How to prevent fraud?

[Cootie]

It is hard to spot fraud nowadays. They became wiser and more strategic. They seems to be organized and can look like or even better than the legit ones. So everybody must be extra careful. If possible, never miss a detail about it. Sometimes we became comfortable when we were convinced that a project is legit. Fraud don't look like fraud in the start. But it will eventually, So we have to watch out time after time.

[laredo7mm]

It is hard to spot fraud nowadays. They became wiser and more strategic. They seems to be organized and can look like or even better than the legit ones. So everybody must be extra careful. If possible, never miss a detail about it. Sometimes we became comfortable when we were convinced that a project is legit. Fraud don't look like fraud in the start. But it will eventually, So we have to watch out time after time.

From the initial preparation and also the mechanism indeed already has the intention to commit fraud. and this is what is happening nowadays where most projecks are a scam due to that. we ourselves as investors must be more careful when interested in investing. not arbitrary in putting money into investments with high profit offers

[BronxCats]

You can't really avoid it. Even if you're a person with a high IQ it's just impossible to plan for every possible way that you can get hit. Experience helps a lot, but in order to gain that experience you have to be a victim.

trading requires very high patience because if you can't control the patience you have then you will often experience a lot of losses and all you have to remember is that trading has a very high risk.

Well, I think the topic is more about fraud, not actual trading. There's no fraud in trading. It's just right and wrong decisions.

[mirakal]

You can't really avoid it. Even if you're a person with a high IQ it's just impossible to plan for every possible way that you can get hit. Experience helps a lot, but in order to gain that experience you have to be a victim.

trading requires very high patience because if you can't control the patience you have then you will often experience a lot of losses and all you have to remember is that trading has a very high risk.

Well, I think the topic is more about fraud, not actual trading. There's no fraud in trading. It's just right and wrong decisions.

You are right, manipulation in trading cannot be called as fraud, as a trader we should be aware of that so we can make the right decision.
Trading is like gambling, you don't look only on a limited factors, there's a lot of factors to look, and that includes price manipulation which is hard to guess by looking at the graph alone.

[Wallflower28]

This is a will write up information about fraud and I really learn alot from this information.  I have see fraud in all facets of endeavour and people in authority are really the best fraudster.  From government agencies to public office holding we see a lot of fraud daily and I think since some of them has fraud investigating agencies in their pockets it very difficult to find out and prosecute them.  Follow your recommendation I think it is best we have a system that makes it difficult for people to commit fraud and scam.

It is not easy to prevent fraudulent acts yet still there is a chance to avoid them. Cryptocurrency is full of scammers and hackers. If we are too ignorant or not a speculative person, we are more likely to engage in frauds. Some of ICO projects is one of the example that we will always experience frauds. Even we are investors or bounty hunters, we always deceived by this fake developers.

[Nellayar]

Fraud, scam and hacks; those are the primary crimes happening in this industry. I do not know until now, many people are still experiencing of a scam. We should be preventive. Do not easily attached with strangers. That is my motto! Because even that stranger came to my native country or region, he still have the opportunity to scam me. They just pretending to be humble person at first then they will block us later. I thank God because until now, I do not yet experience to be scammed in money but in bounty, I experienced many times.

[Spaffin]

If we are talking about hackers, that we should be more attentive to our personal data and not transfer them to anyone, In addition, the storage of keys, as well as the creation of passwords should be very serious in format.  Regarding fraudulent projects in the cryptocurrency market, I would like to say the following that without legal control of the market it will be very difficult to get rid of this problem.  Initially, each project must be registered with state institutions, and then we can legally protect our rights.

[reality18]

The only major way to prevent fraud in crypto is to stay alert and become ones own security because there are no softwares or programs to check that for investors and traders. Refrain from enticing offers sent to mails from unknown sources because these mails may be containing files which can be phisphing.

[goldenbitC]

against fraudsters need to take tougher penalties, I doubt that a person will want to commit fraud, if he knows that it can be put in prison for the rest of days. I hope that such laws will be adopted in the future. then the world will be better)) 

[Maslate]

against fraudsters need to take tougher penalties, I doubt that a person will want to commit fraud, if he knows that it can be put in prison for the rest of days. I hope that such laws will be adopted in the future. then the world will be better)) 

It is expected that in the future crypto will be regulated, otherwise we won't be able to use it anymore because they can also ban this if they cannot regulate since there's a big interest among users already and without regulation this illegal activities cannot be controlled.

