How can we protect ourselves from scam?

[Thesaintplague]

We have to be very careful in the cryptocurrency world. There are a lot of people who would very much like to take over your money by cheating and fraud. Try to activate critical thinking, which is very useful in life, not only in the field of working with cryptocurrencies.

[1715441712]

1715441712

[1715441712]

1715441712

[1715441712]

1715441712

[Kelly777]

Around the crypto currency, there is an agiotage, so there are so many scammers. Today you can buy crypto currency through brokerage companies. But, if you decided to do this, then you need to choose only licensed companies

[Mila52]

It's very hard to get out of scams. People who have proper knowledge and who do regular research, may understand scams. However, I saw someone invented an application software to eradicate scams from crypto society. You can search it on google. I hope it works.

No one is insured from fraud, . The creation of projects on standard software products is one of the signs of fraud. Check the members of the team for information on the Internet .Check the white paper. But all the same it's not 100% insurance against scam. Crypto currency is a very tasty sweets for scammers. And just hope that you are lucky.))

[BillyBelmonte]

There are no any universal recipe how to avoid scam, because scammers try to create projects, which are looking like legit. So you will risk to be scammed every moment when you will invest to ICO.

[s.Zavgorod]

There are no any universal recipe how to avoid scam, because scammers try to create projects, which are looking like legit. So you will risk to be scammed every moment when you will invest to ICO.

The opportunities are there and full instructions. they are scammers and in Africa scammers. Therefore, the calculation methods are sufficient. Not really that people will be conducted on all the wrappers that make them look like legitimate.

[mika1977]

To protect yourself from scams, you need to carefully check all the information. Only this can save you from losing money.

[avonka]

No absolute protection against scam projects and half scam projects. The only thing we can do is to set our own
set of requirements from an ICO with red flags and with some experience in researching we will be able to select the right ones.

[andrei56]

I think we'll find ways to regulate crypto market. Now crypto is developing and it's very unstable but in several years we'll find a solution which will help us make this system more stable and comfortable to use.

Regulation is not the answer to this market, and the reason is very simple you are your own bank, there is no a central bank of bitcoin that you can regulate so there are less scams in the market, if you want less scams in the market then you need to do your part and take measures to protect yourself from being scammed and if everyone does the same than the amount of scams is going to go down.

[restuibu]

it is very difficult to determine or avoid scam projects because now scammer is everywhere, for that we have to do our own research and be more careful in determining a coin for us to make investment, seeing products, teams and clarity about the project

[handyhuman]

The crypto world is so vast and they are interest from all continents of the world. Some investors / projects came with good intentions to make the world a better place while some to defraud investors and projects founder. Can we have a better way correct scam and lapses?

Be vigilant! you will never be scammed if your well informed about your cryptocoins. learn to justify the rewards from effort. if they say the gain is good, then you have to think all over again

[babycorner17]

In crypto marketplace , there are masses of mission and most of them are ended as scam assignment . it's far very hard to determine approximately rip-off mission . you can be secure from via cautiously research and look at the mission and its functions that you be part of or make investments . you may be careful to becoming a member of new hyperlinks when you have any doubt then dont send your personal key .

[mandeepcrypto]

It is very difficult to protect ourselves from scam. Cheaters are very smart.They present themselves very smartly. Only those person who do the research properly can find it.But it is not easy for them.Nobody can help you only your study help you.

[Corelianer]

You need to be very careful and recheck all your actions. Use strong passwords, 2FA

[cajuelan]

Indeed! Scams are everywhere, We must first secure our self from scams and other third party program. Doing review and researching before investing is a  wise decision. Also having a crypto team is a bonus in making a decisions.

[Cedrick]

If we can protect ourselves from scam then everyone should have done it. The thing is that there is no guaranteed way for us to know if a project was legit or scam. Although there are things to check to know if the ICO was legit there are a lot of people getting scammed by ICO's every day. I think there will be a time that there will only be a few ICO's because they are going to be filtered and the scam ICO's will be minimized.

[mariyawisman]

If we can protect ourselves from scam then everyone should have done it. The thing is that there is no guaranteed way for us to know if a project was legit or scam. Although there are things to check to know if the ICO was legit there are a lot of people getting scammed by ICO's every day. I think there will be a time that there will only be a few ICO's because they are going to be filtered and the scam ICO's will be minimized.

Not letting more people join in the ICO is going to let the scams go away. That would mean that they would be making no extra money.

[Otsu]

In my own thoughts, it's better to have a full knowledge first before doing something so that you can always be ready in case if there is something goes wrong. Also, never take an action if you have doubts on it because usually it will be resulted into nothing most especially here in digital world.

[pwchan001]

It is very difficult to reduce the number of scams. However, it is possible to reduce the chance of being scammed. For example, you can join discord groups that report scams.

[abake]

The only sure way to prevent yourself from scam is by proper due diligence before buying into any ICO. Some due diligence platforms like ICOBENCH will aid,  but do your own research. Also there is a new scam in town called  selfdrops, I will post a detailed explanation on that soon.

[andrei56]

You need to be very careful and recheck all your actions. Use strong passwords, 2FA

Not only you need to use strong passwords, you need to avoid to reuse passwords at all, I see that some people use very strong passwords but they use the very same one for a multitude of websites and services and as soon as a hacker gets hold of one of those passwords then he gets access to almost all your life and your coins.