Topic: [GUIDE]How to avoid scam? (Read 1249 times)

Very important details where touched upon here I think it high time we improve on our consciousness
Always protect your device and avoid suspicious site

the best way to avoid scam is to think like  a scammer too. by doing this logic you will know all their strategy and pattern they have been using to scam people for years . there is no free launch any where this is a rule that guides when i see free btc link  that have potential to scan your your pc .

Thanks for putting the link of some useful thread here on forum. You can report on scam accusations to spread the scam crime.

This is more relevant for most of us whos looking for safeties using internet since the largest reason of hackings happen thru phishing sites,this is helpful and thanks for that

Have some additional threads for same purposes to pevent cryptonians from becoming victimized

Here’s the threads,

https://bitcointalksearch.org/topic/how-to-know-if-the-website-is-a-scam-there-you-find-it-4456502
https://bitcointalksearch.org/topic/how-to-protect-yourself-from-scammers-3415026 For scammers


https://bitcointalksearch.org/topic/crypto-scam-howto-protect-yourself-4264404 For phishing site

Hope it can help

Better not to open them. You can ico's during their pre sale on their site to take away the scammer.
Sometimes we can't avoid it because a lot of email bomber is working just to get money by scamming.

These letters are not only not worth answering. It is even better not to open them, because you can get a virus on your computer.
And you should never give your main mail when registering for projects.

Furthermore, be careful with your details. Many are fond of looking for freebies and in turn they submit their confidential information into the hands of scammers. Be careful while participating in such activities, if you aren't careless, then you're very close to being safe.

The new mode of scamming crypto users is the emails from ICOs that impersonate real ICOs at a cheap discounts. I never reply to emails of ICOs I haven't personally applied for whitelisting.

Hello newbie, It seems so good right ? The idea of it is very useful. Specially this generation because there's a lot of scammers everywhere specially when it comes about money.

Thanks OP, Even in telegram I have received many look a like names of different ICO admins but if you double check the username its different people they are offering a private sale with a big discount and if you are not aware about it then you might be scam in no time be very careful in investing always use the official mediums for transactions.

Fraudsters have lost their positions badly and can invent nothing peculiar. The methods are the same, and if you understand the subject, it easy to find out you deal with fraudsters.

It might sound obvious, but please, pay attention to the language as well. Try to see the patterns in how admins communicate in FB, Telegram and so on. If they are not overly formal and then you suddenly receive a PM starting with "Dear Sir", there are high chances that even if they have a picture of the admin, all the info corresponding in their account, they are still not an admin. If the team is not pushy in sales and you get a PM with a different overall attitude, consider why. It helped me and some of my friends several times.

Another thread of proven scams.

Adding this thread ⚠ List of SCAM ICO! [PROVED]  by bl4nkcode.

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Bumping this thread for newbies.

There are thousands of scammy projects out there,and one needs to be careful inorder not be defrauded.
One should check the identity of those behind a project he want to invest on to know if they are faceless .
I said this because 80% of scammy project are managed by faceless people.
Even if the people managing a particular project are known check to see if they have managed a multi million dollar project.This will help you to know their previous performance.
You should also check if the project has its own website ,Reddit ,twitter ,telegram and discord.
If they have all these things another step is to note down what the participants on its social media are saying about the project for example if there is so much complain ,and the customer support of that projects is not ready to proffer solution then know it is a scam.
You should also note down how active the admins of a particular projects are on social media, meaning how often do they post updates on social media?
You should know the problem the developers of a particular project aim to solve after you have read and understand the white paper.
The question is ,would there be a demand for that token if the developers solve the problem
The questions is,do they have the financial capacity to solve the problem or not?
How do they raise the money ?it is a scam if there is no clear definition on how to raise the fund.
Finally ,if they are not following its roadmap ,it means the developers are scam.

He cant write all, he just wrote a few. Besides the reason you can post on his thread is to write those things you think are missing. No man is an island of wisdom.

Thanks for the kind words. Will update it everytime I learn new ways to avoid scams.

Wow this is valuable information, I guess you went to great lengths to collect the list of scams at the very end of your post! Good job!! As others have mentioned many get into crypto just to earn quick money without knowing what crypto is and how it works. This post is very valuable in this regard where it cautions people on what to look in a scam and avoid such schemes altogether. Thanks again!

Well, actually even a https link it only means the responsible has payed for a SSL certificate. It does not avoids you to go into a scam.

About ICO's, never trust any email you receive...always search about ICO's by yourself. There are websites that evaluate ICO's, there are communities of ICO's investors that you can search and ask and participate and try to know by several sources if that ICO is trustable. Look at their team, linkedin profiles, github profiles, the project github, how long is without activity, how many commits in how much time, how many ppl participating. Read the whitepaper, try to understand the value of the project and always try to understant at the first glance if by any change it is any kind of ponzy or pyramid scheme (bitconect, regalcoin, etc).

Don't trust anyone in this market. And always do researches because anything that looks new into your eyes might already happened in the past. Bitcoin and blockchain really has a great potential that is why frauds and scams are anywhere.

Working in cryptocurrency is really profitable but if you work on those scam also... It will become useless...  Working here is really hard as well as finding a good campaign is really hard to know and to predict also...  We should be always aware of it especially those who are only beggining to work here...  There are lots of way to ensure that we are in a right direction the only thing we need to do is to keep aware and have our own research about it...