[Dobolen]

Fraud is an old problem. And this until now is very difficult to eliminate. I think security is the main thing to store digital assets. I am always cautious about doing things and not being easily tempted with results that are of great advantage. I am grateful that until now have not experienced any fraud that made me lose a lot of money.

[Dodoymabs]

Fraud is an old problem. And this until now is very difficult to eliminate. I think security is the main thing to store digital assets. I am always cautious about doing things and not being easily tempted with results that are of great advantage. I am grateful that until now have not experienced any fraud that made me lose a lot of money.

Yes, the best way to prevent various types of fraud in the crypto world is to never be tempted by the desire for quick and big profits, but we must be good at researching the invitation, because in the world of Cypto there are a lot of fraudsters, so you have to be careful.

It's hard to prevent fraud due to a fact that people have different issues. We can't deny it because even we already issued a warning, some will always doesn't follow rules. This is how life works, there is always a victim and nobody can stop it in 100%.

[Natalim]

I think authenticator or OTP (One Time Password) will prevent little on fraud activity it is possible to use in crypto and it will develop a huge impact on it and other crypto exchanger implement on these there a small changes that could illegal activity will happen.

This is just part of the security measure in your account in a certain exchange, but when the exchange is a fraud and you put you money with them, that authenticator is just useless. What we are talking here is the entire fraud scenario that is happening within the market.

[samputin]

Fraud is an old problem. And this until now is very difficult to eliminate. I think security is the main thing to store digital assets. I am always cautious about doing things and not being easily tempted with results that are of great advantage. I am grateful that until now have not experienced any fraud that made me lose a lot of money.

Yes, it may be an old problem but is still present up to this day. And since we are now on the digital age, of high technology, even the wrong-doers are already tech-savvy.  This should be a warning to everyone to be careful in there personal belongings, especially when it involves money. Never let your guards down and always be cautious.  

[Spaffin]

It seems to me that at certain points it is not difficult to punish a fraudster, but we need to think about how to prevent fraud or how to protect our personal data, secret keys, passwords or funds from loss.  At the moment I do not see any way out of this situation, since each of us is still at risk, even if he takes the original precautions.

[wxxyrqa]

It seems to me that to work in the cryptocurrency market you need to have a separate device from which you can not visit any other resources, except to have original links with bookmarks to the resources that you use.  This is to save you from visiting phishing sites.  Even Google search needs to be carried out on another computer or smartphone.  Leave your work computer just for work.

[hahay]

It seems to me that to work in the cryptocurrency market you need to have a separate device from which you can not visit any other resources, except to have original links with bookmarks to the resources that you use.  This is to save you from visiting phishing sites.  Even Google search needs to be carried out on another computer or smartphone.  Leave your work computer just for work.

It's also a good step or way, but we can't conclude that everyone has a separate device to work in and enter a new link or whatever. So, by using a device that is basically only for personal and as long as you are always careful I don't think it is a problem. Avoiding or preventing fraud depends on the mindset and greed that exists, if it can be controlled properly I am sure it is the basis that at least must be possessed so as not to be fooled.

[Barbut]

This is useful if employees are stealing. In my country, the chiefs themselves first steal. And they have all the arrangements with the law.

It's the same in my county, rich people are getting richer, usually the politicians of the ruling party and their families and close friends. I don't know what needs to happen for that to stop, cause it last like forever. Scheme is the same, just new names are on the paper, I think I will not vote anymore.
Frauds will never stop, at least I don't see the wns of them. Maybe with some new system we can have less frauds, but who can five any guarantees about that, we can just hope for the best.

[Findingnemo]

This is useful if employees are stealing. In my country, the chiefs themselves first steal. And they have all the arrangements with the law.

It's the same in my county, rich people are getting richer, usually the politicians of the ruling party and their families and close friends. I don't know what needs to happen for that to stop, cause it last like forever. Scheme is the same, just new names are on the paper, I think I will not vote anymore.
Frauds will never stop, at least I don't see the wns of them. Maybe with some new system we can have less frauds, but who can five any guarantees about that, we can just hope for the best.

Skipping your vote will give better chance for the fraudsters to rule again,so in democracy everyone have to vote which could make the difference at some point not immediately.

[davidbagga2]

Don’t believe your caller ID
Spot imposters
Do online searches
Don’t pay upfront for a promise