Topic: How to avoid bitcoins and other crypto fraud (Read 868 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.

Yes, quite a lot of people have fallen for this and lost their hard earned money in the process, if you be person wey dey use Telegram well well, you have to be careful about this.

Them go contact you with an account bearing a beautiful woman's picture, dem go tell you about a new kind of investment that you can make money from, if you put your money, dem fit allow you withdraw am the first time, with small ROI, so you go trust them and invest with a larger sum. The moment you do that, them go seize the money, come dey ask you to deposit more money, so you go dey able to withdraw the one that's stuck in their platform.

This is one of the best methods scammers use to scam people who are not into crypto or those who are newcomers and lack the best knowledge of bitcoin. Although it is kind of funny to me that someone from now will claim that you should give him or her money, he will help invet, and your money will be double. If such a person is a critical thinker, he or she is supposed to know that even though it is going to be possible, it will not be the way he said it. The only way to overcome things like this is by doing research after getting these king DM people in our DM, but people failed to do research because of greed, so they didn't mind; they only sent out money.


The three points outlined by the OP are that if you are educated, you will not fall victim to a scam. I'm not trying to say what you said you are not right, but when it comes to things like this, once you are educated, you know what you are doing in the crypto space. Im very sure you won't fall victim to a bein scam. The only time I can say you may get scammed is when you invest in a scam project, but as long as you are educated about bitcoin, nobody will come to you and say you should come. He will teach you how to double your money after investing in bitcoin. However, we should pray against being scammed by charm.

Online is full of scammers, and so many people have developed crypto projects just to scam newbies of their hard-earned money because they lack adequate knowledge of what is happening in the world of cryptocurrency. The three tips you mentioned are a good way in which newbies get scammed in the crypto world, but I will want to add a few tips so that newbies will be properly guided not to get scammed.
 1. Don't make use of public WiFi.
 2. Don't use unsecured software.
 3. Don't store your bitcoin in any wallet that will not give you 100% access to your bitcoin.
4. Don't send anyone your bitcoin online, even if that person claims to be Satoshi Nakamoto, because you will lose your bitcoin if you do.

The course of many rushing into such false information and scammers damn is due to lack of knowledge and the mentality to which they are coached or them conceive from from somewhere mostly newbie's, have the mindset of crypto as quick to get rich platform and have the believe that others has made it in the system without seeking to knowledge on how patient they have exercise in the crypto space.

This advice is very crucial,  once you know that anything money don't come without work , and is not a place of doubling Money but investment with patients only this can make you smart when such scammers comes your way.

That  is why this saying always remain to be true in most case when a purpose of thing is not know abuse is inevitable, the abuse is falling into wrong hand because of ignorance and most of this challenge or scam di come from airdrop where many promise of doubling your income is assured.

This is very important for everyone most especially the newbie who haven’t understood what the fraud can do, fraud or let me say the scammers are people who go about to scam or steal people fund or investment and those scam have some skills that can make someone to fall in their trap, the number one this is the easiest way that many scammers scam people, you know when it comes to doubling money that’s what people want, no one want to work and earn their own sweat money, and immediately they heard that if you put any amount you will get the double of what you put and that will make someone to be happy, not knowing that there is no free money to make this days.

And about number three, they are very smart and they are the dangerous people because they act as if they’re real, you can receive a message through email and some link and some can call you and act like a bank worker and start having conversations with you that make you send your pin or password to your wallet, never click or share your password with anyone even your close friends never show them or else you will regret showing your secret to the people who are closer to you.

You are absolutely right, because whatever one lose in trading can't be gotten back, its gone and gone forever, that is why it's advisable for everyone to trend with cautious because not all that glitters is gold, if we are not being careful, we might end up doing what we will regret later on in life, so before we take any action concerning what is new to use, let's seek for help or support to enable decide what is right or wrong and also before we decide to do any transaction with any unknown source or site, we should research about it before we can do any transaction. And we won't be a victim to fraudster  if we have the knowledge and the understanding of what we are doing.

