HOW TO protect yourself from Scammers

[TheClownSong]

Right now its hard to identify scam ICOs or not. Some scam ICOs have great website and have good and convincing whitepaper. They best thing we can do is make good research about their project and their team.

[MrCrank]

Great article! Newbie must read it.
Many of them sooner or later encounter scammers/fraudsters, this will protect them.

[melina152]

Nothing is safe on internet for avoid scam.Do your own research before invest in any ico.

[Cj29]

i think the best way tl avoid scammer is never believe in a private message. because lot of people now prending that they are the admin of a ico. always look to the site for address and admin nevee pm a address

[prelala]

 Thanks for this information and I think Doing research to know more about an ico is one of the ways to proctect onceself from scamers.

[johnwest]

ICO's have become an easy way to scam investors these days. It is the main reason for different governments to ban ICO's or to keep regulations on them.

[martirosyan666]

Scamers have upped their game in the recent past, comng up with all sorts of new tricks to defroud people of their had earned money, one has to be very careful when approaching cryptocurrency especially ICOs as there are quite couple of them with only intentions of grabbing money and disappearing, for this special detail should be kept on the projects, development teams and the products on offer and ensure they are authentic enough

[lisajung0990]

here are lots of scammers out there so one have to be extremely careful.And avoid joining projects that are too good to be true and lastly don't give any personal information in any sites and avoid clicking links.

[AlexAtom]

Very good article to read for this community because there are many peoples wallet getting hacked.
Your wallet = your responsibility, so you can take every actions to protect your wallet against scammer.
For me, using metamask for ethereum is a good idea, and for bitcoin, using the client wallet like bitcoin core is good.

[Toraokun]

Thank you sir for your advice, i really appreciate it. After all your wallet is your responsibility without pay attention you can lost many of your cryptocurrency even all of them. Hopefully this help many newbie like me 

[peterpeterpeter]

I think the very best way to do for avoiding one of the victims from those scammers is to have an enough knowledge and peace of mind about.
Be wise and avoid clicking malicious website .
Because nowadays . Scammers and are in everywhere.

[Sevarchik]

First of all remember what there is no easy money.
All where do you offer big increase 90% scam, maybe 100%
Believe only for yourself and you dont be scammed

[Indai24]

First of all remember what there is no easy money.
All where do you offer big increase 90% scam, maybe 100%
Believe only for yourself and you dont be scammed

Scammers are everywhere, they just actually waiting for the right timing. Be careful everytime you recieve an offer that is too good to be true, learn to determine phishing emails, websites not are not legit and ofcourse always remember not to provide your personal information right away.

[Sakura0990]

I was making a list for my team on how to stay away from Crypto scammers, and thought I would just share it here as well.

Here are the type of Crypto scammers that I have encountered

Type 1. ICO as a SCAM - (More info contributed by: tosindesign)
There are ICOs that are only designed to get your money. Once the ICO is over then the pages are taken off the net and the makers of the ICO disappear with the money. The last case we reported was LoopX, but this is not the only case.

How can you protect yourself?
1. (by: tosindesign) Generally there is no 100% protection here. A good indication for a scam is there is no team mentioned on the website or whitepaper. Although everything is very superficial and promised a lot, but after reading the white paper is not clear how that should be possible.
2. (by: GeckoTrader) One of the best things to do to avoid ICO scamming is to learn and back read all information about that ICO. As they always say " More knowledge is power"
3. (by: GeckoTrader) The team should have been communicating to the community.
4. (by: GeckoTrader) Always they should have an update from their company. If you sense something fishy do not hesitate to ask question from them. In that means you can confirm whether they are legit or just a bunch of scammers.

Type 2. Scammers who sell FAKE COINS (name / coin code is same but coin generating contract is different)
How to protect yourself: Check the contract address of these coins, if it came from the same contract address

Type 3. Social media scammers - Would post like "I will send you 50 ETH if you send me 5"
How to protect yourself: This is an easy one, they all are scammers. Dont even respond.

Type 4: Identity theft scammers - These guys will contact you as CEOs of ICOs or Social celebrities, usually banking upon the names of a famous person
How to protect yourself: Try pinging them from an another ID of theirs (say if scammer pinged you from Telegram, drop them a message over their facebook ID) and ask them to check that message. This would work as a Two-Factor-Authentication for that personality.

Type 5: Malicious code Trojans - Like Wordpress or Chrome plugins, that would use your machine to mine for crypto currencies, using your machine for the same
How to protect yourself: Try not to do plugins or replace them with cloud powered services, OR, Install only trusted plugins, with loads of reviews maybe. I wont be surprised if these trojans take shape of free downloadable games or cracked softwares downloadable for desktop or your mobile.