Nice work bud. This is gonna be useful here in crypto world. I have a suggestion or for additional topic that will help us too. Can you gave us the importance of using 2-factors authenticator?

Thank you for this  Helpful Info. This  is very important  Information especially for those  who are new in Bitcoin.  There's are lot of scam   today. Some  of the  bountiy is doing well during   the campaign  but  after  it's  only scam. Another  knowledge   how to double  check  campaign. thank you so much  this ia   big for us.

Here also blog on the topic, it considers ICOs specifically, but should be interesting in relation to the scams: https://icoguide.com/en/blog/how-to-identify-scam-icos

So many of the cryptocurrncy project are scammers,they only deceive investors and scam them but bettter stil there still some good ICO,s to invest on but this needs good research of the platform before investing

Every day more and more scams appear and you need to be very careful.. useful article, thank you!

Thanks for the kind words. If you have some questions related you can aske here so that we can further discuss more about scams in order to avoid it.Just follow the tips to avoid being scammed. Just be careful where you invest because a lot of scammers inside and out the forum. 

Grateful to you for this insightful work which will go along way in helping to identify the illegal ICOs before we invest or work to promote them. I will suggest that you keep updating the data base often to accommodate more that will come later on.

Many today are scam investment, phishing sites and so on. So it's a great help especially for new comers to understand and of course be careful of the websites they go to.
Great help to, So I refer my friends to read this thread,

thanks for the suggestion, right now we can see many ICO that just find the money and not run their project in real or we can call it SCAM. and it will make the investor trapped because the bonus and the fake benefit that the developer said, so we should think twice also do some research about it before we invest on it

Greatly thankful for this information. We all know that nowadays people are really getting involve and become a victim of different kinds of scams, most especially beginners here in the crypto currency community. This is one way for them and for all of us to be warned and be informed to avoid being scammed.

Thank you very much for this wonderful post. in fact it is very enlightening and life saving. Some of us have little or no knowledge about these sscammers and their tactics. A friend of mine stopped crypto investment because these scammers manipulated him and emptied his bitcoin wallet. We need you, the experienced ones to always lead and guide us like this

great post man. big thanks for this. im really afraid to be scammed. and i havesome friends that are also new to cryptos. ill surely share this to them

Thanks for this thread, now I have some points to review back before jump into some ICOs. Do Your Own Research (DYOR) is very important and must be done before dealing with an ICOs. You give me a clear explanation about how to review ICOs. Once again, it's a very helpful thread.

information is very useful, but today the SEC has released education related to ICO to the public, as a repressive action to avoid any scam site that offers investment by ICO.

The SEC created a site explaining the scam criteria for ICO. the site is howeycoin.com, this scam site was created by the SEC to provide education to every society, so they can choose a good ICO and do not have the potential scam.

some of the common signs of ICO scam are.
1. high profit
2. SEC claims complain
3. pump and dump only.
4. endorsement of celebrities

thank you for this. this is so much help for beginner like me. great job

Great resource, I have a couple of friends that have been scammed and another one had their account hijacked. This advice should be a compulsory read for all newbies.

hi. Thank you so much for this useful guide!
People now don't have excuses. you have to just follow these simple steps in order to protect yourself from scammers.
thank you so much again!

Your suggestion will be a benefit and safer than directly enter into an ICO earlier by waiting post ICO, actually there is other benefit other than avoiding Scam ICO that is the certainty for entering the project which pass the softcap. But this kind thing should not take generally because if everybody wait the project until enter to exchange, there will be no more successful ICO and lead to no project enter into exchange. So, it is better to still support ICO but the research should be deeper. I hope the ICO is still required to be supported as the starting stage of a project in crypto.

The best way for avoiding ICO scam is not investing in ICO. Even if you check all basic criteria of ICO and its legal, you still have a chance to get scam. So minimum your risk in investing ICO is not investing in ICO time. If you really like this project, follow their telegram/twitter and facebook to get news/information and know when it will be listed. When it be listed on exchanges, its your time to buy more because at the moment in bear market, all new tokens/coins are lower price than ICO price even with bonus. So buy and hold when it listed, is best way.

Thank you for your feedback. I will work on it and I'll update the post after making your suggestions.Yes it is, but I'm referring on the dots below the website. That's why I put an example image that will guide you on that violently little things.

You have made short post but not enough facts on this, I suggest you to write more facts so people won't loss in SCAM ICO's.
I would give plus one to you for this topic.

Very true. You could get a free https certificate on sites like CloudFlare. The thing is though, most phishing sites don't even bother on getting an https certificate. So an exchange without a https certificate should automatically be a huge red flag.

Unfortunately, many people don't understand Crypto well, so malicious people are using new tactics to steal from unknowing people. While there are many upsides to crypto being unregulated (such as no infringement n privacy), it's the kind of environment where scams thrive. If you get ripped off, there is no one to send a complaint to; however, the best way to avoid scams is to stay informed!

Https mean: Hyper Text Transfer Protocol Secure, if a site have it, that doesn't mean the site is legit and not fake, it simple mean the your connection with the site is private,
you can even get it for free, what you can do, is to check the Organisation that the certificate is Issued To.