Beware of crypto scam

[knowngunman]

I greet una my fellow 9ja people. I Wan offer my little advice and tips on how not to fall victim for scammers. Crypto Don dey among the hot cake for 9ja now wey everybody dey rush into but sadly na so scammers dey use that opportunity dey take rip off crypto lovers wey never get experience.
I wan share some few tips on crypto scam and how to avoid them.
First and foremost, take your own time do research on crypto before you begin. No just rush into it because you see people making it from it.
Secondly, scammers make use of fake project and team in order to scam people of their hard earned money in the name of IDO, Private sale etc and promise to list 10x in reputable exchanges just to attract victims. Don't fall for it. If it's too good to be true, it's probably a scam.

Another method of crypto scam na airdrop. Airdrop dey pay before but it's most likely an avenue to scam now. Run away from any airdrop that request for your seeds phrases or private keys to participate.

And again, crypto no be ponzi where you invest and expect high return within a specify time. Anybody that promises you investment with high return in crypto is a scammer and you should stay away from such person.

Phishing link too dey among the method wey dem dey use scam now. Most of them go send link give u through your social media or ur email, they go tell you make you enter the link and input your details for the link wey dem send. All na lie and trap to steal your coins. Nodey even click on the link you receive from strangers. Some will ask you to connect your wallet address to some websites, no try am dey just wan steal coins wey you get for your wallet.

Last but not least, keep your assets safe and never share your private keys with anyone or any websites offline and online. Also, use stronger passwords for any of your wallet and remember to keep them safe.

Make we all be guided!

[Charles-Tim]

First and foremost, take your own time do research on crypto before you begin.

But to strictly research on bitcoin and crypto scam and know how to avoid them is most important. Also being active on forums, like Bitcointalk would help as you will see many members exposing and bringing up about scam discussion and ways to avoid.

Run away from any airdrop that request for your seeds phrases or private keys to participate.

Some can ask for fee or certain amount of money to be paid before releasing the airdrop, it is a scam.
Also to be careful of phishing attacks. Avoiding KYC airdrops. Although experienced people are able to spot phishing attack easily.

And again, crypto no be ponzi where you invest and expect high return within a specify time. Anybody that promises you investment with high return in crypto is a scammer and you should stay away from such person.

There are some ponzi scheme, and pump and dump crypto projects.
Avoid strangers generally. Also know that a stranger may lure your friend or family member and the person may indirectly introduce you to scam.

Phishing link too dey among the method wey dem dey use scam now.

This is very important, to avoid phishing attempt. It can be through email, text message, social media, online sites or even through call. They are easy to know but newbies fall for it.

[Cantsay]

I wan share some few tips on crypto scam and how to avoid them.
First and foremost, take your own time do research on crypto before you begin. No just rush into it because you see people making it from it.
Secondly, scammers make use of fake project and team in order to scam people of their hard earned money in the name of IDO, Private sale etc and promise to list 10x in reputable exchanges just to attract victims. Don't fall for it. If it's too good to be true, it's probably a scam.

True, the major why you will see people still investing in a project after some red flags has been detected is because of FOMO, and that has also made newbies and even some veteran limit how indepth they do their research.

And again, crypto no be ponzi where you invest and expect high return within a specify time. Anybody that promises you investment with high return in crypto is a scammer and you should stay away from such person.

I nor really get watin I wan talk concerning this one, but i believe say nah those people  when dey look for how them wan take make 1  million naira with their 10k nah those kind of people they fall for this ind of trap. As a human you suppose know say some kinnd of things dey when nor just fit happen, how person go see project when they promise them returns when dey almost impossible to get and them go still invest in am. Greediness if you ask me.

Phishing link too dey among the method wey dem dey use scam now. Most of them go send link give u through your social media or ur email, they go tell you make you enter the link and input your details for the link wey dem send. All na lie and trap to steal your coins. Nodey even click on the link you receive from strangers. Some will ask you to connect your wallet address to some websites, no try am dey just wan steal coins wey you get for your wallet.

