5 Ways to Avoid Bitcoin Scams

[joebrook]

Thanks for the information, such articles help to decide what to deal with, and what is not worth it.

The best way to avoid bitcoin scams is to avoid being greedy and be a bit realistic because there is no investment in the world that can give a profit of 50% in a month of investment. It's simply not possible.

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[jimmyle]

Thank you so much for the work you have done in studying the problem and solving it. I, like many other people, had once been a novice and repeatedly encountered fraud.

Evil people are everywhere and they are trying to deceive us.

I hope you will not leave your topic and will continue to supplement it with new information. After all, the attackers every day come up with new ways that would fool the gullible people.

Good luck in your way!

[Segway]

Most important thing every Bitcoin user must have in mind is that we are the owners and controllers of the Bitcoin we hold in our wallets, hence the security lies in our care. As much as possible, you must protect your login details and avoid giving away details to unknown sites that promises to give free Bitcoins.

[delightme]

 5 ways to avoid Bitcoin scams is by
1  know what you are facing
2. To avoid unrealistic offer
3. Beware of phishing web pages
4  Beware of Counterfeit Digital Wallets
5. Beware of Bitcoin Thieves Malware

[kenel]

the basic rule is just to be careful with transactions and when clicking on links that you are not familiar with

[jatin729]

1.   Use always trustsd websites which are having proper certificates.
2.   Don't share private key with someone.
3.   Do not install any application which is harmful for computer because once i installed, after installing my clipboard was hacked automatically it was paste someone bitcoin address in the address bar of the wallet.
4. Avoid free giveaway because no one has given free bitcoin because its expensiveness.
5.  Don't invest into cloud mining service of internet. I know there are legit service provider but most of these are Scammers.

Be safe and active bitcoiners.

[ovcijisir]

I will quote John McAfee:

If you believe that anyone, at any time, for any reason, ever, gives money away to total strangers, then you deserve to get scammed.

Don't be naive when you enter cryptocurrency world and don't accept just any offer you bump into.

Be specially cautios on telegram, when scammers pretending to be bounty/project managers try to offer you coins. ALL OF THEM ARE SCAMMERS. No developer or project member will PM you first with "special offer".

[zitbau]

Thank you for sharing these five ways. It would definitely be helpful to me and help me avoid the scams. I was fooled and lost money in my wallet when filling out personal information from a gmail sent to me. Therefore, I advise investors not to fill Your information from gmail is sent to you that you do not understand about it

[jossiel]

Avoid believing with email scam attempt too. Be aware of it, read this thread and "Do not send bitcoins to extortionists".

This is fearful if you haven't deal with this type of email and you might think that you are affected of a malware/ransomware but don't be fooled.

[abanansah]

The moment anybody or service promises of a consistent return of investing in their bitcoins product, then it should be a red flag that it is a scam or ponzi scheme and this should be a guide to anybody that want to avoid been duped by scammers.

[BCTalkaccountforsale]

These are great for new entrants to the crypto market. There will be new knowledge that is important to them because I think these things are so familiar to longtime investors. It is not too difficult to avoid bitcoin fraud as well as not easy to recognize and prevent. Please equip yourself with sufficient knowledge, psychology before investing in bitcoin.

[Pattart]

5 ways to avoid Bitcoin scams is by
1  know what you are facing
2. To avoid unrealistic offer
3. Beware of phishing web pages
4  Beware of Counterfeit Digital Wallets
5. Beware of Bitcoin Thieves Malware

I've also been exposed to malware viruses on my laptop where you try copying your bitcoin address, but actually when I paste it precisely someone else's address that appear lol. If you're not a keen and unfocused person, hacking this method can be very detrimental to you, make sure you update your anti Virus...

[BlackRacerX]

As interest in digital currencies increases such as Bitcoin, more and more Bitcoin scams promise high returns. Unrealistic lure is clearly a mere cover, and usually ends with the loss of clients' funds. Fraud often spreads in social circles based on trusted relationships. Therefore, we must be aware that there are cunning fraudsters who can actively seek ways to deceive with absurd tricks and offers.

How to avoid bitcoin scams :

1. Know What You Are Facing

You don't need to rush to decide whether an investment product is a scam or not. All you need to do is, take a moment to find complete information about the project. The easiest way to do this is to find information in the form of company details or Whitepaper (if ICO), and other things related to the investment product. Learn all the details carefully and do some research on testimonials, comments, and so on. Another way is to join a Bitcoin forum like Bitcointalk, and immediately ask for credibility of an investment product or company to other members.