Op, the three (3) points you listed are very nice but people getting scammed in crypto or maybe outside crypto is not because they are not educated or vigilant enough. Scam, sometimes it's like an accident and accident is something that people don't expect but sometimes we are concious that accident will or may happen because of the state we find ourselves, imagine someone who is drunk now entering inside his/her car to drive my brother waiting you dey expect go happen. Waiting I dey try talk be say, e get some fraud wey person go dey concious of and e get some wey we no dey, dey concious of, e get some kind thing wey you go just see like this wey go look so good not to be real and it's not like you trust it but you just want to give try and Las Las na fraud and sometimes dey use charms to fraud. thanks

If you observe carefully you go know say anything wey concern crypto na just about smartness, in summary creating a comfortable and safe environment go help definitely when you no suppose hear all this kind things like doubling an extra money for no reason, but, definitely them go come even with safety measures so seeing how everything works in crypto space everyone involve go need get knowledge first to overcome all this ones. The first thing wey I dey reason concerning free money offer na always false cause free money no dey anywhere and believing such when it has to do with crypto is surprising. Topics like this full the forum and you go see different steps to follow make you no go enter one chance.

You have some nice ideas, but the straight-forward and best solution is to just do your own research and don’t be greedy. You see, these two main factors are just what will save you from this crypto fraud because that is what scammers use to attract their clients, and they will like to see if you are literate or illiterate in the aspects of the crypto space. and also see if you are a greedy type or not, but if they find it hard to address these two factors, I don’t think they can be able to scam you.

But no matter the level of caution that is explained to people, they will still be victims because everyone who spends that money in the simplest way, which is easy, will arouse laziness and greed. because if you are lazy, you will not be able to have the strength to go and get more information about the project you are trying to invest in, and when a scammer brings something to you, he will like to persuade you with the best that he can do and make sure it proves to you that you will gain a lot of profit from, which will arouse your greediness level, and you will just give him trust, which will be a regret for you in the future.

One thing about dis crypto street Waka be say you no fit too wise finish but your advise Sha dey alright but I just dey try let you know say enh too many things beyond wetin u don talk now need to be done if you wan actually dey sure say you no fall for the crypto street movement because guys go still run you strrt even if say u na tae tae man for the crypto biz but if you don fall once use dat one as experience take guide make e no for happen again na so d Mata be because d truth be say no be everything you go know by reading or say you see or hear about am somewhere, some things you go know am by experience direct den you go fit understand am better.

E no get any body wey be say don become senior Man for the crypto business wey never get one experience or the other but with time them come Sabi pas as dem been dey when dem start, experience na must for d business sometimes e fit no be scam sef e fit b normal carelessness or say u no been really understand something den u run am e com cast, all those kind levels dem so just put your eyes for ground well and follow who know road na d best a d safest way b dat.

Should we all now agree that cryptocurrency activities should be regulated in the country, so that every investor who has coins in a wallet for long or short term basis, would be safe from hackers and scammers?

I ask so because I understand say person need to really know watin dey current and the best practices to keep their wallet and privacy safe from hackers and from information theft. That's why joining this Bitcoin forum suppose be a requirement for novices wey just join the crypto currency market.
That's why also, every crypto currency investor must sabi do personal research, must sabi read and write and understand big grammar well well.

To avoid Bitcoin and cryptocurrencies fraud, the underlying word of advice na to go slow and steady in reading and proof reading before investing and accepting terms and conditions, in double checking and triple checking details before confirmation of transactions, and to be internet savvy enough, because the world is veering into virtual realities and advancing daily in the aspect of web3 internet and AI integrations, incase you don't believe programmable AI can hack ones account too.

