Because of the increase in the financial leverage of Bitcoin and cryptocurrency a lot of fraudster are budding under the umbrella of Bitcoin and cryptocurrency to scammer people especially those who are not much grounded and knowledgeable of Bitcoin and cryptocurrency like me. Instance, some fraudster will send you a link through WhatsApp, Facebook and other social media telling you to click the link to register for cryptocurrency and Bitcoin with hope of making much money from the link but immediately you click the link they will access to all your information and then use hack your account and be using it for their fraudulence activities or better still scammer the you.
So if I may ask, how can we identify this kind of fraudsters?
From time this as always been the problem crypto users have been faced with, there will always be threats from fraudsters and hackers that’s why we are being taught to play our part and safeguard ourselves against these threats. They are threat to not just less knowledgeable people but everyone in the crypto space but the difference is just that knowledgeable people are aware of this threat and are fully prepared by safeguarding themselves while ignorant people are well exposed and that’s why they are easy targets. It is now a general knowledge that we should avoid clicking links sent to us by random people and never believe any unrealistic promises of earning free money or easy money.
Scam is easy to identify and if you have found a way to secure your private information to some extent it will be difficult to fall victim, also when a person messages you about certain investments to make money and is trying to convince you to invest then that should ring a bell of suspicion. Once you avoid clicking links sent by random people, never believing an investment idea that earn you quick money and never sharing your personal information with anyone then you should be secured enough. Also you need to be vigilant at all times.
