5 Ways to Avoid Bitcoin Scams

[artaks]

Actually this is really helpful for us based on this five step will helpful for us also for newbie’s it will be great lesson for them. I think it will be helpful for everyone.

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[Hozaim]

Actually These five lesson is really helpful for us based on this people who are actually new in market they will get more benefits from here based on this we should follow this but most of them knows this actually.

[Eatund79]

The rate of Bitcoin scams are increasing day by day. This post will specially help the beginners to avoid scams. We need to study properly the project on which we are thinking of investing and we must not accept unrealistic  offerings. We also need to be careful about phishing and malware wallets.

[Wall_Streeet]

the easiest way to protect your coins is to keep them on a cold wallet. and no matter what sites you visit)

[Reid]

Why is it that when I summarize them all it is like saying to just centralize it for security purpose.

The essence of having a decentralized coin or token is gone. There is no room now to tell which is true or not.
International investing. How could we visit their office if we are a country away from them?
Just relying on what they say in social media wont be enough. Going deeper in taking more information from them will be a video call only. Take a screenshot and maybe ask who the person really is.

[valisa]

And i recommended to use operation systems, like mac os or ubuntu, because windows subject to virus attacks much more than the above. I use mac os more then 2 years and didn't get any attack.

I think it doesn't matter if you use Windows, as long as we use antivirus and also always update the windows that we use, the most important thing is always to use the maximum available security such as Google Authenticator for accounts in exchange. and also use 2-step verification for email for email account security

[adzino]

All points you have mentioned are basic common sense. We should be aware of what is going on in the market and keep our self updated in order to avoid us being scammed. Suppose a coin turned out to be a scam coin. We will see people rushing over to dump their coins in order to reduce loss. People will tell lies and do anything to sell their coins to random victims. The main point is, if anything sounds too good to be true, then there is actually something very fishy going on!

[Emence]

Yes, these 5 steps should act like a words ins tone, because if we budge from even one of them, it might cost us our precious coins. Thank you for this post and making it so thorough and clear.

[batang_bitcoin]

Include also those cloud mining and high yield investment programs (HYIP). Those scam investments that are giving guaranteed high return, avoid them at all cost.

Theres also another scam in our local, they tell investors they will become better than bitcoin. But they are distributing their token that aren't listed on any exchange.

Avoid those investments that are giving you the words that they will be better than bitcoin.

[xena2]

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.

we all get scammed because we are not knowledgeable enough. For us to avoid being a victim,  learn,  think,  ask and read those ways to effectively  manage the situation.

[kotajikikox]

The thread you can post are clearly they help for those people want to invest in bitcoin without pattern or guidelines ideas to avoid scamm, but for those people had already knowledgeable about bitcoin or cryptocurrency they should knows how to handle their investment strategist.

[CripplesPlazma]

Frauds are everywhere and scams are increasing in the Bitcoin platform as well. There are five ways to avoid the bitcoin scams. First, you must know what you are facing, avoid offerings from online platform that seems unrealistic, beware of phishing web pages, beware of fake digital wallets that often appear online or mobile app store and beware of bitcoin thief malware.

[Spontebob]

And i recommended to use operation systems, like mac os or ubuntu, because windows subject to virus attacks much more than the above. I use mac os more then 2 years and didn't get any attack.

This is very helpful. One thing newbies should keep in mind is, in order to prevent being scammed, tricked or what is to conduct basic research about certain topic or things they are unfamiliar with. Learn how to observe and learn about the background of the thing you’re investing on.

[Magkirap]

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.

We all know that scam is already happening before in bitcoin until now. I think having some basic knowledge about bitcoin can help on how are we going to avoid scammers. This information is very helpful to us and especially to those begginers. We nees to be aware on everything .

[krishnaverma]

One of the most common thing that all scammers use are fake screenshots. They take screenshot of crypto earnings from other people, post it on social networking websites as their own and then scam them. Some people still fall for all this.

The easiest way to remain safe from all this is not to buy any service or course related to cryptro. There are enough free resources on crypto to start with.

[rahimali]

It’s should be helpful article because scams is a common problem now a days. So, If it’s reliable article that should be help to avoid scams.

[fianaindriati]

It’s should be helpful article because scams is a common problem now a days. So, If it’s reliable article that should be help to avoid scams.

the existence of this solution is enough to help all of us, because there are also many people who do not know how to deal with fraud which is increasingly rampant. because it's also quite difficult.

[alinalovedoogie]

These five points are really helpful and will benefit newbies who are interested in various transactions for making a gain in the market, I assume. Scams have increased and we should always be cautious.

[pempek19]

It seems like I have read this article from a site, and I admit that the usual mistake is not being careful in storing private keys.

I see lots of accounts without owners out there.

For phishing sites, it is common for some users who do not pay attention to the sites visited, very many users are caught up in this problem.

[zinson01]

5 ways of avoiding bitcoin scam from my point view at first we need to set up strong password for our bitcoin wallet . then second we need to keep tabs when we are purchasing bitcoin, then third we need to understand the underlying technology of cryptocurrency. Fourth we don’t have to follow all links using bitcoin we need to be careful and fifth we need to concern about the google publicity it will be helped to not be scam.