Topic: How do you avoid scammers? (Read 705 times)

The local board is also a good place to start your journey here since it will be easier for you to comprehend things in your native language better than English language used in the general board but it is also wise to visit the general board once in a while even when you are new until when you have understood a whole lot and can visit the general board more often because the knowledge shared here covers more scope than that of the local board.

Avoiding scammers and knowing how to safe guard your assets is the most important thing to learn as you start your crypto journey. While you seek to know how to avoid scammers, you need to know that avoiding scammers involves two steps
1. Knowing the best precautionary measure to take and understanding how to apply these measures: The crypto world is full of scammers and everyday they come with new strategies to deceive people so they can steal from them that’s why knowing some precautionary measure is essential. Reading through your post i noticed some members have already shared with you some ways to avoid scammers and some red flags to take note of in order to identify scam attempts.

- Wallet selection is also one the most important things to consider to avoid scammers, there are lots of programmers who develop new wallets with the intention of scamming people. In selecting best suitable wallets you need to consider how reputable the wallet is and how long it has been in existence, don’t just see a wallet online and start using make sure you carryout proper research on them before using and make sure to use a non-custodial open source wallet.
- Avoid clinking links from an unknown source.
- your personal details are meant to be personal so avoid people who ask for them.
- Peowill come to you with Investment opportunities that they will claim will make you massive profits in a short time, never believe them they are all scam attempts. The list keeps going but to understand the crypto world properly you need to Research more on your own.

2. Applying these precautionary measures in real life encounters in your crypto journey: Knowing these precautionary measures is one step but applying them in your encounters is another thing because a lot of us here have this knowledge but don’t practice all this. Having the knowledge without utilizing it is a waste of knowledge and a lot of people still store their coins in crypto exchanges (custodial) wallets despite all the effort to discourage it. We tend to overlook all these things but they are so important because we have heard of how lots of exchanges get hacked or run with their customers assets so no matter how reputable an exchange is it is not free from hack threats. The safety of our assets is in our hands so we should try our best to practice all the precautions so we don’t have regrets in future.

Yeah you are right and i like your spirit because as a newbie seeking knowledge should be your first priority so you don’t make mistakes and have regrets in future. Most newbies make this mistake not seeking appropriate knowledge.

Many suggestions have been given by members in this forum, and that's something to be mindful of. When you're well-versed in the online world, the signs of scams are easily detected based on your gut feeling. You might fall into a harmful scam, but it will increase your awareness of strangers so that you don't easily part with your money without a logical reason.

As a guy, your brain's logic should work well. But as a newbie, you can heighten your suspicion towards everyone you know or don't know. That way, you should be cautious when it comes to paying for something with an agreement that seems a bit unbalanced.

There are many things to look out to spot out a scam, most of them could be offers which seems too good to be true. Many of the scams comes with an enticing offer that makes you feel persuaded to believe in them. When you expose your secrets that are meant to be kept secret, scammers use that to lure you into revealing more of them so that they can scam you of your money. This is a public place and everyone here has a reason that brought them here so you should be able to detect scammers when you see one.

Be satisfy with what you have as a newbies because, if you are not satisfy with what you have that is were scammers use to come in to scam people with fake information that will make them believe that they want to become a great woman or man, not knowing that he or she is in the hands of the scammers.  Don't allow other people achievement to make you feel that you are not making progress or you are not doing the right thing in the Bitcointalk platform when you know you are doing the right thing just that the results is delay but just be patience everything will surely come to reality.

Never you discuss your private issues with strangers in the platform because, the people you are sharing your progress with or the person you are sharing your details can be your enemy tomorrow and he or she will use all those things against you in a way you will regret why you involved yourself in such relationship.

Most of scammer always find target who think they are greedy in crypto. Don't trust any giveaway in social and that giveaway linked any fake websites. Scammer always find target and do tag or DM the target. If you have any problem with any official project don't ask in their group chat like a Discord or Telegram. Just call CS/ call support in their project ( better you send with email ). Because if you ask your problem in chat group, fake admin from that group will send you private message.

But I'm starting to believe that some of the people who scammers have conned into believing they have won money are also the ones who led to their own connasion. The first thing you should do when you hear you have won money is figure out how you won it and how to get it. If someone asks you to send them your wallet address in order to get your money, you can be sure they are a scammer. Many people become confused when they hear they have won money because they don't know any different than how to quickly become wealthy on social media.

