How to avoid bitcoins and other crypto fraud

[Plan well]

Avoiding fraud in the world of Bitcoin and other cryptocurrencies requires vigilance, education, and the use of best practices in managing your assets. Read the full article below for tips on avoiding becoming the next crypto scam victim, but for the tldr:

1. Don't send cryptocurrency to people who claim they will "double your money."
2. Double check that you are using an official website, not a malicious copy of a website.
3. Be highly suspicious of anyone who cold-contacts you by direct messaage, email, etc

We as newbie we really need to be very careful and take our time to learn
Not to rush things because the forum is very wide and full of scammers

E.g read more and pay very good attention to our high rank leaders

[I_Anime]

1. Don't send cryptocurrency to people who claim they will "double your money."
 

Most people wey dey fall for such . Ehnn nah greed dey worry dem bcua just imagine person con meet you say him now doubler or you go con see telegram bot wey dey run doubler, wey dem go dey tell you say put $50 and withdraw $100 , you go con put your hard earn funds in the name of doubling, just no say that funds dun go.

At first dem go first pay like certain number of people tey create trust ( that what will call business strategies), so that those same people go con put more cash with the expectation of something nice, nah that moment nah dem go start the main reason why dey create or claim the name doubler, because at that moment yah funds dun go .

So avoid such Ponzi scheme, expecially those wey always wan make am fast fast . Abeg make unah stop that nonsense mindset oh because there's no easy way or short cut. Take your time and give it all you got in whatever yah doing and you will see that with consistency , you go see how u go grow financially, because nothing good comes easily.

[Belarge]

1. Don't send cryptocurrency to people who claim they will "double your money."
 

We have to avoid the current unstable flows of the market. Sending cryptocurrency to either the wrong address or to some random fraudulent firm is weigh out of the picture. Doubling money is mainly scam and we should be always takes the hints to upgrade our styles. Cryptocurrency is risky and we should always pay attention to every trends in the market. Always be careful with the market because there's more to handle when it comes to trading.

[rachael9385]

Avoiding fraud in the world of Bitcoin and other cryptocurrencies requires vigilance, education, and the use of best practices in managing your assets. Read the full article below for tips on avoiding becoming the next crypto scam victim, but for the tldr:

1. Don't send cryptocurrency to people who claim they will "double your money."
2. Double check that you are using an official website, not a malicious copy of a website.
3. Be highly suspicious of anyone who cold-contacts you by direct messaage, email, etc

We as newbie we really need to be very careful and take our time to learn
Not to rush things because the forum is very wide and full of scammers

E.g read more and pay very good attention to our high rank leaders

As e stance so, nah only person wey no believe say scam dey exist nai go give somebody wey em know sabi em Bitcoin or any of em coins to trade because say the person promise am sayem go double the money for ram.
This double checking matter suppose to dey more serious because many people for we state both young and old we dey always dey do things sharp sharp and lot of people wey dey trade their coins in a rush no dey bother to check the website them dey use before proceeding.
This number 3 own be say person wey done fall mugu before and em fall am for the second time nah full @40 be em name. As a crypto users you ko suppose to dey click on links any how because many links nah traps. As you click on the link and them redirect you, e just dey like say the fraudster/hacker done plant some virus inside your system and before you know either your system hang and your coins lose or you lose access to am forever if you know sabi alternatives to access am.

[Stable090]

1. Don't send cryptocurrency to people who claim they will "double your money."

Na Wetin our people never still understand be that, plenty people still Dey fall for that scam strategy, anybody wey tell you say make you send money to them Dey go help you double your money, make you just know say na Ponzi scheme, and na scam Dey wan scam you, if you fall for all those things, make you know say na cry you go cry last last.

2. Double check that you are using an official website, not a malicious copy of a website.

Plenty websites Dey wey be say na phishing website, if you see some websites you no go ever believe say na scam exchange, na why you need Dey careful if you Dey use any website ooo, make sure say you double check your website before you go use am.

3. Be highly suspicious of anyone who cold-contacts you by direct messaage, email, etc

If you Dey dis forum, never trust any member wey chat you privately irrespective of the rank wey you Dey, anybody wey message you privately and him ask you to invest, make you know say na scammer dem be, just block dem directly.

[Mia Chloe]

I think the very first step to avoiding crypto fraud from affecting you weather directly or indirectly is by first working on yourself. If you are a greedy person, you will definitely end up falling for one. Scam or the other weather crypto related or not. Another important thing to do is to always stay updated especially when it comes to matters regarding privacy and security.

1. Don't send cryptocurrency to people who claim they will "double your money."

As for this common format scammers usually employ, as long as you are not a greedy person, you shouldn't fall a victim of this.

2. Double check that you are using an official website, not a malicious copy of a website.

This is also a very important one. Therefore before surfing important sites, it is crucial to ensure that you are browsing the authentic site. Most times you can check for this via the domain especially if it is a New one (that's if the site you intend on surfing isn't a new one.)

