5 Ways to Avoid Bitcoin Scams

[jademaxsuy]

All in all it is so hard to avoid bitcoin scams unless if you will not entertain people offering you something that is great that would relatively will let you fall for it. Other scam activities fall in to investing ICO projects that are certainly some of the team doing and promoting the project are fraud.

[deppil]

-snip-

I love what you’ve said about the phishing sites in which the most scandalous issue on why most of us become victims of this scammers and hackers

We must be aware about the phishing sites in this are as so many of people in cryptocurrency lose millions of dollars because of this and hope from this thread people will learn how to prevent from becoming victims

You right. this type of theft method often happens. be careful with emails that contain a site like blockchain, coinbase or other wallet sites, they create replica sites by sending emails and saying that you are required to verify in that site's replication, when you fill email+password login. they already get your account

[Nick Abimanyu]

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.

That's right, there have been too many modes like this milling about in the internet. The as if will give us big profits. And scammers it's no longer ashamed to spread their operations in various social sites, from facebook, twitter, youtube and other networks. As a result, there were also many ill-fated investors because the money they invested had disappeared.

[bitfocus]

These are some very basic but effective steps and has been posted many times on this same - but I feel, no one wants to study these days.

[mithon2017]

actually, it is very difficult to say right way to avoid Bitcoin scam. it's depending on your skills and on your experience be about Bitcoin. you should, always be careful on your, wallet, on your PC or phon. before new joining new project you should check it.

[Jamjamz30]

Thanks for sharing this method, Even though I've seen a lot of topic about this but there are some members here who didn't know these methods on how to avoid in a scam project which coming out to the internet.

Indeed, even the old timer in this forum as well doesn't know how to trace scams sites, phishing site, or etc.  This, is for the awareness for everyone of us here also. Then, as long as the scammers see that there is a lot of people who are lack of knowledge a victim will always be there , so better be careful at all times since that we are in this business..

[tayogpanganiban]

You need to secure a strong private key.Do not give your password to anyone.Do not click link that is suspicious.Do not forget your password.Be careful of the scammers.

[yamete kudasai]

There is many ways to avoid bitcoin scammer not only 5 but many more ways . But the most important to know of how to avoid scammers is to know your people that you face and inspect or observe his movements, speaking or in chat .

[Kallipso]

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 think that all the governments of the world are so interested in the crypto that they will now do everything possible and depending on them that the crypto, especially bitcoin, will not grow in price anymore.

[Jocuserious]

Really well and helpful topic but I have catching number 3 in my mind absolutely we know many Phising web page in the internet world it the mostly problem and anything can be hack our account.so we are need focus and looking real web link then click it. So don't click haven't understand Phising web page.

[Daboy_Lyle]

I also created this topic long time ago. [GUIDE]How to avoid scam?
Avoiding scams is the part in having a life with crypto. Scammers is part of the crypto world. They are the person who losses funds or want to earn money in easier way. Just be careful when getting a deal with someone, much better if you uses escrow service to make it sure that is safe.

[Amevalentine]

1. Don't use your original
2. use the application to secure accounts and so on.
3. see the facts and the news whether fraud or not
4. use the iphone to secure the account
5. hurry and be aware of yourself

[ngalamunan]

Currently, several online services have been created to detect fraudulent websites and services. Badbitcoin.org is an example. This is considered a trusted site, which provides a full list of fraudulent or verified frauds. Another service on @thatsascam on Twitter is also quite useful. This is a bot that detects spam. These bots check those virtual tracker accounts based on the retweets rate. Take advantage of such tools to minimize the risk of fraud.

I think the way to avoid hackers is to Know What You Are Facing, Avoid Unrealistic Offerings, Beware of Phishing Web Pages, Beware of Fake Digital Wallets, Beware of Bitcoin Steal Malware, Be Careful of Ads from Google, Separate Daily E-Wallet Computers from Computers.

[samuraijin]

Currently, several online services have been created to detect fraudulent websites and services. Badbitcoin.org is an example. This is considered a trusted site, which provides a full list of fraudulent or verified frauds. Another service on @thatsascam on Twitter is also quite useful. This is a bot that detects spam. These bots check those virtual tracker accounts based on the retweets rate. Take advantage of such tools to minimize the risk of fraud.

I think the way to avoid hackers is to Know What You Are Facing, Avoid Unrealistic Offerings, Beware of Phishing Web Pages, Beware of Fake Digital Wallets, Beware of Bitcoin Steal Malware, Be Careful of Ads from Google, Separate Daily E-Wallet Computers from Computers.

I think this is an experience that can secure your bitcoin from hackers, if all have the experience of protecting your bitcoin, chances are you will know things that smell like fraud, it's just that new players might need guidance on how to maintain their bitcoin, so not easily stolen or fooled by irresponsible individuals ...

[bitcrypt_09]

If you want to avoid scams then get AML BitCoin. AML BitCoin rests on a privately regulated public blockchain that facilitates AML-KYC compliance and identifies criminals associated with illicit transactions while maintaining and strengthening the privacy protections for legitimate users.

[Emilyp]

Those are well elaborated points but I will add that people take care of their wallet with the utmost care and protection because scammers are not relenting in their quest to catch you off guard.

[jcmansah7]

Well thanks for the elaboration i hope other forum members would heed to the advices shared in this post so that they don't fall to prey to the schemes of some hackers because the activities of these hackers have made bitcoin investment quite unattractive some potential investors.

[coinnumber]

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.

This points are very useful most especially to the beginners because I know for sure that most investors are already aware of all this investment precocious. In addition I will advice that we should also learn to avoid be greedy looking for huge profit is mainly the cause why scammers do succeed.

[lebowski75]

Scammers invent so many ways to trick crypto investors. Probably I should create the new topic and tell about my own experience.

[jtrapirap]

Thanks for this very informative tips and guides on how to be secure and safekeep your assets on crypto mate. Scams, fraud and phishing are usually rampant on giveaways and crypto airdrop programs nowadays. This is there strategy to lure people to engage on their fraud acts. The usual victims are the newcomers on crypto. Thats why it should be mandatory for the newcomers to make their own research and study on how blockchain technology works and how to be secure in this technology.