This typically occurs to newbies because, in my opinion, they are the only ones who will not be aware of the scammers. The reason I say this is because I have seen numerous posts on this forum discussing scammers, and I assume that everyone who is not a newbie will come across them. If someone reads the post and is still scammed, I believe they are the ones who should be held accountable because, after witnessing how scammers deceived others, you still go ahead and get involved in it.

When a newbie is brand new to cryptocurrency and his journey there are many hurdles. An example of caution for that time in particular, is when you are a new user to be exposed to many scams. There are various websites and there are various Telegram groups where fraudsters will try to cheat you by messaging you with the hope of earning money and greed.  This is the most important time for you to stay away from these fraudsters, as they say if you try to invest in any site, you will definitely lose that money. That's why you should first take advice from good experienced people in forums and stay away from those people so you don't get scammed. Scammers will usually tell you to invest in different coins and if you invest in them, your money will fail. That's why you need to see the volume of the coins before investing and you can go to coinmarketcap and you can see how far the coin is and what number in the ranking you can invest after seeing everything. Also most of the altcoins are more likely to be scams so don't invest in these coins on the word of people rather you invest it will be good for you and there is no chance of being scammed.

Well, you have to guard your private key/mnemonic phrase like your live depends on it. Do not let anyone see it because anyone who has it has access to your funds. Additionally, be careful on what apps you download on your phone,  what software you download on your laptop, what browser extensions you use, even the websites you visit. Don’t store your private key/mnemonic phrase online. If you must, you have to encrypt it and store it where it’ll make no sense if anyone saw it (doesn’t mean you should show it to anyone). These are common ways that they use to get access into your wallet and the next thing emptying it for you.

Also, I’ll like to add that the forum isn’t just for Bitcoin and Altcoins; we have other boards too.

Somethings that are easy ways to avoid scammers, both through phishing link fraud and various other types of fraud, is:
- Never trust anyone, there is no free money that you can get easily, never trust that person.
- Don't just click on any link sent by a stranger, or any other type of link in your email, your Bitcointalk account, social media and others. Be careful.
- Never believe anyone who contacts you if they say you will get money by blah blah blah...forget it and just block them
- Don't trust anyone who offers to help you do something, whether claiming prizes, investing, etc., even with sweet promises of very high profits, they are scammers.
- Don't do things that you don't understand, avoid them, it's better to learn first before taking action, especially investing.

Mostly these links I have received through the telegram which are so even sometimes disgusting because I was busy sometimes in an important work and suddenly saw some notifications on the Telegram which are of these scammers and I mostly received them. May be there is a way to lock the telegram and put some security to now receiving messages from the strangers and not even they message you. If anybody know about it then please let me know here in the reply.

Hardware wallet should be used often by every trader and every investors who have some money and who are going to store the money for his future benefits and for the future use, it will surely most worthy wallet.

Why talk to an stranger in the first place? The best practice for both newbies and old users of the industry is to avoid talking to anyone they don't know instead of just avoiding to click on links because they are good at what they do and they will find a way around to make you click some link or give them what they want from you. Telegram is full of such scammers, and most of the times, they impersonate other people making you think that they are someone you know so that you don't suspect and do whatever they say. So, when you receive a message from someone you know, double check if it's them or an impersonator.

Scammers are becoming smarter with time. I've seen scammers trying their luck in job offering platforms which isn't what one can think of. They will offer a job and pretend that they are about to give you a job and eventually scam you or make you do something that only benefits them.

There is always a saying about free things that it can kill fatser than the one you worked and one thing about human is that they are always attracted to free things because they feel it's a chance to get the best of best of system which they don't know it's the opposite because scammers used the disadvantage of human greed to track those that are vulnerable to this taught. Only a few percent of the human race can actually get hold of their and this same greed is behind why people get stuck in the gaming and gambling industry as core addict.

Once you have the mindset that nothing is free in the Internet it will be difficult for scammers to have advantage over you . But when one have already made up the mind that free things can be obtained from the Internet this will be a strategy for scammers to use in getting advantage of people.  Just have in mind that nobody can give you free money in the Internet,  nothing is earned for free, money can only be obtained by handwork and price payed for it. Scammers on Internet always want to make a offer that can seems catching to people,  but when this is known to people it is always hard for scammers to succeed.