Op this key can help to remedy some scam mostly beginner, but the most victim of scam is newbie with quick to get rich syndrome, this also occurred in the Fiat system the so called 419 who claim to be money doublers all get their victims who are so build up by greed. In the crypto space if your build up by greed and comparison of how others make it in the system without know the level of work and how patient the people has been before the level becoming a cheap. Prey to the predator called scammers won't be hard for them.

Two things beginner must put out side
1. Greed
2. Comparison
The system is not quick to get rich for any who is looking for where your money or BTC would be double it's already seeking for scammers even when such is told to you, you need carry out some search to find out how genuine the thing may before partaking, aspects of comparison many ranked person have spend a good number of years in the forum and into crypto space to think you will be if there level overnight by way of short cut and doing some telegram scam work or airdrop your nit sure of it genuity exposes such beginner into scam.

Learning no get limit and it's not applicable to newbies especially when it has to do with security. Everyone can fall victim to this scammers irrespective of your rank here in the forum but newbies to this industry are actually more vulnerable. Let us all be careful to protect ourselves from cyber and physical attacks.

I have little contribution to add to your points:

Not only cryptocurrency, if anyone asks you to send anything be it digital or physical currencies, properties and receive double in return, you don't have to think twice before cutting off that conversation and block the person straight. Remember, the more you keep the conversation, the high chance you become convinced and end up falling into their trap.

Limit your access to unknown websites once you start your journey in this space. Advisably, have a separate device for your daily usage and the other for your investments. This one will contain your wallets with very limited access to internet through shared links.

It doesn't matter whether someone approached you for investment or to teach you about crypto investment, trading or whatsoever, it's definitely an attempt to scam you. No serious person will message you first just because they want to teach you, you look out for them and not the other way round. In the course of looking for one, please be careful and if possible, look around your vicinity for physical tutor.

In conclusion, the first step to avoid being scam online and offline is to be contented and do away with greed. Greediness is the major factor that leads to being a victim of scam. If you are desperate to make money which you did not work for, you will definitely get scammed one day. Bitcoin is all about learning, buy, hold/trade and sell. Anything other than these, you should question where you are heading to.

The way the world is right now, people falling for scam in the crypto space is mostly self caused issues, a lot of people are just to greedy to them selves to the extent of wanting the whole world to be theirs in twinkle of an eye. Such people always end you get miss lead or bankrupt with such desires. If one can only be very careful or what they are dealing with them cyber crime will reduce because we aid in the process.

In a decentralised world, everyone is in charge of whatever happens around their assets, you much in the best of your vigilant behaviour to survive every attack that comes in the crypto world. Anyways all the list out ways to avoid the attacks are correct and a lot of people has contributed equally to make sure we all stay safe out there.

Because of the way the country be, people fall for this wayo them say them want to double your money make dem invest and unknown to them na scammers. Always be guided. Op you tried let the newbies follow up dis your advice and make dem bo fall for any fraudulent activities in their dealing with bitcoin investment. And I will also add one to what you have said. And which is, don't connect your wallet which you have your large number of savings to any website. And don't involve yourself in any Ponzi Scheme. Do your investment and leave the rest.

Wetin this industry dey about, no be decentralization? This one supposed tell you say na everybody on their own for here so na you dey incharge of your own security, protection from scammers and everything. Wetin important pass na to stay informed because information na power and some kind information dey go out of date and new ones dey come on board so if you no dey up to date, you go dey use old update dey hold body and when scammers or hackers come, you go come become easy target for them to attack but for your own mind you dey protected.


If it's too good to be true then it should be avoided, consider everything as a scam until proven otherwise for this market because alot of scam full. The market no dey regulated so anybody if bring their own thing wey go make scammers dem plenty dey look for their next victim. Always verify anything wey you wan do to make sure say e legit, make you no go dey regret tomorrow. The best way to avoid scams so na to focus on buying the coin wey you wan buy and commot mine for any other things wey dey the market. No be must to follow people do wetin dey trend, just dey invest and hodl and e dun finish be dat.

