Tips for beginners to avoid getting scammed

[andremd3]

Can you suggest some precautions for beginners to avoid getting scammed ?

Common sense and trust your guts. If you feel like engaging in a suspicious transaction, then better not to push through it. You need to be careful since there are lots of scams in the internet now.

Don't let greed overpower common sense.

[xuan87]

When you want to invest you need to think smart, do not invest in a site that offered a big return in a short time, if it offered more than 10% then you need to be aware, always check the site reputation no matter what people said, you need to check by yourself, if you are not sure about anything you can ask people opinion in this forum and see how the user review

[TIDOVEE]

Make your passwords confidential,
Be consistent,don't just make unverified trading and transactions.(be sure it is genuine)
Reading other people's post will do a lot in guiding you.
That's just my advice for now

[fikihafana]

Do not trust get rich quick programs, do not register at untrusted website that keep your bitcoin or altcoin

[tendermartin]

my advice would be...

#1- do not engage in all these "double your bitcoin schemes" all around the corner

#2- instead engage in cryptocurrency Trading and you will be able to do so much with the bitcoin you have and even tripple your Bitcoin in a matter of days

#3- cryptocurrency Trading offers you good experience that will make you more versatile and grounded in cryptocurrency  matters....


I hope my little points were helpful

Can you suggest some precautions for beginners to avoid getting scammed ?

Posted From bitcointalk.org Android App

[Babyrica0226]

Can you suggest some precautions for beginners to avoid getting scammed ?

First, read most of the time in bitcointalk forum, then don't hesitate to ask any of the member in thw forum here because
most of the members are very accomodating to response to your question.

[olushakes]

Can you suggest some precautions for beginners to avoid getting scammed ?

One every sure way to stay out of scam is not to get greedy by either willing to sell at a deal too good to be real or willing to make instant money within few number of days. It won't work. Another way is to not to be too rash in taking a decision, take your time and re-think over it again and again before going for it and the moment you have doubt about anything, just listen to hour guts and go over it till you are sure. Its better to be safe than being sorry.

[Singwala]

BTC To start bitcoins always checked , research don't invest in company promise you give 100% monthly income, that's a ponsi scheme
earning bitcoins is not to easy. since you are a newbie knowledge and always ask,your mentor /friend when someone offer you a investment with profitable income. godluck brother to you success Singwala Butawtong

[Visin]

Make your passwords confidential,
Be consistent,don't just make unverified trading and transactions.(be sure it is genuine)
Reading other people's post will do a lot in guiding you.
That's just my advice for now

Reading reviews is one of the nice things about this forum. Most people that have an issue with any type of Bitcoin transaction or Bitcoin related situation has a bunch of people posting in a thread stating what they experienced with the similar issue that the OP’s posted. Feedback is #1.

[noictib]

Can you suggest some precautions for beginners to avoid getting scammed ?

When in the starting I entered in this field then at time no one exchange were available to make buy and sell Bitcoin (since LBC was but was complicated to do work ) so we needed to make deals directly P2P and sometimes results into loss because of scammers .
But in the current time we have better better playground to make buy and sell of Bitcoin instantly without more problems and also we have a lots of data in the Google to learn and  study about everything .
So in the current time chances of scam are very less .
But still here I will suggest to every friends about the Bitcoin and altcoins trading ( main source of earning) Don't get blind to buy or sell your Bitcoin  or altcoin , always buy anything at the advance order and don't sell due to fall of the price , because here you are only to make profit , so only sell when you feels that you are in the profit  .
In this way everyone can grow without loss and scam with trading system of fear to loss .

[reflector]

Make your passwords confidential,
Be consistent,don't just make unverified trading and transactions.(be sure it is genuine)
Reading other people's post will do a lot in guiding you.
That's just my advice for now

Reading reviews is one of the nice things about this forum. Most people that have an issue with any type of Bitcoin transaction or Bitcoin related situation has a bunch of people posting in a thread stating what they experienced with the similar issue that the OP’s posted. Feedback is #1.

For the transaction related issue, they have check the Technical support section likely, they can understand transaction delay, unconfirmed transaction and etc... For newbies involves in trading, I use to say that please keep any escrow person in all of your trade. They will help both parties to hold the fund and your transaction will be safe.

[maydna]

my advice would be...