There is no free money without doing anything even giveaways and airdrop still need an effort. and there is no way you can rich in single night at least that I know. and never send money to anyone if you have doubt in it maybe the simple version is like that

To avoid scams is difficult but you can minimise your exposure by taking some steps of safety. Scammers will always make advances by deploying various tactics. It is therefore necessary to understand how the work. First, is to be careful about random messages from people you don't know. They might come softly but don't be carried away and ensure you don't release sensitive information. 

Scammers use various formats to get their victims. It is not limited to links as they can talk you into sharing sensitive information with which they can access your wallet or harvest your data and use same for nefarious activities. Most of them will ask you to make investment in ponzi schemes that promises outrageous return on investment. Do not fall for them.

Scammers are always coming up with new tactics to scam people, and they have different ways of scamming, but the most common way they always try to use to scam people is by promising them huge profits when they invest with them, so if you are not the type that is greedy enough to make quick money in the crypto industry, you will hardly fall for this trick. One more thing again: don't click on an unknown link unless you know the source. There are many strategies that scammers are trying to use to scam people and again, they always try to come up with new strategies. So if you want to avoid scammers, you have to always stay updated, like by reading news articles to learn new strategies that scammers may be using at that time.
 

Nice idea. I don't expect any newbies to rush and invest in Bitcoin unless they have good knowledge about how to provide proper security to funds in the crypto industry. It is not a good idea to invest in the cryptocurrency industry without not knowing much about how to secure funds. Some people always focus on making profits and forget about how their crypto will be well secured, and that is why some people easily get scammed.

Don't trust anyone most especially those random strangers who suddenly leave messages or links for you to open. Once you open those links, your sensitive information that you have been secretly keeping will be exposed and they will connect your details to their own private site. So avoid those acts that will lead you to being scammed or hacked.

Scammers are everywhere, so always practice with caution. If you are weak and could be easily convinced by those random strangers, then stay away from the social media and access your hardware wallet offline.

We are responsible for our own mistakes so it is important for us to look for ways or ask questions just just like other on how to be safe being a crypto investor. There are so many ways we can keep my ourselves safe from scammers by not giving out our secret phrases or saving out wallet seed phrase on the internet. We know the potentials of many scammers hacking mails and sites through small loopholes so because of that, we need to make sure we exercise new ways of keeping our wallet safe from intruders.

As long as you’re online and surfing the web, you’ll likely to come across several types of scammers and sites. And if you seem attractive enough, scammers would likely try to scam you of your money.
Scams would always look like a good and fast avenue to make some profit for a greedy person. It would look questionable to a reasonable person that would ordinarily make one to double check such adventure but the greed in us wouldn’t allow one to remain reasonable anymore.

Another point is to do some good research on whatever project that is seemingly attractive enough for you to want to put your money into. Don’t rely on whatever you’re being told on the other end. Continue asking questions if something isn’t clear. A reputable and legit organization would not get irritated with your questions.

Scams is one thing we can't eliminate from the industry but we can protect ourselves against them so we don't fall a victim to the fraudsters. I believe others must have given you a complete guide on somethings to do to avoid scammers but I just want to add that we should be skeptical of anything we come across on the web and only get information from the right sources but still we shouldn't be ignorant and not take not of suspicious things been communicated by the verified sources that we get our information from because nothing is safe from hackers and scammers as they can take over any platform and spread false information to make victims of gullible investor's to steal their assets. If it's looking too good to be true then it usually is a scam. Don't get too greedy and be carried always by outrageous offers.


The scammers at time don't even bother to use a new trick but they target the newbies who also fall for their old tricks because they didn't stay updated with what's happening in the industry which is why we have to stay updated with the things happenings so we don't fall victim of scams. As a newbie in a new industry, we should do some research to equip ourselves with the knowledge to be able to spot a scam when we see one. Each bull market brings about a new set of investors that are usually novice and they become the target of the scammers with outrageous promises that it's too good to ignore but if we want what's best for us we have to ignore those offers and keep accumulating Bitcoin as our finances can afford.