While everything way you don propose Dey nice, I think the option 3 na where everything about being careful Dey start. You gats Dey suspicious of anything and everything. E no just rely on the emails and the elements to conducting any activity way you don put there but, to Dey curious in general.

Now the truth be say, we Dey into the business of trying to earn and increase our earnings and as e be like that, e Dey easy to Dey greedy and want speedy returns on your investments. This na something way you no need entertain via say, e fit easily make you loose you guard and once you loose guard, na so you no go keep to details and that’s all an attacker or scammer go need to defraud you.
Just no Dey greedy and keep your guards up!

Be even careful with the people around you, the people who you give your phone or laptop having your wallets to and think that you can trust them. Nor go fall victim, some kind people nor be who dem say dem be. Dem fit dey run double shift, dey act normal for day then dey steal people crypto for night. Dey careful because these people fit put some kind things inside wey  dem fit use dey monitor you and all the things you dey do for the device.

Another side tip is to be careful with who you tell about your bitcoin investment, and what you expect to gain from it. 

Yes, the three tips you mentioned are indeed the best ways of avoiding external forms of Bitcoin scams, but how about internal ways of avoiding Bitcoin scams? Have you ever thought about it? Because as newbies, those are the easy ways people like you are likely to fall victim, simply because they weren't equipped on time on best way forward. Hence, I will be giving you short internal tips of avoiding crypto scam.
1. Ensure to safe your wallet private key/seed phrase in places only you and you alone can have access to it.

2. Ensure to use a very strong password for your Bitcoin wallet, so that it can't be easily guess by people living around you.

3. Never store large funds on an exchange wallet, but rather non-custodial wallet such as Electrum and Blue wallet.

After I got scammed in my early crypto days by a crafty scammer, I been don formulate one simple rule of thumb when it gets to do with anything crypto related and that rule goes thus:


It's that simple. When I see any content on crypto Twitter or a WhatsApp / TG group and it sounds too good to be true, my alarm goes off about a possible scam. Most scammers plot their scams to be attractive so it can entice a user to fall victim of it and that's what I look at for. If it turns out to match that criteria, I'm not touching it even with a 10th foot pole.

A lot of people have fallen victims to bad actors due to ignorance and sometimes it's not only newbies that fall victims to those bad actors but any one could therefore we all need to be careful and vigilant because even in the world of Cryptocurrency there are scammers too, for instance, if you observe carefully you'll see that most exchanges would advice that users shouldn't release token when they've not received their payment from a seller, that's cause they too are aware that some scammers would see that as an opportunity to take people's funds, also one needs to beware of the sites or links they come across on the media concerning Cryptocurrency if you're to trade or purchase it on any platform it should be with a recognised exchange and not any link online.

From the moment you hear someone bringing idea such as doubling your money should strongly be discouraged especially when it has to do with ads coming your way should be discarded. Secondly, if you do not know the user bringing up such deals, you are strongly advised not to fall for then no matter how mouthwatering

The thing wey me I observed wey dey make people fall so easily to crypto fraud na desperation like wen you hear about something wen involved doubling of money na so body go dey.sweet you, to be frank no where wen Dem find money wey dey easy so e good make we no dey too desperate to make this money but just take everything gradually with time that height wey you wan reach you go achieve am. Being too desperate in anything is very bad because due to the fact say na dat kind thing wey you dey like your mind no go dey say na fraud e be.

Another thing be say make you no even pay attention to any platforms or person wey dey assure you of doubling your capital because wen you pay attention to Dem dey go fit convince you to join from how you dey talk and no try say make you give am trial by investing a little amount because sometimes wen you invest small money den chop am you fit decide to invest again to get back the one wey you lost by so doing na so dem go dey enter till your money finish na there your eye go open.