#1- do not engage in all these "double your bitcoin schemes" all around the corner

#2- instead engage in cryptocurrency Trading and you will be able to do so much with the bitcoin you have and even tripple your Bitcoin in a matter of days

#3- cryptocurrency Trading offers you good experience that will make you more versatile and grounded in cryptocurrency  matters....


I hope my little points were helpful

Can you suggest some precautions for beginners to avoid getting scammed ?

Posted From bitcointalk.org Android App

this advice is really good for new people so they can avoid to get scammed by other investment programs or else. making bitcoin in crypto currency is really difficult and we need to be careful when we want to join in one programs. its better to hold bitcoin in our wallet than we used to join into other programs that have a chance to scammed us and in the end, we are getting sad because our bitcoin is disappear. so before we make decision to join, we need to read everything about the programs.

[sotoshihero]

Do not trust get rich quick programs, do not register at untrusted website that keep your bitcoin or altcoin

You can always spot this get-rich-scams. They are offering high return without even doing like in HYIP, by giving daily percentage, big interests, etc. When it is promising too much of returns, think twice in investing. It might last long, and even before you can withdraw your earnings they are gone.

[sumit513]

One big suggestion is to don't use just one exchange. Don't put all your money in one exchange. Sign up for all exchanges and use app like TabTrader to connect them all.

[biter66]

Try to be informed about trading and google about the coin, forum, or reviews relating to what you're interested in. Most people have been scammed at some point so good luck.

[KennyR]

Do not trust get rich quick programs, do not register at untrusted website that keep your bitcoin or altcoin

You can always spot this get-rich-scams. They are offering high return without even doing like in HYIP, by giving daily percentage, big interests, etc. When it is promising too much of returns, think twice in investing. It might last long, and even before you can withdraw your earnings they are gone.

Yeah, get rich scams were the one that easily traps the beginners. While hearing about bitcoin and it's value for the first time everyone has the mentality of being rich through it in a short. The difficulty will be realized only after being a user. Using this an opportunity there are lots and lots of scams and HYIP that easily change the mind.

[Pamadar]

Do not trust get rich quick programs, do not register at untrusted website that keep your bitcoin or altcoin

You can always spot this get-rich-scams. They are offering high return without even doing like in HYIP, by giving daily percentage, big interests, etc. When it is promising too much of returns, think twice in investing. It might last long, and even before you can withdraw your earnings they are gone.

Yeah, get rich scams were the one that easily traps the beginners. While hearing about bitcoin and it's value for the first time everyone has the mentality of being rich through it in a short. The difficulty will be realized only after being a user. Using this an opportunity there are lots and lots of scams and HYIP that easily change the mind.

yeah as they captured mindset of some people who has been attracted to this easy investment platform such as mining and investing to trading those are the common practice they just let you believe that all you have to do is to place your money and wait no need to do anything.

[CyberKuro]

Good that you asked

- Hold your Coins
- Do not invest into sites that promise '2% Return Monthly' 'Get 15000 satoshis daily by depositing XXX BTC', these are most likely scams
- Avoid the investors-based games thread
- Try not to trade/invest in altcoins to earn BTC if you are a starter (only trade with what you can afford to lose)
- Read more on this forum (many posts are helpful)
- If you are using any service that uses your Bitcoin (i.e. BTC Wallets, Exchange Sites), do check for its reputation and security

Do not get pulled in into a ponzi, nothing is free in this world, you have to work hard if you want to 'earn' BTC.

Also, in addition, if you are trading here on the forum with other members it is best to use escrow. Especially if you are dealing with people with bad reputation. Though it doesn't mean you will be 100% secure, but it will significantly improve your chances of not getting scammed.

Since Op asked about avoid scammed in trading thread, so it's about precautions in trading, right?
I think all the answers above pretty good and detail for newbies to understand how to avoid trouble.
I would suggest to use some trusted trading sites such as Poloniex or bittrex for the start.

[Bagaji]

Can you suggest some precautions for beginners to avoid getting scammed ?

Most a time you only find yourself being scammed as a result of your one's personal greed or an act of being despirate of getting rich quick.
Stay away from sites that promise high return on your investment for what that interest them is your own deposits .
Lastly, there's need for you to seek other people's opinion on what ever investment you want to put in your money to know whether is genuine or not before you invest your capital.

[Ewox]

The best precautions or tips for beginners to avoid getting scammed would be by reading more here at bitcointalk, you can actually learn a lot from here. Plus always trust your instincts and go over the beginners section first.