Be safe: READ THIS BEFORE TRADING/BUYING/USING YOUR MONEY

[zee123]

Alright, so I've been PM'd by a few people what red-flags to look out for since I have a pretty good track record of spotting scammers. Sometimes I get it wrong, but better safe than sorry.  Here's a couple rules to follow to avoid becoming a victim:

1. Newbies, NEVER DO BUSINESS WITH OTHER NEWBIES, EVER. There are plenty of veteran members to do business with and ALWAYS use escrow. If you're a newbie and you're doing business with another newbie, there's nearly a 100% chance that one of the parties is a scammer. I can not stress this enough.. just work with people who have been here at least a year.
2. Always use escrow.
3. See rule #2.

It's all about due diligence and common sense. Sorry, common sense is not common. Regardless of a member been here for over a year does not certify them, go through every detail meticulously, and escrow is a very good idea. If you can avoid paying in crypto, please do as you will never get a refund. My motto is be suspicious and never take anything for granted.

[1714745463]

1714745463

[Btclick]

Any advice how to start trading and what coin should I use?

[jonce15]

Any advice how to start trading and what coin should I use?

I think ICOs bounty programs is a good begining... earns tokens after trading. This is a good first bounty for you: https://contest.t.exchange/ Tex exchange becomes a great exchange in the future. Good luck!

[fibrolit]

In the last year in programs bounty can be earn very little. You will see now that 90-95 % of bounty campaigns will bring you $ 0 profit. Don't despair, you will still gain the experience you will need in the future.

[Aceeakell]

i think its important,   you can choose at least a jr.member or member. You have to choose trustful btt members by using trust datas in their profiles. maybe you can google the nick name for looking older topic about their nicknames. about any reputation or some topics about they.

1. Newbies, NEVER DO BUSINESS WITH OTHER NEWBIES, EVER.

[lavara]

In any case, you need to be very careful. The Internet is almost complete anonymity and there are a lot of people who want to take possession of your funds. Of course trust trusted sources where you have already traded and in as small amounts as possible - decide how much.As you already know, even on Binance, there may be unpleasant circumstances.

[Danny_Stitch]

Hi,

I am planning to trade a altcoin for bitcoin. Can someone explain me what escrow is and which escrow website i should use?

With sincere regards,
Danny

[lohladex]

Thanks for sharing this useful information , there are lots of Scammers among  newbies rank. They do not care about their account getting deleted  in the event of their misconduct . It is idea to deal with Veteran Members because they value their reputation and its hard to find scammer among them. I almost fall victim of scammer among all these new ranked member during the process of exchanging altcoin for fiat . Going through escrow in making payment seems to be the best option to avoid scam.

[Omair Amin]

The fact that is created  it allows each users who wanted to trade the alt coins first would make sure never used the scam website and be aware of any suspicious activity during trading & always used the quite offensive approach while trading to overcome setbacks.

[antonverhot]

My money were stolen from Bittrex


Hello everyone!

Maybe, someone can help me.

My funds were stolen from Bittrex. I had 42.000 USDT, and there was an API key (without access to withdrawal, and there were no key changes), also there was two factor authentication on my Bittrex account and on email (from which the there is a login confirmation for every new IP).

The API key is set only to read and trade access.

A person was added for managing the deposit. After about a day I logged in to see that from my 42.000 USDT balance only 70 USDT left, but there were no history of money withdrawal. However, when I checked the orders, I saw 32 pages of instant underpriced sales. As I understand, a bot was creating these transactions, and another account was buying out my money for close to zero value. As a result, all of my money ended up on another account, from which they were withdrawn.

Is it possible to do anything about this situation, and has anyone faced this kind of problem before?

At the time I wrote to the Bittrex support, bot only received the response, that the question was handed to the correspondent team.

[Text]

My money were stolen from Bittrex


Hello everyone!

Maybe, someone can help me.

