Topic: How to avoid bitcoins and other crypto fraud (Read 836 times)

Many times wey we the see say people the fall into scam or make error way lead to them losing their coins na base on say them no take am as important to pay attention to learning and understand how certain things are done in the crypto space. And some persons find it difficult to the ask questions for things they're not really sure about.

Just Imagine person way wan send coins for the first time on TON network but no know say for each transaction on ton you gat make sure to add memo code else na loss transaction be that. But on to say him don day do other network transaction before him go feel say all na same pattern and not bother to ask questions. So in essence frequent asking of questions too dey hep prevent scam or careless loss cos asking questions na still part of guarding oneself.

That your first statement shah, e no really seat well with me but, make we just over look am.

I go agree with you say some of the ways to not fall victim to the scams way exists within this field na to learn about them, the methods way them Dey use operate and trends or similarities way Dey within the scam schemes. E go shock you say, even today, scams Dey come as ads.

Anyway, you gats Dey avoid anything way too good to be true. Not even when e Dey come from person way you know at a later point for your life. People just wan collect and commit body. Them no care about consequences and even if e Dey, them no believe say e go be immediate. Once you fine person way get good opportunities and e no wan give am to en friends, family members, relative or even people around am and na you e say e wan give but you gats bring something, fear am!

Bro have you come across this? I got this from a crypto news channel on Telegram, this is a clear prove that nobody is above being scammed, no matter how experienced you're, you need to be very careful cause like I said earlier, those scammers are very smart and come up with new strategies just to be two steps ahead of their victims and a little mistake would just make you fall victim, you can see in that image that all those scammers need is their victims to copy paste their wallet address and the malware would replace with another one. To be honest, anybody could be victim to that cause we're humans and prone to errors and that's why we need to be extremely careful whether experienced or not. Well, in the discussion section, questions like how can someone know that their device have been tapped and how could people avoid such scam? And the best reply someone gave was that people should always cross check their wallet address after copy pasting and be sure it's very correct before confirming transaction, that's a very good advise and I want to add that everyone who come across that image should take the information seriously and shouldn't be in a haste to copy paste their address without cross checking, I'm wondering if a thread should be created concerning it for our country men who are not aware of this recent scam strategy on exchanges to be careful, cause if Binance who's one of the top leading exchanges could be attacked by scammers through malware, there's a possibility that other exchanges could've been attacked too but they haven't discovered yet.

Everything you talk na true. we just really need to dey careful before we go send bitcoin to a wrong hand in the name of hoping to double our hustle. We go also need to keep our seed phrase intact make hackers no go hijack your money for Wallet. Alot of issues don arise from different people and wetting cause their problem. The moment we stay guided and smart the better for us .

The maintenance reason newbies and even those that have spent some time in the bitcoin space get scammed is that they always have greediness in them, and most of them are lazy and not ready to conduct adequate research, so those two weaknesses are what the scammers are always after. 
 
As a newbie in bitcoin investment is the best thing you need to start from, and before you start that, you have to get yourself ready to have a bit of knowledge on what you are doing, and you should feel free to ask those around that have spent a lot of time already in the crypto space; they will help to explain many things for you if you encounter anything that is a suspect scam because not only in crypto but the whole of the internet, so we all have to be extra careful because no one is above the scammers in times of strategies to cheat people. 

Cryptocurrencies are home to scams, where newbies are mostly duped by such scams. So there are many more practices to get rid of these scams and learning about them is the most important thing for an investor. Moreover, people are constantly scamming people on various social media, so it is very important to take this precaution. If you are a newbie, then you must do these evaluations and avoid them if someone promises to double your money. Because cheaters are always greedy, which is why new people always fall for this greed and get scammed. So everyone needs to be careful to avoid scams in any situation, it is best to invest in crypto with experience and knowledge.

If you make research on how the internet have turned into a tool to steal from people and this have been going on for years now and they keep improving on how to steal from people even making it to be an occupation, were you see young individuals even going to learn how to do fraud and all this are from the internet. We just have to be careful with so many things even with registration on unknown platforms and the moment small of your information is out their then they might use it, and we always have the habit of saving out passwords on phones, and lot of us are guilty of this. Why would you even show off their is a lot of insecurity out there now so they might just miss understand everything and you won't be able to justify your self because your showing off have already passed out information to them and that is what they will work with. Hackers are intelligent so they will keep looking for ways to access your device they have all the necessary equipment to pentrate. We just have to be careful of were we connect our devices too.

