Topic: 5 Ways to Avoid Bitcoin Scams - page 13. (Read 2809 times)
Like a year ago it happen to me that I was scammed with unrealistic offer. I saw a suggestion on the forum to buy iPhone with bitcoin, which in turning to dollar was pretty cheap. So I sent coins and got nothing. I think this point should be placed on the first position in the list.
As interest in digital currencies increases such as Bitcoin, more and more Bitcoin scams promise high returns. Unrealistic lure is clearly a mere cover, and usually ends with the loss of clients' funds. Fraud often spreads in social circles based on trusted relationships. Therefore, we must be aware that there are cunning fraudsters who can actively seek ways to deceive with absurd tricks and offers.
How to avoid bitcoin scams :
1. Know What You Are Facing
You don't need to rush to decide whether an investment product is a scam or not. All you need to do is, take a moment to find complete information about the project. The easiest way to do this is to find information in the form of company details or Whitepaper (if ICO), and other things related to the investment product. Learn all the details carefully and do some research on testimonials, comments, and so on. Another way is to join a Bitcoin forum like Bitcointalk, and immediately ask for credibility of an investment product or company to other members.
2. Avoid Unrealistic Offerings
Usually, crypto currency fraud can disguise its identity by using a social media account or advertising banner that looks professional. Mark Steward, director of FCA law enforcement, explained that when people become more skeptical of the real world regarding investment and consumer habits have changed, investment fraud has moved into the realm of Online and social media.
How to avoid this Bitcoin Scam is, you are better selective about all investment offerings from the Online platform that you did not ask for, whether through social media, email, or even by telephone. Even if it looks official, pay attention to how it is offered. Con artists usually dare to promise high profits to lure victims. So if you feel the promise of profits is unrealistic, immediately ignore the proposed offer.
3. Beware of Phising Web Pages
Increased interest in crypto currencies makes many new investors enter the market. Lots of land in a fake landing page that claims to be a popular digital currency exchange platform. One example is the one that uses the Punycode technique. Through this method, the fake domain 'xn - inance-hrb [dot] com' can be displayed as 'ƅinance [dot] com'. This technique is usually able to deceive consumers, because web pages can look really like the original. You can overcome this by being aware of vulnerabilities that exist in internet browsers, such as Chrome, Firefox, and Opera,
4. Beware of Fake Digital Wallets
Fake virtual wallets often appear online or at the mobile app store. In the example of a fake Wallet fraud that happened, more than $ 3.3 million was stolen from users who want to claim their Bitcoin Gold. To anticipate similar events, many Bitcoin Wallet providers caution clients to be aware of the cloning of scammers who want to steal victim funds by imitating their appearance.
MyEtherWallet for example, warns customers about fake MyEtherWallet in December. In addition, before choosing a digital wallet provider, do research first. Please share opinions on leading crypto forums, both local and foreign. In essence, only use the Wallet provider with a good track record.
5. Beware of Bitcoin Thief Malware
Malware is something that concerns computer owners. But now, a new category of malware capable of stealing Bitcoin-related data has appeared. Malware authorized by the computer owner is able to record typing or search for a file with the keyword "Account", "Password", "Bitcoin", "Wallet", or other keywords specified by the author, then upload the file to an anonymous server automatically.
In addition, there is also a malware that seeks to absorb the computing power of computer users to mine crypto. Anticipating this, YouTube is trying to deactivate ads that take computing power to mine crypto currencies. It is believed, after users see the related ad videos, the computer becomes slow and there will be warnings from anti-virus programs. Malware like this can steal up to 100% of computing power to mine crypto currencies (generally Monero). The solution that can be applied here is to install strong anti-virus protection and active Firewall to protect the computer.
How to avoid bitcoin scams :
1. Know What You Are Facing
You don't need to rush to decide whether an investment product is a scam or not. All you need to do is, take a moment to find complete information about the project. The easiest way to do this is to find information in the form of company details or Whitepaper (if ICO), and other things related to the investment product. Learn all the details carefully and do some research on testimonials, comments, and so on. Another way is to join a Bitcoin forum like Bitcointalk, and immediately ask for credibility of an investment product or company to other members.
