5 Ways to Avoid Bitcoin Scams

[Sionsak]

Yes, I do agree with you. But this is very general one and the basic concept of bitcoin scams. This can be helpful for newbies. Bitcoin scams are getting really harsh nowadays. People tend to get scammed easily because they made interface trustable for peoples.

[ghosong]

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 am very happy if anyone wants to share knowledge like this, and honestly it is more useful than complaining about the fall of the market, I was cheated before and that is a bad situation that I have experienced. That is why this information is very helpful especially for beginners.

[btcmaster999]

in online world scams is very common so if you want to do online trading then you must know how to deal with these things, like figure out which are the original offers, and of course avoiding the fake coins are also very important

[maichimoto]

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.

I'm wondering why are you people giving the comments like this. It's not long enough to meet the criteria of signature campaigns and it won't give you higher rank either. weird

[bitcoinhero777]

There is no substitute for your instructions to protect Bitcoin from scamming. I think crypto people should follow these guidelines. Our awareness will protect us. Thank you

[jhongzjhong]

OP statement was all true that we must avoid from a scammer, nowadays scammers are getting smarter and waiting a chance to have a victim and especially they liked people who are the noob that gets easy to fool them. Don't trust the web wallet that was probably the cause of the leak in scamming. The most important thing is you have the responsibility to keep your private key safe which hard to access your wallet from theft.

[cxmyifan16]

Thanks for such detailed explanation on how to avoid btc scams. To my mind, it is necessary to avoid scams and you can do this if you do your best learning how to do this. I think that i will use your tips

[royalfestus]

For the fake digital wallet.
Its always advised that the original myetherwallet should be bookmarked and never try to search to redirect, always use the bookmarked link
Never access through a phish mail or probably a right mail cause it might be in your history and pop up while typing the right address which out of unconsciousness might be used and that could be dangerous.

[BitGunner]

I think that all pieces of advice on how to avoid btc scams are really useful. I think that it is really great to use btc and avoid scams because this is the best way to earn some profit. To my mind, it is better to hold

[Marlo Stanfield]

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.

Anyone trying to sell you on 'earnings' or ways to 'make you money' is probably scamming to begin with. It's the same story over and over again.

[bidadari22_]

I think we need to properly study projects where we think about investing and we cannot accept unrealistic offers.We also need to be careful about phishing and malware wallets.Phishing is the most common attempt by cyber criminals to destroy people's crypto assets.To avoid this kind of fraud it is wise to use secure encryption,two-factor authentication and USB while the user needs to store data.

[chreez]

Honestly, we could wish that it doesn't happen but it does especially within the unrealistic offerings that drives some people to think that such an opportunity as it suppose would never come again but we can do better to avoid getting too excited for such offers

[novikov433]

It is possible to avoid the most bitcoin of the Moshia, but when the news in the road map does not correspond to reality and the market does not react to them, then the fraud takes a completely different scale - trade in fundamental analysis turns into a casino. While the market does not begin to respond to the news of the road map, it is impossible to trade the intros on the crypto currency. Well, trading on indicators is a very bad idea, if you can not understand the volatility in the price, or not.

[pat4cryptoreal]

I will like every one to print out this points and paste it within our reach so that we will be able to meditate on them every day. Almost everyone in this forum have the knowledge of facts mention here but we forget them sometimes when we see some attractive offers.

[Markettoken]

indeed this post is often seen in this forum. but that's good for beginners who don't know about bitcoin fraud so be careful in doing so

[kenmobility]

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.

For number three, phishing websites has been used to dupe or scam many people, they look so real like the intended websites you wanted to surf, i recommend people to be using browser bookmarks, bookmarking the websites that requires vital information that could make some one take your assets is the best, so that whenever you are visiting the website using the bookmark, you will be safe to enter your credentails without being scared.

[Foress]

These type of posts are scattered across the forum but it surely is helpful for the newbies of the crypto market. But still, a lot of people get scammed everyday despite these awareness creating posts. Anyway, thank you for sharing and taking the time to write this post.

[annaso]

Apart from above listed ways I have following few points which we can check to avoid bitcoin and bitcoin based projects:

- Do your own research thoroughly on company, team etc.
- Check a public blockchain where all transaction records are freely accessible
- Go through an open source code base
- what are Core wallet software from which you can send and receive coins
- Is there active and knowledgeable community
- The ability to purchase and trade a currency through reputable and well-known exchanges
- Verify information before taking big investment decisions.

[PDNade]

Very thanks buddy for sharing in wonderful and effective guidelines to prevents hack or scams in cryptoworld now adays many people creating a scams sites or other software and projects also. It's nice to read this guidelines. Hope you will convert to other languages so that many people have awareness of this.

[jhauyejhas873]

That's right, phishing everywhere. And the phishing list seems to be getting longer and longer. Keep your account secure 2FA, using Google Authenticator or Authy at each login. We recommend that you use different passwords for websites and write them all on one sheet of paper, then keep it in a safe place.