For those when never still understand how to identify and avoid phising links i go advice una to check out this thread; [GUIDE] Use this for identifying Scam/Phishing Websites & Exchanges in Crypto[/quote].

[sokani]

Another method of crypto scam na airdrop. Airdrop dey pay before but it's most likely an avenue to scam now. Run away from any airdrop that request for your seeds phrases or private keys to participate.

First, I go like thank you for bringing this for the notice of people wey dey new to crypto here. This airdrop scams dey come in different format. I remember some years ago when I bin dey really new to crypto and the organisers of the project come dey demand for ETH to use as gas to send their token to airdrop participants, many persons fell for it. Las las after everything dem send the worthless token and abandoned the group.

Phishing link too dey among the method wey dem dey use scam now. Most of them go send link give u through your social media or ur email, they go tell you make you enter the link and input your details for the link wey dem send. All na lie and trap to steal your coins. Nodey even click on the link you receive from strangers. Some will ask you to connect your wallet address to some websites, no try am dey just wan steal coins wey you get for your wallet

Phishing links na something wey we suppose dey careful of. Make we no dey click anyhow links. Sometimes this scammers go clone a particular website and send you juicy promos or offers wey dey very tempting. Make we no allow greed to allow us make costly mistakes. Make we dey try to always dey the right project groups and get information from the right sources.

[Merit.s]

Avoiding strangers and strange messages through email and SMS will help one a lot to stay out of scammers,this will enable you escape their phishing strategy. Recently, I saw a link sent to me by SMS,and I was like which link is this,I remembered the advice on forum here about scammers. Immediately, I deleted it. These scammers will keep on trying until they get their victim.

[Amphenomenon]

One of the most common phishing scam in Nigeria is done in WhatsApp and that is Sporty bet adder, any investment or update from an unknown person from WhatsApp are scam. WhatsApp has been the most common social media for scam in Nigeria lately but is only greedy Nigerians that would fall like the WhatsApp TV that would post send 5k to get 10k.
Lastly, never try buying cryptocurrency or anything from those WhatsApp vendors if you don't really know them.

[Cantsay]

Avoiding strangers and strange messages through email and SMS will help one a lot to stay out of scammers,this will enable you to escape their phishing strategy. Recently, I saw a link sent to me by SMS, and I was like which link is this, I remembered the advice on the forum here about scammers. Immediately, I deleted it. These scammers will keep on trying until they get their victim.

Not only strangers but also cross-check links sent to you by people you know might even be one of your relatives because you never can tell if their account was hacked or not so to stay safe just go through the link if it's a counterfeit then avoid clicking it or if you feel the need to reach out to the person through a phone call to confirmed if they were the ones that sent you the link and if it turns out that it wasn't them then you can also inform others to stay clear from messages sent by that account.
Remember; hackers can attack at any time so you should never let down your guard.

[sokani]

Not only strangers but also cross-check links sent to you by people you know might even be one of your relatives because you never can tell if their account was hacked or not so to stay safe just go through the link if it's a counterfeit then avoid clicking it or if you feel the need to reach out to the person through a phone call to confirmed if they were the ones that sent you the link and if it turns out that it wasn't them then you can also inform others to stay clear from messages sent by that account.
Remember; hackers can attack at any time so you should never let down your guard.

You are right. Sometimes it might be from friends and family members. That was how a friend of mine unknowingly sent me a phishing link on Whatsapp to register for Npower. I quickly noticed it, drew his attention to it and asked him to delete the message from the DMs of the persons he has sent it to and also warn them not to click the link.

[Agbe]

Op this not a new thing in the forum, and and in the local board. This were the things that also led to the phrase. "No be ur keys, nd no ur fund". If I look well sef dis ur thread sef look like na spam. But di truth be say, because weti u tok, nai make piple dey sae make no give our seed phrase 2 piple wey we no trust. Because dem fit use am collect all our money dem finished. But di thing wey u tok go help di new piple 4 we board if onli dem dey ready 2 learn.