2. Avoid Unrealistic Offerings
Usually, crypto currency fraud can disguise its identity by using a social media account or advertising banner that looks professional. Mark Steward, director of FCA law enforcement, explained that when people become more skeptical of the real world regarding investment and consumer habits have changed, investment fraud has moved into the realm of Online and social media.
How to avoid this Bitcoin Scam is, you are better selective about all investment offerings from the Online platform that you did not ask for, whether through social media, email, or even by telephone. Even if it looks official, pay attention to how it is offered. Con artists usually dare to promise high profits to lure victims. So if you feel the promise of profits is unrealistic, immediately ignore the proposed offer.
3. Beware of Phising Web Pages
Increased interest in crypto currencies makes many new investors enter the market. Lots of land in a fake landing page that claims to be a popular digital currency exchange platform. One example is the one that uses the Punycode technique. Through this method, the fake domain 'xn - inance-hrb [dot] com' can be displayed as 'ƅinance [dot] com'. This technique is usually able to deceive consumers, because web pages can look really like the original. You can overcome this by being aware of vulnerabilities that exist in internet browsers, such as Chrome, Firefox, and Opera,
4. Beware of Fake Digital Wallets
Fake virtual wallets often appear online or at the mobile app store. In the example of a fake Wallet fraud that happened, more than $ 3.3 million was stolen from users who want to claim their Bitcoin Gold. To anticipate similar events, many Bitcoin Wallet providers caution clients to be aware of the cloning of scammers who want to steal victim funds by imitating their appearance.
MyEtherWallet for example, warns customers about fake MyEtherWallet in December. In addition, before choosing a digital wallet provider, do research first. Please share opinions on leading crypto forums, both local and foreign. In essence, only use the Wallet provider with a good track record.
5. Beware of Bitcoin Thief Malware
Malware is something that concerns computer owners. But now, a new category of malware capable of stealing Bitcoin-related data has appeared. Malware authorized by the computer owner is able to record typing or search for a file with the keyword "Account", "Password", "Bitcoin", "Wallet", or other keywords specified by the author, then upload the file to an anonymous server automatically.
In addition, there is also a malware that seeks to absorb the computing power of computer users to mine crypto. Anticipating this, YouTube is trying to deactivate ads that take computing power to mine crypto currencies. It is believed, after users see the related ad videos, the computer becomes slow and there will be warnings from anti-virus programs. Malware like this can steal up to 100% of computing power to mine crypto currencies (generally Monero). The solution that can be applied here is to install strong anti-virus protection and active Firewall to protect the computer.
Offline wallet.
Always have an offline wallet if you think you're a whale.
Because hackers target is not the one who has only less than 1 bitcoin, their target is the whale that has more than 10 bitcoins
there are so many who make similar posts, and this is very helpful for beginners to avoid fraud. where they have to learn more and read some tips and tricks like this from people who have experience in the world of cryptocrrency.
Yes, posts like this should be made every week even every 2 days, because every day many new people join the bitcointalk forum.
Very good and informative article and i want to add one thing that if any one share any link and if you don't trust him them avoid it because it can also be a trap.
Well, the things you post almost everyone involved and learn about bitcoin for a long time has been known. It is just reasonable and suitable for newbies. New people should read to understand more.
Moreover, a lot of that applies for financial pyramid scams, not btc. And yet sometimes very obvious truths are not getting the attention they should. To the advice listed in the op, I would add taking the responsibility for investments and paying attention to whether the accounts are real. The first tip is actually very important, because people don't like risking and yet are lead by the wish to win. This makes them easily give their capital to someone or even something (like a trading bot) else, so that they don't have this feeling that they made a mistake. If they lose, they can always blame the program or a person they trusted. One has to be mature enough to start investing money and managing one's own funds is crucial. The second tip is a small one and it's just due to the fact that when there are famous successful investors, there are usually fake accounts with the same names, trying to scam people. You shouldn't trust anyone much in this business, but if you do have some people who inspire you, make sure you're following only their verified accounts.