2. Avoid Unrealistic Offerings

Usually, crypto currency fraud can disguise its identity by using a social media account or advertising banner that looks professional. Mark Steward, director of FCA law enforcement, explained that when people become more skeptical of the real world regarding investment and consumer habits have changed, investment fraud has moved into the realm of Online and social media.

How to avoid this Bitcoin Scam is, you are better selective about all investment offerings from the Online platform that you did not ask for, whether through social media, email, or even by telephone. Even if it looks official, pay attention to how it is offered. Con artists usually dare to promise high profits to lure victims. So if you feel the promise of profits is unrealistic, immediately ignore the proposed offer.

3. Beware of Phising Web Pages

Increased interest in crypto currencies makes many new investors enter the market. Lots of land in a fake landing page that claims to be a popular digital currency exchange platform. One example is the one that uses the Punycode technique. Through this method, the fake domain 'xn - inance-hrb [dot] com' can be displayed as 'ƅinance [dot] com'. This technique is usually able to deceive consumers, because web pages can look really like the original. You can overcome this by being aware of vulnerabilities that exist in internet browsers, such as Chrome, Firefox, and Opera,

4. Beware of Fake Digital Wallets

Fake virtual wallets often appear online or at the mobile app store. In the example of a fake Wallet fraud that happened, more than $ 3.3 million was stolen from users who want to claim their Bitcoin Gold. To anticipate similar events, many Bitcoin Wallet providers caution clients to be aware of the cloning of scammers who want to steal victim funds by imitating their appearance.

MyEtherWallet for example, warns customers about fake MyEtherWallet in December. In addition, before choosing a digital wallet provider, do research first. Please share opinions on leading crypto forums, both local and foreign. In essence, only use the Wallet provider with a good track record.

5. Beware of Bitcoin Thief Malware

Malware is something that concerns computer owners. But now, a new category of malware capable of stealing Bitcoin-related data has appeared. Malware authorized by the computer owner is able to record typing or search for a file with the keyword "Account", "Password", "Bitcoin", "Wallet", or other keywords specified by the author, then upload the file to an anonymous server automatically.

In addition, there is also a malware that seeks to absorb the computing power of computer users to mine crypto. Anticipating this, YouTube is trying to deactivate ads that take computing power to mine crypto currencies. It is believed, after users see the related ad videos, the computer becomes slow and there will be warnings from anti-virus programs. Malware like this can steal up to 100% of computing power to mine crypto currencies (generally Monero). The solution that can be applied here is to install strong anti-virus protection and active Firewall to protect the computer.

I totally agree with the points above and it all boils down to user's safety and common sense. Always question the things you will be putting your information to. Nothing is really trust worthy nowadays specially with the rise of phishing sites and malwares that are able to grab your bitcoins.

[wxa7115]

5 ways to avoid Bitcoin scams is by
1  know what you are facing
2. To avoid unrealistic offer
3. Beware of phishing web pages
4  Beware of Counterfeit Digital Wallets
5. Beware of Bitcoin Thieves Malware

I've also been exposed to malware viruses on my laptop where you try copying your bitcoin address, but actually when I paste it precisely someone else's address that appear lol. If you're not a keen and unfocused person, hacking this method can be very detrimental to you, make sure you update your anti Virus...

That is a very old virus and yet it still creates problems for the people and one big problem is that many people do not take the extra seconds to verify that everything is OK before sending a transaction and this means they will lose their money to those hackers, so if people like that are unable to take the needed precautions to protect their coins then it may be a good idea they get a hardware wallet that way those problems will be a thing of the past for them.

I say this because securing your computer is not a small feat especially if you are using a operative system full of bugs and backdoors like Windows so your time and money will be better spent in doing something else and just getting a hardware wallet.

[ChandraGold]

I recommend using protected operating systems to help keep your computer away from the risk of viruses infiltrated by hackers.

[TRONTON]

the crypto world is very vulnerable to fraud, because lately crypto's growth has been so rapid, so many fraudsters have sprung up to find their own advantages, various ways they have done to fool potential victims. so it is very good if we fellow crypto users always remind each other so that there are no more victims of fraud in the future.

