5 Ways to Avoid Bitcoin Scams

[thithoikochoi123]

Yes, phishing everywhere so I have tips for people should set a strong password, always check back before making transactions, Carefully review the site you visit, should Use cold wallet, Do not trust completely into the market. Everyone should be careful when dealing.

[cryptodevta]

If you are to be scammed in your fate, you'll be scammed no matter how many articles you put in your head!

[dimonstration]

If you are to be scammed in your fate, you'll be scammed no matter how many articles you put in your head!

This kind of topic will helps you, because of very informative post that will helps to a lot of newbies here in crypto world. You should not just put it on your head,  just live with in the useful information like this. Scam is everywhere and phishing site, email or links in crypto you need to be careful and be knowledgeable person.

[Tulanpa]

This is well said, it will really help both the newbies and the old. Especially the third point, i would have be a victim of circumstances by dropping my pass key to a site if not that my mind that really convince me.

[Eleanorrussell64]

I think hackings are more dangerous than phishing. because most people can avoid phishing but they can hardly avoid hackers.

[ansdb]

there is also scammers in telegram they talk to you about an ico or even something else and they ask you about money

[dangkhoasn]

thank you. Information is very useful. You just helped me protect my bitcoin number more securely.

[letonys]

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,
That is the reason many people lose money most

[kryptqnick]

Well, the things you post almost everyone involved and learn about bitcoin for a long time has been known. It is just reasonable and suitable for newbies. New people should read to understand more.

Moreover, a lot of that applies for financial pyramid scams, not btc. And yet sometimes very obvious truths are not getting the attention they should. To the advice listed in the op, I would add taking the responsibility for investments and paying attention to whether the accounts are real. The first tip is actually very important, because people don't like risking and yet are lead by the wish to win. This makes them easily give their capital to someone or even something (like a trading bot) else, so that they don't have this feeling that they made a mistake. If they lose, they can always blame the program or a person they trusted. One has to be mature enough to start investing money and managing one's own funds is crucial. The second tip is a small one and it's just due to the fact that when there are famous successful investors, there are usually fake accounts with the same names, trying to scam people. You shouldn't trust anyone much in this business, but if you do have some people who inspire you, make sure you're following only their verified accounts.

[InboundMercury]

Very good and informative article and i want to add one thing that if any one share any link and if you don't trust him them avoid it because it can also be a trap.

[Ferde]

there are so many who make similar posts, and this is very helpful for beginners to avoid fraud. where they have to learn more and read some tips and tricks like this from people who have experience in the world of cryptocrrency.

Yes, posts like this should be made every week even every 2 days, because every day many new people join the bitcointalk forum.

[tegarp90]

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.

Offline wallet.
Always have an offline wallet if you think you're a whale.
Because hackers target is not the one who has only less than 1 bitcoin, their target is the whale that has more than 10 bitcoins

[Taki]

Like a year ago it happen to me that I was scammed with unrealistic offer. I saw a suggestion on the forum to buy iPhone with bitcoin, which in turning to dollar was pretty cheap. So I sent coins and got nothing. I think this point should be placed on the first position in the list.

[insurgent]

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.

Its nice to see some useful advice like this in this forum. I was scammed before and that was the bad situation I have ever experienced. Thats why this information is such a great help especially for newbies.

[Cybedscaud]

Thanks, very valuable topic, I've encountered 2 scams already.

[Merkle_Tree]

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.

Its nice to see some useful advice like this in this forum. I was scammed before and that was the bad situation I have ever experienced. Thats why this information is such a great help especially for newbies.

No. 2 is hard to quantify but still we can base on other users review with that entity.

[xysheeh03]

This post is good and we should be aware of this type of scams specially that the scammers are sending a phising sites, be carefull to log in your wallet and accounts in this fraud sites. And also scammers are sending you private message through your email address and the website they send seems like a real site, but it is a phising site, a scam. So, beware guys.

[dillema018]

If you are to be scammed in your fate, you'll be scammed no matter how many articles you put in your head!

This kind of topic will helps you, because of very informative post that will helps to a lot of newbies here in crypto world. You should not just put it on your head,  just live with in the useful information like this. Scam is everywhere and phishing site, email or links in crypto you need to be careful and be knowledgeable person.

Yes I agree with you , it will help the people in this community especially the newbie and the people who are new into crypto, There are so many people outside the forum who are using bitcoin as a source of income without fully understanding its purpose, they become scams and many people are looking down to bitcoin because of those people.

[zhopas]

This thread is a good and important thing that you should know for you to have safety and be aware on everything that might happen. So I think there's a lot of opinions and facts that really helps your life, bitcoin life rather more easier.

[paulwdc]

This post is really good for newbie who are planing to enter in crypto world also some security necessary for our crypto funds we need to use two factor authentication for login and withdrawals also we can use OTP based transactions,never share Ur primary email with everyone, if we are investing big amount then use hardware wallet for secure our cryptocurrencies,always do deal with trustworthy person because crypto transaction is not reversible.