Be carefull Newbies! Fake Promo-code scams

[Anish02]

Scammers are really clever nowadays, if you're just clicking before thinking then you might fall for this. Newbies should always keep this advice; If its to good to be true then its probably not true. Always be wary and cautious when a platform, offers you easy quick earnings by depositing something.

Nowadays, scammers are making use of different ways to scam people, and especially newbies got into it. Due to that newbies make research and after getting assurance then move ahead. Otherwise, a lack of research can get you into the trap.

[NelfiNovita]

If it asks you money to deposit, get out of there quickly. There are certain promo codes with requirements and they are very vocal to say the minimum amount you had to deposit or use it trading in their platform.

There are so many scams on social media and in the crypto currency world so we have to be very careful. I have also experienced fraud, I got a gift of 1 BTC from someone else then I was asked to send ETH first to his wallet address, I started to suspect and wonder, why should I send ETH first while I will be given a gift, in my mind this is a scam. I ignore the gift and then I do my other work.

[online73]

This is a common fraud scheme, I am very surprised that people still fall for this. Warnings are heard from almost every "teapot", but every person believes that it is "he" who is the smartest and that he will not be deceived. But scammers "do not sleep" they are always one step ahead of us - old schemes die, new ones appear. It's good that there is this forum where people tell different situations. Newcomers to the cryptocurrency community especially need to be careful, since blind faith in the "miracle of Bitcoin" and that they will not be deceived here will not lead to anything good. It is in the cryptocurrency space that there is a huge amount of unaccounted money and a huge space for rampant fraud. Therefore, - take care of your money, do not give a scammer-slacker a chance to disappoint at least one fan of the cryptocurrency community.

[imstillthebest]

wait what ? exchange with a roullete game ? or you mean to say its a gambling game because gambling game are mostly the one that gives promo codes and free coins to try and test thier websites but exchange dont usually offer free coins  and they dont also offer gambling  . its nice that you detected them easily , you are absolutely right . its a scam when someone force you to depo more although bonus coins should be played couple of times before you withdraw them .

[AjithBtc]

Fake exchange promocode as well as scams were getting to be very common as more and more people are getting into the cryptocurrency usage. Newbies at the beginning doesn't have much of knowledge using cryptocurrencies, and that's the reason where newbies easily getting trapped. Whenever one uses a cryptocurrency exchange it is a must to go through the proper channel without connecting through any promocode links or affiliates.

[wiss19]

I have recently signed up on the trust(lol)coin exchange because someone here was saying there was a promocode for a few free satoshis, I redeemed the code and tried to withdraw, it said I had to play atleast one roulette game before i can, which is what I did, and it said I had to deposit 0.016 to prevent abuse from the promo code. This is obviously a Scam!

[siz e=20pt]Be carefull Newbies! don't fall for this crap![/size]

It’s very suspicious, they should have just said the things that are involved before you signed up, it’s good to let you know what you’re getting involved in, not after you have signed up and played a game and they start giving excuses, it’s best for you to avoid them so that you don’t end up getting scammed. And I think what you’re referring to here is a casino? Because you mentioned roulette, so it’s probably a casino.

Majority of the big online casinos I know are following a procedure that is similar to this, but scammers are also doing the same, so it’s best for you to avoid any site that is not popular, and go for the ones that are already very popular.

[CryptopreneurBrainboss]

I think this is new to me, always thought this kind of scam only took place in social media when you get contacted by sime Asian guy to withdraw for you and get certain percentage. I still get this message in their numbers most especially when I join new telegram group. Never knew they have gone as far as creating promotion code to decieve mostly newbie or those wanting some extra cash.

Personal I don't partake in most supposenly called free money in for of promotions code like registration, deposit or even referral. I try as much as I can to stay away from them. I know some are legit and people are making money from them but just to play it safe I decided to stay away. Thanks OP for this awareness.

[nigelk]

Never believes in promo codes there you should deposit something to get more

[Yamifoud]

It could be something like this?



This is a big problem not because if we try to make a search online, you can find a lot of things like these and really interesting to see especially if you are new to this kind of trick. Mostly noobs never think the risk about this but seeing this to be good to be true. No, we can argue that things as obviously scam artwork but can't stop people think an opportunity for them to earn. It is very unfortunate that they never realize it until such time that they had to lose their money.

[Cryptoreflector_666]

I have recently signed up on the trust(lol)coin exchange because someone here was saying there was a promocode for a few free satoshis, I redeemed the code and tried to withdraw, it said I had to play atleast one roulette game before i can, which is what I did, and it said I had to deposit 0.016 to prevent abuse from the promo code. This is obviously a Scam!

Be carefull Newbies! don't fall for this crap!

it is not necessarily a fraudulent scheme. Recently, there was a campaign called Root bat and there, too, in order to withdraw the money that came for the bounty, you had to make a Deposit of one dollar. I did it and it worked perfectly. So check the information - it's not always a Scam.

[pawanjain]

Isn't it too obvious ? But the thing is why would you go after a few Satoshis.
It's not 2013 when collecting few Satoshis and adding them up to make a few dollars did seem like a doable thing.
In this era collecting few Satoshis won't mean anything since all of it would be gone just in transferring them into a different address.
Depositing an amount just to collect withdraw an amount is an obvious scam.