[Dilerium90]

Nowadays, the world of crypto is really very diverse and scammers are so well able to disguise themselves, that sometimes you just can not figure out without specialized knowledge. In my opinion, you can be protected from scams only by not taking part in crypto projects at all.

[leexhin]

Always check the website so you wouldn't be a victim of a fakewebsite or a phishing site.
And for wallets I recommend using only hardware wallets for your own safety.

[cizatext]

As interest in digital currencies increases such as Bitcoin, more and more Bitcoin scams promise high returns. Unrealistic lure is clearly a mere cover, and usually ends with the loss of clients' funds. Fraud often spreads in social circles based on trusted relationships. Therefore, we must be aware that there are cunning fraudsters who can actively seek ways to deceive with absurd tricks and offers.

How to avoid bitcoin scams :

1. Know What You Are Facing

You don't need to rush to decide whether an investment product is a scam or not. All you need to do is, take a moment to find complete information about the project. The easiest way to do this is to find information in the form of company details or Whitepaper (if ICO), and other things related to the investment product. Learn all the details carefully and do some research on testimonials, comments, and so on. Another way is to join a Bitcoin forum like Bitcointalk, and immediately ask for credibility of an investment product or company to other members.

2. Avoid Unrealistic Offerings

Usually, crypto currency fraud can disguise its identity by using a social media account or advertising banner that looks professional. Mark Steward, director of FCA law enforcement, explained that when people become more skeptical of the real world regarding investment and consumer habits have changed, investment fraud has moved into the realm of Online and social media.

How to avoid this Bitcoin Scam is, you are better selective about all investment offerings from the Online platform that you did not ask for, whether through social media, email, or even by telephone. Even if it looks official, pay attention to how it is offered. Con artists usually dare to promise high profits to lure victims. So if you feel the promise of profits is unrealistic, immediately ignore the proposed offer.

3. Beware of Phising Web Pages

Increased interest in crypto currencies makes many new investors enter the market. Lots of land in a fake landing page that claims to be a popular digital currency exchange platform. One example is the one that uses the Punycode technique. Through this method, the fake domain 'xn - inance-hrb [dot] com' can be displayed as 'ƅinance [dot] com'. This technique is usually able to deceive consumers, because web pages can look really like the original. You can overcome this by being aware of vulnerabilities that exist in internet browsers, such as Chrome, Firefox, and Opera,

4. Beware of Fake Digital Wallets

Fake virtual wallets often appear online or at the mobile app store. In the example of a fake Wallet fraud that happened, more than $ 3.3 million was stolen from users who want to claim their Bitcoin Gold. To anticipate similar events, many Bitcoin Wallet providers caution clients to be aware of the cloning of scammers who want to steal victim funds by imitating their appearance.

MyEtherWallet for example, warns customers about fake MyEtherWallet in December. In addition, before choosing a digital wallet provider, do research first. Please share opinions on leading crypto forums, both local and foreign. In essence, only use the Wallet provider with a good track record.

5. Beware of Bitcoin Thief Malware

Malware is something that concerns computer owners. But now, a new category of malware capable of stealing Bitcoin-related data has appeared. Malware authorized by the computer owner is able to record typing or search for a file with the keyword "Account", "Password", "Bitcoin", "Wallet", or other keywords specified by the author, then upload the file to an anonymous server automatically.

In addition, there is also a malware that seeks to absorb the computing power of computer users to mine crypto. Anticipating this, YouTube is trying to deactivate ads that take computing power to mine crypto currencies. It is believed, after users see the related ad videos, the computer becomes slow and there will be warnings from anti-virus programs. Malware like this can steal up to 100% of computing power to mine crypto currencies (generally Monero). The solution that can be applied here is to install strong anti-virus protection and active Firewall to protect the computer.

Well you are right with the analysis of ways to avoid scam but the first thing to do if you ever want to overcome scam is to stop being too greedy and never get easily move by too much unrealistic promises from projects you never hard first hand information on. Because most people want to get rich quick and at that most times run into scam.

[bitcoinVPSD]

I have stored my bitcoin with a hardware wallet to avoid phishing. Also I use an online wallet to store the token from the ICO that I have received. I usually use a lot of online wallets and do not store all the cards from the ICO project I get at a wallet, which I split into several different wallets. and I use the security mode from the website available to protect my wallet