My funds were stolen from Bittrex. I had 42.000 USDT, and there was an API key (without access to withdrawal, and there were no key changes), also there was two factor authentication on my Bittrex account and on email (from which the there is a login confirmation for every new IP).

The API key is set only to read and trade access.

A person was added for managing the deposit. After about a day I logged in to see that from my 42.000 USDT balance only 70 USDT left, but there were no history of money withdrawal. However, when I checked the orders, I saw 32 pages of instant underpriced sales. As I understand, a bot was creating these transactions, and another account was buying out my money for close to zero value. As a result, all of my money ended up on another account, from which they were withdrawn.

Is it possible to do anything about this situation, and has anyone faced this kind of problem before?

At the time I wrote to the Bittrex support, bot only received the response, that the question was handed to the correspondent team.

I think you need to contact first their support team via email and tell what happened to your lost funds. You may also make your own thread for that problem so others will lend a help to solve your concern. I also used Bittrex a long time ago for selling some of my altcoins but I didn't encounter such thing like that. In your case, its really suspicious and could be true if you can provide the proofs like screenshots.

[IslaAde]

That's exactly the way it is.
I wish there was someone to guide me earlier so I wouldn't make this mistake.
Of course, I had the chance to experience it in a less risky way.
And I only got help from a beginner to know how to buy an Instagram account.
And after a few days, I realized what a big mistake I was making.

[PavelMed]

Unfortunately, fraud is one of the biggest troubles of the crypto world. For beginners who have just decided to get acquainted with all this, it can sometimes be difficult to understand. And the tips do not help much. Only if you try and find out for yourself.

[abdulfatah.busari]

This thread really is a good one, my suggestion is that if it is possible btt should have an escrow, trusting any member with huge btc all in the name of being an escrow member is a no go area  for me, the risk involved is higher than the benefit.
Cheers

[Partonomy]

Has anyone tried the Particl Marketplace?

There double deposit escrow system makes buying online a much better option while still keeping your privacy. 

[FuzzyOne]

This is a must-read thread and I am going to promote it on my site and all my network pages...scamming is a major issue in the crypto scene and apart from following the suggestions and "rules' in this thread, really; for your first few transactions, and until you are more experienced never ever release funds unless using escrow, and always make sure the "wallet id" you are sending to is the correct one...double-check the address before releasing funds. (https://fuzzy.one)

[Partonomy]

This is a must-read thread and I am going to promote it on my site and all my network pages...scamming is a major issue in the crypto scene and apart from following the suggestions and "rules' in this thread, really; for your first few transactions, and until you are more experienced never ever release funds unless using escrow, and always make sure the "wallet id" you are sending to is the correct one...double-check the address before releasing funds. (https://fuzzy.one)

So sad that many people are victims of these scammers. People need to educate themselves on these pitfalls as well.

[femi-yoghurt]

Thanks for this.
I am a newbie and i think this post has enligthened me a little so i won't be scammed.
But please how do we know the legit veterans??

[john1010]

In addition to OP's concern, some of the newbie are buying cryptos using their cards, you know guys, I'm one of the victim by credit card scammer online, I don't know why they've gey the sensitive info of my cards, I only using it in some well known trading site, but they told me that they have no idea how my card debited without my knowledge.

[Text]

Thanks for this.
I am a newbie and i think this post has enligthened me a little so i won't be scammed.
But please how do we know the legit veterans??

If you are scrutinizing the things you need to know when trading and buying with your own money you will avoid being scammed and you can be sure that you are only dealing with legit veterans.

In addition to OP's concern, some of the newbie are buying cryptos using their cards, you know guys, I'm one of the victim by credit card scammer online, I don't know why they've gey the sensitive info of my cards, I only using it in some well known trading site, but they told me that they have no idea how my card debited without my knowledge.

I will not be able to entrust my credit card credentials to any trading site except if it is legitimate and recognized. I will still use crypto payment methods.

There are other well-known trading sites but you can not say that they can really be trusted. So crypto should still be used to make transactions on a crypto trading site instead of fiat.