Type 6: Online Seed Generators (contributed by: tosindesign)
For some wallets (eg the IOTA Wallet) you have to set your own seed. In the case of IOTA, this is an 81-digit password that must consist of uppercase letters and at least one 9. Since some did not want to generate a password themselves, they resorted to online seed generators. These generate you by mouse click an 81-digit seed. However, as it turns out later, a few of these seed generators also stored the generated passwords, The stored seeds were then later used to steal the assets of the investors concerned. You have to know that the seed is something like the master key that allows all credits to be transferred. A thief does not even have to have access to your computer on which the wallet is installed. The seed is enough to access your balance on another computer.

How can you protect yourself?
Never use an online seed generator! When generating an 81-digit seed, all you have to do is push 81 random keys on your keyboard.

Type 7: Phishing website attempts (contributed by: tosindesign)
Scammers would copy exact replica of the websites (wallets, exchanges) and try to get you to login, thereby recording you password. For example, the page Blockchain.info was copied to get the logins. You have to know that Blockchain.info also offers a wallet service where Wallet could save your bitcoins. If Google users searched for “Blockchain info” in some countries, they ran a Google ad that led to Blockchaina.info, a cheat site that has nothing to do with Blockchain.info. The site was a 1: 1 copy of Blockchain.info and was only designed to get login information from users. There are also similar attempts to MyEtherwallet.com and other sites.

How can you protect yourself?
Never click anywhere on a link to a page where you want to log in. The best way is to bookmark the pages and just go over the web pages. In addition, you should always look for the SSL encryption. There will not be a page that stores important data from you and is located at http: //. All pages should now be encrypted SSL and have a https: // domain (although the pages can also be accessed at http: // they will redirect to https: //). The SSL certificates will also show you every browser, for example by a small lock symbol.


Type 9: Used Ledger Nano (contributed by: tosindesign)
At ebay and in other marketplaces there are always offers to buy the Ledger Nano a bit cheaper. This is particularly interesting now, where the Ledger Nano S is sold out and will be available again in one month. There have been cases in the past when users bought a used ledger on ebay and the seed from the ledger was already filled out. Anyone who has not owned a ledger to date will hardly register the difference. Of course, the previous owners have also noted the seed in these cases, which then allows them to get access to the crypto currencies that the new owner stores on the Ledger Nano S.  

How can you protect yourself?
If you want to use a hardware wallet like the Ledger Nano S, buy it directly from the manufacturer and make sure that it is still original packed. The enclosed note on which you can write down the seed should never be filled.

Type 10: Airdrops that ask for personal information (contributed by: StarKay)
There are hyped up airdrops that may ask for KYC information, that may end up being used by scammers / hackers.

How to protect yourself:
Think of your personal information as an investment as well. Research who you are giving your information to and why that ICO will need it

Type 11: Identity theft via Social Media - (contributed by: darkangel11)
You have to realize what they want from you. In the end it's always your money, while in the process they may want some personal data, a phone number, whatever they can get into.

How to protect yourself: Never willingly give anything. Don't share your real social media accounts with random people, keep your email addresses to yourself and if you have to use them make sure to have burner emails. What are burners? Not necessarily emails created for every forum and project. Just emails that don't contain your personal data and that you're not using for online shopping, banking and so on.

Please add more below, or share your story.

thank you very much for sharing with the community.
I see now there is a cheat form in the form of coin floor, to get the identity of the subscriber anymore

[Eureka_07]

These are some of the reasons on how you can protect yourself from scammers but the very way on how to protect yourself from the scammers is to don't entertain them. If you entertain them, the chance that they will repeat scamming to others is 100%. Be wise when you are talking to strangers.

[Saritelli]

Safety is very important! Thoroughly check the sites, get a good antivirus, learn all the ICO, where you want to deposit money. There are several wallets.

[AjithBtc]

To stay away from scammers, it is good to go through the service renderers trust rate. Probably scammers focus the newbies, because they are the one who can be trapped with ease. As each and everything with cryptocurrency happens through internet, scammers consider it an easy way.

[Jacsnuffles]

I was making a list for my team on how to stay away from Crypto scammers, and thought I would just share it here as well.

Here are the type of Crypto scammers that I have encountered

Type 1. ICO as a SCAM - (More info contributed by: tosindesign)
There are ICOs that are only designed to get your money. Once the ICO is over then the pages are taken off the net and the makers of the ICO disappear with the money. The last case we reported was LoopX, but this is not the only case.

How can you protect yourself?
1. (by: tosindesign) Generally there is no 100% protection here. A good indication for a scam is there is no team mentioned on the website or whitepaper. Although everything is very superficial and promised a lot, but after reading the white paper is not clear how that should be possible.
2. (by: GeckoTrader) One of the best things to do to avoid ICO scamming is to learn and back read all information about that ICO. As they always say " More knowledge is power"
3. (by: GeckoTrader) The team should have been communicating to the community.
4. (by: GeckoTrader) Always they should have an update from their company. If you sense something fishy do not hesitate to ask question from them. In that means you can confirm whether they are legit or just a bunch of scammers.