You're absolutely correct @Ever-young. Without a data or statistics, I fit confidently talk say about 60% of people wey dey rush into crypto space today no really get any tangible knowledge about how the cryptocurrencies them they work. Now wey we don get new influx of young people from our country wey they troop into the crypto space through airdrops, the matter fit worse pass before. I they always talk am say the problem not  be really say crypto hard – even though the truth be say e no they very easy. However, our people no even get small time and patience wey them go fit spare make them learn the right things well.

This na the main reason why scammers they choke for this platforms as them don notice say plenty people dey gullible of these things and greed don also set into their minds. Small efforts, much expectations na wetin make these useless scammers they succeed for their nefarious acts be that. If our people can be more patient in their adoption of these new financial technologies, they will face little risk and make more money.

As it is and as an experience member in f this forum, it will be hard for a scammer to scammer me because I know 99% of their tactics and I am challenging and attacking on social media. And I will still centered on newbies because na dem never get enough experience to defend themselves in the internet and one thing why scammers successfully scam people because the victim are looking for money at all means and all cost. Like on Facebook of other social media platforms which I also detect scammers through their posting is the marketplaces. Something that we all know that is very cost in the market, they would brought it to minimum price and said they are on promo.

And I I had been scammed by those means so I have the experience. And that was why I am emphasizing on newbies because they are still new in the system so they have to be vigilant. Me I ddwy vigilant at all time. Though nobody is perfect but e go hard for them.

The OP passed a very good message but it shouldn't be only centered on newbies cause anyone could fall victims to scammers, we all need to be careful cause those scammers come up with different tactics to steal from their victims when a previous mode of operation is exposed, therefore everyone need to stay updated and note the possible means and new tactics those scammers operate with, they could be anywhere, so far it involves the Internet. So, with that being said, we all need to be two steps ahead of them and be careful when dealing with things that involve finance on the Internet.

The Internet is gradually becoming more dangerous than previous times and as it's evolving those scammers too are updating themselves with different means to steal from people, we should learn to make proper research about things we come across on the Internet before we sign in and expose our details, it's not only being precautious about links we come across on the media, cause lately scammers clone sites and even make their's more convincing to lure victims, so we shouldn't just rush due to desperation or greed to jump into any opportunity we come across, we should take our time, observe any site, crypto project or airdrops before going into it. You've made a good point concerning the free Wi-fi and everyone that's not aware should take note of that.

Your point are valid and on track. We as advanced individuals knowing fully well how useful and dangerous the internet can be at the same should alway take the necessary precautions to ensure we don't give out vital information to the public. Most person thinks showing off is fun, yeah it might be fun but don't overdo it, because when you overdo it you are only putting yourself in danger, you'll become one of the primary targets of scammer/hackers. I've heard of situation whereby most persons get hacked from connecting their device to public or free Wi-fi, I don't know how true this is but I believe it's possible, and because of that we mustn't carry the device our main wallet is around.

Most people do not conduct research when they encounter new things; if they are promised they will make a lot of money, they will just go ahead and do it, and when they get a scar, they will complain. Scammers have many ways to try and confuse someone to invest in their site and be scams, because most platforms that they will say you should invest and you will be doing tasks and be making money and you will withdraw to your bank account are all scammers that are creating the platforms, and whenever they reach their target, they will run and the site will not be working again that is why any platforms that come, I don't invest again because have been scams in online platforms before, and have learned a valuable lesson I do not invest in any platforms that appear because they will go in a matter of days or months because they are not a consistent site they are all scammers. As a result, we must exercise caution while dealing with several websites that seek to make money.

You're right. Crypto is not an easy work you must be patient before you can be successful. This is why many people fall into scams; they lack the patience to invest in crypto for a long time and be profitable; instead, they prefer fast money, which is why you will see platforms come out and say, "Invest $50,000 and get $100,000 in just one week without doing anything." How can that be possible but since they have confused them and lie to them they will invest on it and later they will be scam and be looking people with kind eyes.