Beware of Phising Web Pages
Increased interest in crypto currencies makes many new investors enter the market. Lots of land in a fake landing page that claims to be a popular digital currency exchange platform. One example is the one that uses the Punycode technique. Through this method, the fake domain 'xn - inance-hrb [dot] com' can be displayed as 'ƅinance [dot] com'. This technique is usually able to deceive consumers, because web pages can look really like the original. You can overcome this by being aware of vulnerabilities that exist in internet browsers, such as Chrome, Firefox, and Opera,
That is the reason many people lose money most
Increased interest in crypto currencies makes many new investors enter the market. Lots of land in a fake landing page that claims to be a popular digital currency exchange platform. One example is the one that uses the Punycode technique. Through this method, the fake domain 'xn - inance-hrb [dot] com' can be displayed as 'ƅinance [dot] com'. This technique is usually able to deceive consumers, because web pages can look really like the original. You can overcome this by being aware of vulnerabilities that exist in internet browsers, such as Chrome, Firefox, and Opera,
That is the reason many people lose money most
thank you. Information is very useful. You just helped me protect my bitcoin number more securely.
there is also scammers in telegram they talk to you about an ico or even something else and they ask you about money
I think hackings are more dangerous than phishing. because most people can avoid phishing but they can hardly avoid hackers.
This is well said, it will really help both the newbies and the old. Especially the third point, i would have be a victim of circumstances by dropping my pass key to a site if not that my mind that really convince me.
If you are to be scammed in your fate, you'll be scammed no matter how many articles you put in your head!
This kind of topic will helps you, because of very informative post that will helps to a lot of newbies here in crypto world. You should not just put it on your head, just live with in the useful information like this. Scam is everywhere and phishing site, email or links in crypto you need to be careful and be knowledgeable person.
If you are to be scammed in your fate, you'll be scammed no matter how many articles you put in your head!
Yes, phishing everywhere so I have tips for people should set a strong password, always check back before making transactions, Carefully review the site you visit, should Use cold wallet, Do not trust completely into the market. Everyone should be careful when dealing.
I also have some ideas to help you avoid cheating in bitcoin trading:
Have a strong password
Always check before a transaction
Verifying true - false
Use cold wallet
Do not trust, always verify
Have a strong password
Always check before a transaction
Verifying true - false
Use cold wallet
Do not trust, always verify
How to avoid scam?
Think if its realistic and think earning btc,litecoin etc. are difficult.I also being scam and now I learned.This topic is for newbie and must focus and pay attention
Think if its realistic and think earning btc,litecoin etc. are difficult.I also being scam and now I learned.This topic is for newbie and must focus and pay attention
We must always be careful so that we will not get scammed. One thing is that we must not easily trust anyone else especially if you do not know who that person is. Do not just give your personal information to anyone.
Here are some tips to reduce the risk of losing your hard earned money.
Install EtherAddressLookup or metal mask. They will warn you if you go to a malicious website.
Did you just get a link that leads to a token sale, MyEtherWallet, other deltas, Shapeshift or Ebay? Do not click it! Instead, look for that service on Google. Click the top link that is not an ad.
You do not enter your private key for 1 airdrop. Absolutely do not enter your personal key on random sites!
Check the URL. Are there any weird symbols? Symbol? Is shapeshift instead of shapeshifting? Or myelherwallet instead of myetherwallet?
Sell or exchange tokens? Google name of the token + "twitter"
Check the Twitter account. Was everything fine?
Send money to a certain address? Check the address on etherscan.io. 6.
Install EtherAddressLookup or metal mask. They will warn you if you go to a malicious website.
Did you just get a link that leads to a token sale, MyEtherWallet, other deltas, Shapeshift or Ebay? Do not click it! Instead, look for that service on Google. Click the top link that is not an ad.
You do not enter your private key for 1 airdrop. Absolutely do not enter your personal key on random sites!
Check the URL. Are there any weird symbols? Symbol? Is shapeshift instead of shapeshifting? Or myelherwallet instead of myetherwallet?
Sell or exchange tokens? Google name of the token + "twitter"
Check the Twitter account. Was everything fine?
Send money to a certain address? Check the address on etherscan.io. 6.
Very informative for newbies, I really appreciate it. Such small but good reads will help crypto newbies to step in the crypto world safely.
The only way to avoid scams is by choosing the only coin that cannot be hacked. AML BitCoin rests on a privately regulated public blockchain that facilitates AML-KYC compliance and identifies criminals associated with illicit transactions while maintaining and strengthening the privacy protections for legitimate users.
check team and their partner . if they have something we can trust let join . dont lose our money too easily
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