[k@suy]

Isn't it too obvious ? But the thing is why would you go after a few Satoshis.
It's not 2013 when collecting few Satoshis and adding them up to make a few dollars did seem like a doable thing.
In this era collecting few Satoshis won't mean anything since all of it would be gone just in transferring them into a different address.
Depositing an amount just to collect withdraw an amount is an obvious scam.

Of course if you feel like there is something suspecious in a campaign you are joining with, you better stop early before it's too late. We have to be smarter most especially in this time of pandemic because a lot of bad people out there are wandering. They are looking for their victims and studies their strengths and weaknesses in order for them to catch your interests and your trust.

[Zionatin]

Scammers are really clever nowadays, if you're just clicking before thinking then you might fall for this. Newbies should always keep this advice; If its to good to be true then its probably not true. Always be wary and cautious when a platform, offers you easy quick earnings by depositing something.

Exactly mate and if there are something that make them doubtful the best way to keep safe is ask the community,we have plenty of investigator here that will help and assist them in cases like there are a possible scam to happen.

There is no doubt that it is not a scam. I don't trust any free satoshi site except freebitcoin faucet site. Other site will always ask for a deposit when you will try to withdraw your btc. Let's think it is legit but why would I have to deposit 0.016 btc? Why would this much big amount? So, becareful before depositing your hardly earned bitcoin in this such kind of exchanger, websites, faucets, or any gambling site.

or Some is asking for KYC just for penny.

this is an obvious scam that luring newbies and greed people to fall for them,Hope the years are enough to teach cryptonians what is legit and which is scam.

Scammers abuse KYC lots. People misunderstand KYC and scammers use it to seem legit when they really are not legit. They do many different things to try "enforce" that they are the good guys. Many will claim. "we cannot guarantee you a 25% profit but we can a 12% when actually anyone who guarantees you a profit shouldn't be trusted. They will use any excuse to get you to give them your money and any excuse to prevent you from getting back your money. One of the favourite things is they lock your account for "suspicious activity".

[Johnyz]

Never believes in promo codes there you should deposit something to get more

If its too good to be true, then its not worth trying because I’m sure its just a scam. You have to compute if the rewards code is worth the risk especially if you are putting money on that exchange or any particular investment. I don’t usually use promo codes because I know its just a small money and it requires some work, if you really want to get that reward then you must do your research before trying.

[Rafiqul]

Fake exchange promocode as well as scams were getting to be very common as more and more people are getting into the cryptocurrency usage. Newbies at the beginning doesn't have much of knowledge using cryptocurrencies, and that's the reason where newbies easily getting trapped. Whenever one uses a cryptocurrency exchange it is a must to go through the proper channel without connecting through any promocode links or affiliates.

Not only fake exchanges but also some bounty projects are cheating more people especially Newbies with different offers. Because using cryptocurrency doesn’t have much knowledge of Newbies in the beginning; So they can be easily deceived. So I guess promo codes should never be trusted.

[kerjakuat]

I have recently signed up on the trust(lol)coin exchange because someone here was saying there was a promocode for a few free satoshis, I redeemed the code and tried to withdraw, it said I had to play atleast one roulette game before i can, which is what I did, and it said I had to deposit 0.016 to prevent abuse from the promo code. This is obviously a Scam!

Be carefull Newbies! don't fall for this crap!

You should make a research about the exchange first before jumping to try it out. Me personally will do a research before trying any new site cause we dont know what will they gonna be.. A good one or a bad one.. Some of promocode are legit as long as they doesnt as to deposit our own money before to try it out. so it very obvious a scam exchange. stay out be safe.

[budi691]

There are so many scams nowadays with giving away free promo codes and most of all our emailing and giving us a link to "click" that we fall into their trap.
and with this news everyone realizes that the scammers are doing some way to get what they want, so all the more thorough for now to avoid the scammers

[Gotumoot]

Newbie's and those who are greedy are the vulnerable on this type of scams.
They should learn how to know if the site or promotions are just scam.
There are people who would just ignore it and try to gain whatever they have been promised even if it is a high chance of being a scam.

[Lorence.xD]

Thanks for these heads up for newbies, pretty helpful in my opinion. You didn't include the link of the scam site though but there is someone who posted the link so the problem was already solved.

it is not necessarily a fraudulent scheme. Recently, there was a campaign called Root bat and there, too, in order to withdraw the money that came for the bounty, you had to make a Deposit of one dollar. I did it and it worked perfectly. So check the information - it's not always a Scam.

Your case is special one, the number of legitimate sites that do this is outnumbered by scam sites to the point that most people will not trust them no matter how legitimate they are, I agree that doing research is a good move regarding this one but always remember that in crypto space, "free" is a red flag.

[carriebee]

Be careful on joining a giveaway since a lot of scammers lurking around in crypto world. You have to search their site and reviews before joining. Even if they asks you a lower amount don't be a victim of click bait. Though during these hard times people are in need of errands so you have to do some research on the legit site.