Type 2. Scammers who sell FAKE COINS (name / coin code is same but coin generating contract is different)
How to protect yourself: Check the contract address of these coins, if it came from the same contract address

Type 3. Social media scammers - Would post like "I will send you 50 ETH if you send me 5"
How to protect yourself: This is an easy one, they all are scammers. Dont even respond.

Type 4: Identity theft scammers - These guys will contact you as CEOs of ICOs or Social celebrities, usually banking upon the names of a famous person
How to protect yourself: Try pinging them from an another ID of theirs (say if scammer pinged you from Telegram, drop them a message over their facebook ID) and ask them to check that message. This would work as a Two-Factor-Authentication for that personality.

Type 5: Malicious code Trojans - Like Wordpress or Chrome plugins, that would use your machine to mine for crypto currencies, using your machine for the same
How to protect yourself: Try not to do plugins or replace them with cloud powered services, OR, Install only trusted plugins, with loads of reviews maybe. I wont be surprised if these trojans take shape of free downloadable games or cracked softwares downloadable for desktop or your mobile.

Type 6: Online Seed Generators (contributed by: tosindesign)
For some wallets (eg the IOTA Wallet) you have to set your own seed. In the case of IOTA, this is an 81-digit password that must consist of uppercase letters and at least one 9. Since some did not want to generate a password themselves, they resorted to online seed generators. These generate you by mouse click an 81-digit seed. However, as it turns out later, a few of these seed generators also stored the generated passwords, The stored seeds were then later used to steal the assets of the investors concerned. You have to know that the seed is something like the master key that allows all credits to be transferred. A thief does not even have to have access to your computer on which the wallet is installed. The seed is enough to access your balance on another computer.

How can you protect yourself?
Never use an online seed generator! When generating an 81-digit seed, all you have to do is push 81 random keys on your keyboard.

Type 7: Phishing website attempts (contributed by: tosindesign)
Scammers would copy exact replica of the websites (wallets, exchanges) and try to get you to login, thereby recording you password. For example, the page Blockchain.info was copied to get the logins. You have to know that Blockchain.info also offers a wallet service where Wallet could save your bitcoins. If Google users searched for “Blockchain info” in some countries, they ran a Google ad that led to Blockchaina.info, a cheat site that has nothing to do with Blockchain.info. The site was a 1: 1 copy of Blockchain.info and was only designed to get login information from users. There are also similar attempts to MyEtherwallet.com and other sites.

How can you protect yourself?
Never click anywhere on a link to a page where you want to log in. The best way is to bookmark the pages and just go over the web pages. In addition, you should always look for the SSL encryption. There will not be a page that stores important data from you and is located at http: //. All pages should now be encrypted SSL and have a https: // domain (although the pages can also be accessed at http: // they will redirect to https: //). The SSL certificates will also show you every browser, for example by a small lock symbol.


Type 9: Used Ledger Nano (contributed by: tosindesign)
At ebay and in other marketplaces there are always offers to buy the Ledger Nano a bit cheaper. This is particularly interesting now, where the Ledger Nano S is sold out and will be available again in one month. There have been cases in the past when users bought a used ledger on ebay and the seed from the ledger was already filled out. Anyone who has not owned a ledger to date will hardly register the difference. Of course, the previous owners have also noted the seed in these cases, which then allows them to get access to the crypto currencies that the new owner stores on the Ledger Nano S.  

How can you protect yourself?
If you want to use a hardware wallet like the Ledger Nano S, buy it directly from the manufacturer and make sure that it is still original packed. The enclosed note on which you can write down the seed should never be filled.

Type 10: Airdrops that ask for personal information (contributed by: StarKay)
There are hyped up airdrops that may ask for KYC information, that may end up being used by scammers / hackers.

How to protect yourself:
Think of your personal information as an investment as well. Research who you are giving your information to and why that ICO will need it

Type 11: Identity theft via Social Media - (contributed by: darkangel11)
You have to realize what they want from you. In the end it's always your money, while in the process they may want some personal data, a phone number, whatever they can get into.

How to protect yourself: Never willingly give anything. Don't share your real social media accounts with random people, keep your email addresses to yourself and if you have to use them make sure to have burner emails. What are burners? Not necessarily emails created for every forum and project. Just emails that don't contain your personal data and that you're not using for online shopping, banking and so on.

Please add more below, or share your story.

Another is the TELEGRAM BOTS
Always remember that creating bots in Telegram is as easy as 123. Never disclose your personal information to that. Be smart and observant.

[2408AAY]

Scammers are the reason why many investors are afraid to invest. Safety is very important in investment and as such you need to be careful. You have to keep your private key well by not sharing it with anyone and secondly securing it in a hardware wallet can also help.

[jerlen17]

Sometimes it is hard to identify or recognize if they are scammer or not. I think the best way to protect ourselves to the scammers is to be aware like, check their website if it is real, the content of their white paper to know their plans about the project if there are lots of investors purchased from their ICO.