[Cryptomultiplier]

Even if I this post be like remake of one wey we don see for this forum before, e still no take away the warning and message wey e carry.
My question is this, what if the link asked to click on is from a friend asking for you to register on a site? How do I confirm if the site is legit and not for scam purposes?

I have thought of using a separate mail address from my Binance apps and other crypto apps I use, but I fear if the email can be coined and remodelled to penetrate my accounts.

[Mr.suevie]

Even if I this post be like remake of one wey we don see for this forum before, e still no take away the warning and message wey e carry.
My question is this, what if the link asked to click on is from a friend asking for you to register on a site? How do I confirm if the site is legit and not for scam purposes?

Omo guy anything referral from somebody just avoid am because this country and not just only this country the world at large scammer don take over everywhere but we don into the whole crypto system supposed identify all this scam uodates from this menhh dem, scammer dey always dey target people wey their curiosity dey always get ahead of them because some people dey say make i try am first to see watin sup and na there the thing go take purge you because you no go know where the attack dey come and before you go come realise, everything don already play finish for your eyes and na only regret you go regret so in all just avoid any suspicious looking mail or message about Registering in any website.

[Belarge]

Thanks op your tips and guildlines are really helpful, I must confess anyone that reads and abides by this tips might never fall a victim of scam,
But I must add this in as much as we need to keep our passwords and other personal important details secret, but we should try to speak to members we trust about any link been sent concerning crypto, ask questions about anything we don't understand, not everything should be kept a secret because it's not every link or everyone on crypto that's a scammer, some link might be real and some people are real too, that's my little advice, ask questions make thorough investigations before conclusion, don't miss good opportunities just because you are scared of scammers..

[Hyphen(-)]

Secondly, scammers make use of fake project and team in order to scam people of their hard earned money in the name of IDO, Private sale etc and promise to list 10x in reputable exchanges just to attract victims. Don't fall for it. If it's too good to be true, it's probably a scam.

This happens even to people who have previously invested in cryptocurrency if they do not conduct adequate research on the project team, their road map, and their genuity. Just because some projects do more than 10x as soon as they are listed does not mean that others will also have such pumps if it is a legit project, while some projects are fake, they are only there to get the early investor's money and move on, we need to be very careful on the projects we invest in.

Another method of crypto scam na airdrop. Airdrop dey pay before but it's most likely an avenue to scam now. Run away from any airdrop that request for your seeds phrases or private keys to participate.

Airdrops na one of the easy way for scammers to get people wey dem go scam because we too like free things, na why scammers they use the airdrop to get some of our vital information to do their job.
Most times, people go tell you say them make am through Airdrops which is a past glory because 99% of Airdrops now no de pay, instead they waste your time and still look for way to scam you join.

Last but not least, keep your assets safe and never share your private keys with anyone or any websites offline and online. Also, use stronger passwords for any of your wallet and remember to keep them safe.

Make we all be guided!

Privat key na like our bank ATM pin, if you share am with person wey u no know, them go still your money for bank; therefore, we need to they keep our private keys safe so that our Bitcoin go de safe too.

[Davidvictorson]

And again, crypto no be ponzi where you invest and expect high return within a specify time. Anybody that promises you investment with high return in crypto is a scammer and you should stay away from such person.

Lol, I know say for Naija we don already dey used to Ponzi schemes both the ones wey show us shege and the ones wey wey cash out big time. atahe truth be say dem still dey exist in one form or another and as e be so right now eh, anybody wey fall for any so call crypto ponzi scheme right now na reali Johnny Just Come(JJC).

Phishing link too dey among the method wey dem dey use scam now. Most of them go send link give u through your social media or ur email, they go tell you make you enter the link and input your details for the link wey dem send. All na lie and trap to steal your coins. Nodey even click on the link you receive from strangers. Some will ask you to connect your wallet address to some websites, no try am dey just wan steal coins wey you get for your wallet.

