Topic: How can I identify a scammer using Bitcoin or crypto to scammer people - page 3. (Read 559 times)

Di easiest way to avoid scams for social media, na to get di mindset say nothing be free for social media. So when somebody wey you no know begin to de tell you say make you click on a site and invest small money and within a small time you go get plenty profit, dat na red flag say na scam. And wetin scammers de take catch people na greed, wen dem tell people say dem go benefit plenty money for dem scam projects, na so many people go lose dem sense of reasoning, until dem loose money finish.

Scams de plenty for di crypto space, many altcoins wey developers de launch na scam, dem go hype di token say na di next best thing after Bitcoin, make you de careful because na red flag say na scam. Ponzi plenty for many projects dem wey de for di crypto market, so investors suppose wiseup and carry out research first before dem go buy, odawise make dem de focus on Bitcoin and top altcoins.

You are absolutely correct, as ignorance is the main reason why most people are really falling a victim and will still blame it to investors or people who are the ones that introduced crypto to them, instead of looking for who to blame, they should blame themselves. Although it's not really easy to identify scammers especially when they are using familiar apps, links, and emails to scams us, it's very hard to identify which one is real and fake but with the rate of it now, we can try and identify it, as you said that any investment that involves 100% profit in return, is likely to be a scam, which are totally right, we should bear it in mind that whatever thing that we didn't suffer to get, it's likely to be a scam.

So anytime we are introduced to crypto or ask to invest either through online like Facebook, etc, and emails, we should ask questions to other investors who already had experience before us to know if it's true or not or better still we can do more research about it to be sure of what we are doing, this way we help us to identify the real and fake from them.

It’s not so easy to identify scams sometimes I would say anything that sounds too good to be true is not real or any investment that promises quick returns or 100% profit is likely to be a scam. Also if an unknown person messages you all of a sudden telling you about an investment that will bring you profit in a short period is also a red flag, so treat any message from any social media platform about a certain investment as scam, never click links from an unknown source, some are been sent via email they are very risky.

There are several red flags we can use to identify scams but ignorance will always make people fall victim to scams sometimes all we have to do is make research online to educate ourselves better. A lot of people will give your information on how to identify scams but i still think you should carry your own research about how to identify scams to widen your knowledge more. A simple search on google would do.

One of the fastest way is to check out their promises, most scammers often offer very huge profits to persuade people to want to buy their token and they sometimes leave loopholes in their whitepaper, there are many cases of scammers using palagrised whitepaper and that's is also another way to know, sometimes you can find then using fake profiles as their team members.

you should know that it's not advisable to click any link someone sent to you iether in your social media accounts or in your email address. They know that novice are everywhere looking for easy way to earn money and they just frame up some stories to lure you into clicking there link and they can hack your account in the process or get access to most of your passwords. Understand that no one really spams your DM to bring a legit information to you. If they had a genuine information that pays well, they will most likely keep it to themselves or share it with thier immediate friends and family members.

Even when the person that sends you such link is someone that's close to you, don't be in a haste to click it, chat up the person to be sure that he's actually the one that sends it and that his account hasn't gotten into the wrong hands. Sometimes the mistake we do is to fall for anything we receive from our acquaintance not considering that there account could get hacked and used for a dubious purpose.

Another way to protect yourself is to copy the link to your clipboard and paste it in some URL checker that identifies if the link is fraudulent or not, there are some good site that will indicate that the said link you dropped is malicious and can give you additional details that will guide you as to if it's safe to work with the link or not. But the general role is that there is no free thing on the Internet. The number of those trying to steal from you always suppases the number of does that are willing to give you the right update and information so it's just best to trade safe.

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?