3. Be highly suspicious of anyone who cold-contacts you by direct messaage, email, etc

I think one of the most important things to do with respect to this is to avoid spam emails and unwanted direct messages. You can do this by limit the rate at which you sign up on random and unknown sites. Another thing to do is to make sure you are not joining groups that are not important especially on public platforms and social media.

[Josefjix]

1. Don't send cryptocurrency to people who claim they will "double your money."

Sending crypto to the unknown? This is an important question for us all because I'm pretty aware how most of us are greedy and would do anything to grab everything within our space but forgetting about scamming projects circulating round the system. We should always make out for ourselves to become one of the promising possibilities of hitting top targets in the system. There's no rest for us in this world, probably the next when it gets to do with crypto. We can only double our money when we worked hard enough by mapping solid trading and investment strategies for the purpose to follow up solid method.

[Zanab247]

1. Don't send cryptocurrency to people who claim they will "double your money."

Anywhere you find such people in the community, run for your dear life because they are scammers looking for who to scam by using that strategy to deceive people who are looking for shortcut to get wealth.

Always carry out your research before investing your money in any project, which is another way to avoid scammers in the market because the research will expose many things that will make you to know if you are in the right project or wrong project.

Avoid free help from anonymous in the community, which is another way to avoid scammers in the community, asking help from someone you don't know physical is a way of heading to frustration.

[Gozie51]

1. Don't send cryptocurrency to people who claim they will "double your money."

Na this method dey always catch newbies and no be only newbies but others because their eyes dey for how to make cheap money by doubling what they have with them. Na long throat for money dey make people fall like that otherwise how you no work for somebody dey you want benefit from the person? This should be the first idea on how to caution oneself from falling on such scam or fraud.

Just recently, one guy com show me some site wey him link up through telegram and there they have a kind of shady investment going on there. One you click and register with the site, them go upload like $650 on the account and then dem go ask you to claim the cash by sending some amount in there to cover the activation and transaction fee to withdraw am. Hmmm I laugh when the guy show me the stuff, so I just told him straight up say na scam. I told him once he sent even $50 or $100 there, they will ask him for another requirement wey go include more cash and na so all the money go go but this guy dey doubt me. Before I decided to let him do his wish, I just gave him the scenario say you didn't work for somebody and the person go just dash you money online when he is not your family. Well he is lucky he didn't go ahead. This is a lesson.

[Fiasem20]

1. Don't send cryptocurrency to people who claim they will "double your money."

Crypto users ought to be vigilant and smart when dealing with people you don't know on social media all because they call themselves "money doublers".Most cyptro users get excited when scammers tell them that there's a way their coin can be doubled.There are scams that looks so fuck**n obvious while some are tricking,money doubling kind of scam looks so obvious,and excited crypto users that wants to make quick profit end up being scammed all because a person they met online has told them a way of making quick money.Lets be guided on the crypto space.

[Mr.suevie]

1. Don't send cryptocurrency to people who claim they will "double your money."

Crypto users ought to be vigilant and smart when dealing with people you don't know on social media all because they call themselves "money doublers".Most cyptro users get excited when scammers tell them that there's a way their coin can be doubled.There are scams that looks so fuck**n obvious while some are tricking,money doubling kind of scam looks so obvious,and excited crypto users that wants to make quick profit end up being scammed all because a person they met online has told them a way of making quick money.Lets be guided on the crypto space.

The idea that one can double their money is exactly approach a cheap scammer will use against you, he will see if he can play on greedy nature and if you are that type then for sure you will become a victim but if you are well Incline on the basic knowledge about crypto then you are one step safer falling a victim.

[Cryptoprincess101]

The thing wey me I observed wey dey make people fall so easily to crypto fraud na desperation like wen you hear about something wen involved doubling of money na so body go dey.sweet you, to be frank no where wen Dem find money wey dey easy so e good make we no dey too desperate to make this money but just take everything gradually with time that height wey you wan reach you go achieve am. Being too desperate in anything is very bad because due to the fact say na dat kind thing wey you dey like your mind no go dey say na fraud e be.

Another thing be say make you no even pay attention to any platforms or person wey dey assure you of doubling your capital because wen you pay attention to Dem dey go fit convince you to join from how you dey talk and no try say make you give am trial by investing a little amount because sometimes wen you invest small money den chop am you fit decide to invest again to get back the one wey you lost by so doing na so dem go dey enter till your money finish na there your eye go open.

[iBaba]

1. Don't send cryptocurrency to people who claim they will "double your money."

From the moment you hear someone bringing idea such as doubling your money should strongly be discouraged especially when it has to do with ads coming your way should be discarded. Secondly, if you do not know the user bringing up such deals, you are strongly advised not to fall for then no matter how mouthwatering

[MainIbem]

As e stance so, nah only person wey no believe say scam dey exist nai go give somebody wey em know sabi em Bitcoin or any of em coins to trade because say the person promise am sayem go double the money for ram.