Yes, that's right as it has now been the case of how most individuals fall into scammers, although there is no business in which they don't scam someone in one way or the other but that doesn't mean we shouldn't be careful, we have to be extremely careful not to be a victim of scammers and we should always do research if we notice anything new and ask questions if necessary, now it's not time to be scam again o instead let's scam the scammers in a way they will be play as a fools to us.

Crypto journey is not really an easy work, it requires time, energy, dedication etc and not just to invest or trade because we have the money which most investors always make the mistake and it will implicate them by losing their money. So let's be care.

No business wey scam no dey, Bitcoin na market wey different kind of human being come buy and sell, some buyer come with bad motive, such as fake goods, and people dey like cheap thing things so na people wey dey fall for scammer for market go still fall for scammer for crypto market.

To avoid am, you have to learn the market very well for yourself,  so you too go know scam project and real project,  S oyibo talk am life its self is a risk, sometimes take risk, that project you feel say na scam fit be real come change ur life. Suffering na lesson,  if dem scam you, you go wise.lol.

Aside the listed points by the op, Wattin people fit use take scam person for crypto just too many, and that Na because crypto Na one of the greatest target of hackers and scammers because money dey inside. I remember clearly last year wey Charles Tim been create post about crypto Airdrop scam for binance, and falling for that scam dey some how easy because the wallet address of the scammers and your own go dey almost the same and if you no dey careful you fit use am thinking say Na your our, but at the end Na the scammers go receive your money. So make we shine our eyes they cross check our wallet address before we send am give person or even check the person own well before we send money, because any mistake transaction don go be that, nobody to report am to.

In conclusion to that to be safe just remain cautious and inquisitive to any new crypto currency or anyone that looks promising or gives promises that would make you rish, when you are not cautious your letting your guard down and would not want to investigate further to know and test if the project in front of you is worth investing into or not and that say do your own research.

Avoid greed. To be safe here you must learn to control that urge to get rich quickly cause they is no such path like taht in crypto currency, unless you wanna be a candidate for the next rug pull, if then be my guest.

Na waiting make them talk say waiting you no know pass you, that your friend been no know waiting dey ground na waiting make she go invest again that's why it's good to ask question my people talk say person wey dey ask for direction no dey loss for road. Though some of those things dey work ooo but very rare this days and i believe say she don learn her own lesson next time she no go lose guard  and people too go learn from this her mistake. You are welcome to forum, fee free to ask question in any crypto related stuff.

E make sense wella say you don join this forum, and you will learn a lot here, you go learn not only how to invest in bitcoin, but all or most aspects of the network. If you no understand anything, just use the search button and learn about it, and if you no dey satisfied with wetin you get when you searched, you fit ask questions for this local section or in the global section of the forum.

You are very correct sir, this thing way you talk like this done happen to one of my friends for school when we they 300 level, she invest with them 1 week later she con Cash out that made her to invest more and they withheld the money when she wanted to withdraw a week later and told her to invest 50k to be able to with her 700k income this girl use her school fees oo, till today she no see 700k.

As I dey like this I be newbie for crypto currency matter and as a girl for Nigeria here my follow female friends no dey interested on cryptocurrency so e hard for me to know more about cryptocurrency so I dey take my time to learn everything I no dey rush and na the main reason I join this forum to learn about Bitcoin investment.

Here is another one that is not frequently discussed.

Anytime a bitcoin is been sent, a comfirmation is always needed before it dropped to the destination wallet but most people aren't aware of this, so what scammers does is that when you are doing a transaction with them, they might look legit but they wouldn't tell you their strategy to scam you but I know many people that got scam through this by double spending bitcoin. This is how they do it.

They will send you Bitcoin to your wallet address but they would use a very low sats/vbytes  to make it slower and then give you the transaction hash that your payment has been spent and if you are naive and doesn't know anything about Bitcoin transaction, you will think that it's has come and waiting for it to reflect on your wallet but it wouldn't since there is no comfirmation yet.

The scammer will quickly go and double spend the Bitcoin by sending it to another wallet and you will think it's still coming to your wallet. The scammer will use a high fee sat/vbytes to comfirm the transaction and you will be left with nothing. Make sure your transaction has atleast 6 comfirmation before you finalize the trade.