We sabi this one wella na even sef. Aside crypto we know say scammers dey wey call us well well for phone. Dem go tell us say, dem be from so-so and so bank . Say dem go send us code blah blah blah. Some pipo do still fall for this one too. Na so e be even you dey watch all those YouYube videos and you go see  some pipo dey comment say " I can't believe how much our lives have changed since meeting Marcia Ann Bice .She’s  helped us become debt-free and save for retirement." | made over 220K during this dip, which made it clear there's more to the market than we average joes know. Having an investment adviser is currently the best course of action, especially for those who are close to retirement". If you follow dem talk na you sabi. Dem go chop you.

The long and short of this be say make all of us shine our eyes.

[CryptoHeadlineNews]

These are very good points you listed above mate on the basic tips how to identify a crypto scam, and I think this should be a must read for all crypto newbies on and off this forum, as it acts as a guide on how to staying safe and not losing our money to scammers. Because one thing about scammers is that just as the day goes by so are they improving on their scamming method to be able to successfully scam people off their funds, and that's why we crypto users need to take proactive means so as to protect our funds and invest only in Bitcoin and no other cryptocurrencies that may seem very promising at it's early stage.

[Asiska02]

Another method of crypto scam na airdrop. Airdrop dey pay before but it's most likely an avenue to scam now. Run away from any airdrop that request for your seeds phrases or private keys to participate.

In some cases like this one, some projects go ask you to connect your wallet to some kind of site they created for you to redeem rewards or get your coins. Don’t connect your wallet to any site that is not reputable, even though they attract you with good offers. It’s very dangerous and you might lose all your coins in that wallet.

And again, crypto no be ponzi where you invest and expect high return within a specify time. Anybody that promises you investment with high return in crypto is a scammer and you should stay away from such person.

Cryptocurrency is not a Ponzi scheme and getting high return on investment is not guaranteed by anyone, not even the system that designs it. If you invest into it, is as though you’ve made up your mind to face the outcome of the investment whether profit or loss.

[SmartGold01]

Already we knows how the industry looks like,  is not like any other place where your investment is guaranteed or secured because investment that follows with cryptocurrency is pron to a higher risk why because there's no one or institution that could stand for your investment. Then I would love to say we should try our best abstain from over hyped projects they mostly comes with scamming intentions or even wanting to lure more investor of borrowing money to invest in their project due to fake promises, the only way to invest is just go directly to one of the reputable exchange and pick any coin you know that worth investing than just wasting our resources in the name of joining the early bids.

[CryptSafe]

As an investor whether a newbie or not you should know that the first thing you do upon investing in a project is to do a research on that project to know the team behind the project not just the team, finding out if truly the team they claim to be are genuine or aware of the project just as you have said that most of the team members are just fabricated to get at unsuspecting participants to scam.

Connecting of your wallet to a site which you have no knowledge about is dependent of you. If you choose to connect the wallet with your funds then it is left for you because as a smart investors you should know that creating a fresh new wallet should be the option.

[Techguysally]

My boss i salama for you for this quick reminder about crypto scammers, make I share short story about my guy wei fall victim lately,it’s been a while i no hear from my guy I con hala am hwfr 2days, my guy begin de yarn me tori say dey done scam ohh all him life savings otilo, say person just push am link for him Binance app na so him click account just went zero say him no no how e take click am weda na charm de person use, as you talk am earlier before person go into investing for any project e need to make time go research well about the project dis message goes to everyone especially newbie wei just enter into crypto world. My boss Thankyou for this quick reminder really appreciate.

[Agbe]

Lol, I know say for Naija we don already dey used to Ponzi schemes both the ones wey show us shege and the ones wey wey cash out big time. atahe truth be say dem still dey exist in one form or another and as e be so right now eh, anybody wey fall for any so call crypto ponzi scheme right now na reali Johnny Just Come(JJC).

I dey tell you. Me I no fit tok anything again for Ponzi Scam again. 2day I stacked one guy wet dey use Jumia dey scam people on Facebook. I corner am to whatsap and insulted him well. Those people wey dey Facebook make una dey very careful with any ads advertisements and products. Do scamming rate dey increase day and night. For crypto dem dey use telegram.