A lot of people have fallen victims to bad actors due to ignorance and sometimes it's not only newbies that fall victims to those bad actors but any one could therefore we all need to be careful and vigilant because even in the world of Cryptocurrency there are scammers too, for instance, if you observe carefully you'll see that most exchanges would advice that users shouldn't release token when they've not received their payment from a seller, that's cause they too are aware that some scammers would see that as an opportunity to take people's funds, also one needs to beware of the sites or links they come across on the media concerning Cryptocurrency if you're to trade or purchase it on any platform it should be with a recognised exchange and not any link online.

[nelson4lov]

After I got scammed in my early crypto days by a crafty scammer, I been don formulate one simple rule of thumb when it gets to do with anything crypto related and that rule goes thus:

Anything that sounds too good to be true is probably not true

It's that simple. When I see any content on crypto Twitter or a WhatsApp / TG group and it sounds too good to be true, my alarm goes off about a possible scam. Most scammers plot their scams to be attractive so it can entice a user to fall victim of it and that's what I look at for. If it turns out to match that criteria, I'm not touching it even with a 10th foot pole.

[CryptoHeadlineNews]

Avoiding fraud in the world of Bitcoin and other cryptocurrencies requires vigilance, education, and the use of best practices in managing your assets. Read the full article below for tips on avoiding becoming the next crypto scam victim, but for the tldr:

1. Don't send cryptocurrency to people who claim they will "double your money."
2. Double check that you are using an official website, not a malicious copy of a website.
3. Be highly suspicious of anyone who cold-contacts you by direct messaage, email, etc

Yes, the three tips you mentioned are indeed the best ways of avoiding external forms of Bitcoin scams, but how about internal ways of avoiding Bitcoin scams? Have you ever thought about it? Because as newbies, those are the easy ways people like you are likely to fall victim, simply because they weren't equipped on time on best way forward. Hence, I will be giving you short internal tips of avoiding crypto scam.
1. Ensure to safe your wallet private key/seed phrase in places only you and you alone can have access to it.

2. Ensure to use a very strong password for your Bitcoin wallet, so that it can't be easily guess by people living around you.

3. Never store large funds on an exchange wallet, but rather non-custodial wallet such as Electrum and Blue wallet.

[Rruchi man]

3. Be highly suspicious of anyone who cold-contacts you by direct messaage, email, etc

Be even careful with the people around you, the people who you give your phone or laptop having your wallets to and think that you can trust them. Nor go fall victim, some kind people nor be who dem say dem be. Dem fit dey run double shift, dey act normal for day then dey steal people crypto for night. Dey careful because these people fit put some kind things inside wey  dem fit use dey monitor you and all the things you dey do for the device.

Another side tip is to be careful with who you tell about your bitcoin investment, and what you expect to gain from it. 

[Mr.right85]

3. Be highly suspicious of anyone who cold-contacts you by direct messaage, email, etc

While everything way you don propose Dey nice, I think the option 3 na where everything about being careful Dey start. You gats Dey suspicious of anything and everything. E no just rely on the emails and the elements to conducting any activity way you don put there but, to Dey curious in general.

Now the truth be say, we Dey into the business of trying to earn and increase our earnings and as e be like that, e Dey easy to Dey greedy and want speedy returns on your investments. This na something way you no need entertain via say, e fit easily make you loose you guard and once you loose guard, na so you no go keep to details and that’s all an attacker or scammer go need to defraud you.
Just no Dey greedy and keep your guards up!

[CryptopreneurBrainboss]

Avoiding fraud in the world of Bitcoin and other cryptocurrencies requires vigilance, education, and the use of best practices in managing your assets. Read the full article below for tips on avoiding becoming the next crypto scam victim, but for the tldr:

Wetin this industry dey about, no be decentralization? This one supposed tell you say na everybody on their own for here so na you dey incharge of your own security, protection from scammers and everything. Wetin important pass na to stay informed because information na power and some kind information dey go out of date and new ones dey come on board so if you no dey up to date, you go dey use old update dey hold body and when scammers or hackers come, you go come become easy target for them to attack but for your own mind you dey protected.

We as newbie we really need to be very careful and take our time to learn Not to rush things because the forum is very wide and full of scammers

If it's too good to be true then it should be avoided, consider everything as a scam until proven otherwise for this market because alot of scam full. The market no dey regulated so anybody if bring their own thing wey go make scammers dem plenty dey look for their next victim. Always verify anything wey you wan do to make sure say e legit, make you no go dey regret tomorrow. The best way to avoid scams so na to focus on buying the coin wey you wan buy and commot mine for any other things wey dey the market. No be must to follow people do wetin dey trend, just dey invest and hodl and e dun finish be dat.

[Mate2237]

Because of the way the country be, people fall for this wayo them say them want to double your money make dem invest and unknown to them na scammers. Always be guided. Op you tried let the newbies follow up dis your advice and make dem bo fall for any fraudulent activities in their dealing with bitcoin investment. And I will also add one to what you have said. And which is, don't connect your wallet which you have your large number of savings to any website. And don't involve yourself in any Ponzi Scheme. Do your investment and leave the rest.