Topic: How can we protect ourselves from scam? - page 14. (Read 5536 times)
One of the main problems of all blockchain systems are scammers, u need to exchange with only reliable persons or service providers.
The best protection is diversification, and not only on the crypto market, besides this, you need to have other assets, such as stocks, you can also buy real estate
One may not totally avoid being scammed as long as you keep looking out to participate in some, the challenge in crypto is that most scams still come with all authentic appearance and still deceive their victims
Unfortunately, we can not protect the scammers on the crypto market. We still have not found a SCAM project detection system, but we can prevent some of the fake projects by doing our own research. Scammers are intelligent people, they will always find a way to deceive other people. Another tip is not to invest all the capital in one currency.
I think that with the arrival of institutional investors, the approach to the selection of projects will become more thorough and scammers will not be able to survive in the market when it becomes more professional. Now they are deceiving people who have no investment experience and are far from understanding the evaluation criteria. But the legal framework, to which all ICO will be forced to obey, will protect our deposits.
there are lots of scam and the bad thing is that you can not understand immediately if it is for real or not for that reason we must be careful and protect our key ..
Many investors always got scammer ico or altcoin investment for trading, but you can protect your self on scam ico investment project by doing some way before joining an ico investment project, you have check the real or fake owner and team of ico it self.
Unfortunately, we are unable to impose any effective sanctions and corrections on these scams. Although many hunters have listed a list of fraudsters, these scammers are still at large!
This is a difficult task. Based on my experience, the best way to minimize the possibility of scam with crypto projects is to build a considerable amount of relationship with the founding board members and gain enough information about the genuineness of the project. The advice I give all investors is "Never invest more than you can afford to lose"
Refer always to the social media platform of the token project and always ask technical questions on the team on the telegram to know more about the project. And it would be better if the team are obliged to make an interview online. If it does, I can totally say that it is pure legit.
Before investing in a project, I study the full range of information about this project. Experience of the team, profiles in social networks, partnership agreements, the idea of the project, the timing of the finished product, the road map and white paper. Do not listen to any advisers, this is complete nonsense, study the project yourself.
1. Always keep a check on the privacy of your accounts.
2. Never make any decision in greed of more prifit. Scammers can use your weaknesses for their benefits.
3. Check the background of all the projects you are participating in .
2. Never make any decision in greed of more prifit. Scammers can use your weaknesses for their benefits.
3. Check the background of all the projects you are participating in .
The crypto world is so vast and they are interest from all continents of the world. Some investors / projects came with good intentions to make the world a better place while some to defraud investors and projects founder. Can we have a better way correct scam and lapses?
scams will continue to exist, i am afraid. but we can reduce their numbers by reporting each other in time, by bringing awarness of how to study the information about the project, by mutual help in other words 
The crypto world is so vast and they are interest from all continents of the world. Some investors / projects came with good intentions to make the world a better place while some to defraud investors and projects founder. Can we have a better way correct scam and lapses?
Be careful when you work on other people's computers. Alertness is always needed. So make it sure that your passwords are not saved in other people's browsers. This is only one rule.
Actually there is no way to avoid 100 percent scam project or investment. The only thing that you need to do is to make a research for every investment that you are possible to make it is help to reduce or less risk to invest your money to the scam project.
This is not very difficult, just know how to filter the projects correctly. Find out about the project team, read the whitepaper, and stay on top of project activities such as events and conferences.
To protect ourselves from scam, it is important to be careful. Whenever there is a “to good to be true” deal, always think twice. Apart from this, wallet security is very important. Never ever give your private key to anyone or reveal to any website.
thats true. the most important thing is to read, study a project well, don't be easily influenced by the price or the big rewards. continuously increase the security of the accounts you have, especially those with your assets. avoid phishing websites, don't click arbitrarily.
Do your own research and if you are not qualified to do a research properly just stay away and don't take the risk. Generally don't trust random people online and verify everything by yourself. Applies also to basic stuf like not keeping funds on exchanges or only using fully open source wallets (Electrum, HODLER, Armory etc.) to be 100% sure what happens to your private keys.
Of course protect yourself need to spend a little time on it , and a little money , I think you need to buy a good wallet Ledger , and of course if you keep the money on mew wallet or other check phishing sites is a common part of hacking!
In this case will be a huge help from government which can provide some regulation system to crypto market and help with catching scamers
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