The idea that one can double their money is exactly approach a cheap scammer will use against you, he will see if he can play on greedy nature and if you are that type then for sure you will become a victim but if you are well Incline on the basic knowledge about crypto then you are one step safer falling a victim.

Crypto users ought to be vigilant and smart when dealing with people you don't know on social media all because they call themselves "money doublers".Most cyptro users get excited when scammers tell them that there's a way their coin can be doubled.There are scams that looks so fuck**n obvious while some are tricking,money doubling kind of scam looks so obvious,and excited crypto users that wants to make quick profit end up being scammed all because a person they met online has told them a way of making quick money.Lets be guided on the crypto space.

Na this method dey always catch newbies and no be only newbies but others because their eyes dey for how to make cheap money by doubling what they have with them. Na long throat for money dey make people fall like that otherwise how you no work for somebody dey you want benefit from the person? This should be the first idea on how to caution oneself from falling on such scam or fraud.

Just recently, one guy com show me some site wey him link up through telegram and there they have a kind of shady investment going on there. One you click and register with the site, them go upload like $650 on the account and then dem go ask you to claim the cash by sending some amount in there to cover the activation and transaction fee to withdraw am. Hmmm I laugh when the guy show me the stuff, so I just told him straight up say na scam. I told him once he sent even $50 or $100 there, they will ask him for another requirement wey go include more cash and na so all the money go go but this guy dey doubt me. Before I decided to let him do his wish, I just gave him the scenario say you didn't work for somebody and the person go just dash you money online when he is not your family. Well he is lucky he didn't go ahead. This is a lesson.

Anywhere you find such people in the community, run for your dear life because they are scammers looking for who to scam by using that strategy to deceive people who are looking for shortcut to get wealth.

Always carry out your research before investing your money in any project, which is another way to avoid scammers in the market because the research will expose many things that will make you to know if you are in the right project or wrong project.

Avoid free help from anonymous in the community, which is another way to avoid scammers in the community, asking help from someone you don't know physical is a way of heading to frustration.

Sending crypto to the unknown? This is an important question for us all because I'm pretty aware how most of us are greedy and would do anything to grab everything within our space but forgetting about scamming projects circulating round the system. We should always make out for ourselves to become one of the promising possibilities of hitting top targets in the system. There's no rest for us in this world, probably the next when it gets to do with crypto. We can only double our money when we worked hard enough by mapping solid trading and investment strategies for the purpose to follow up solid method.

I think the very first step to avoiding crypto fraud from affecting you weather directly or indirectly is by first working on yourself. If you are a greedy person, you will definitely end up falling for one. Scam or the other weather crypto related or not. Another important thing to do is to always stay updated especially when it comes to matters regarding privacy and security.

As for this common format scammers usually employ, as long as you are not a greedy person, you shouldn't fall a victim of this.

This is also a very important one. Therefore before surfing important sites, it is crucial to ensure that you are browsing the authentic site. Most times you can check for this via the domain especially if it is a New one (that's if the site you intend on surfing isn't a new one.)

I think one of the most important things to do with respect to this is to avoid spam emails and unwanted direct messages. You can do this by limit the rate at which you sign up on random and unknown sites. Another thing to do is to make sure you are not joining groups that are not important especially on public platforms and social media.

Na Wetin our people never still understand be that, plenty people still Dey fall for that scam strategy, anybody wey tell you say make you send money to them Dey go help you double your money, make you just know say na Ponzi scheme, and na scam Dey wan scam you, if you fall for all those things, make you know say na cry you go cry last last.

Plenty websites Dey wey be say na phishing website, if you see some websites you no go ever believe say na scam exchange, na why you need Dey careful if you Dey use any website ooo, make sure say you double check your website before you go use am.

If you Dey dis forum, never trust any member wey chat you privately irrespective of the rank wey you Dey, anybody wey message you privately and him ask you to invest, make you know say na scammer dem be, just block dem directly.

As e stance so, nah only person wey no believe say scam dey exist nai go give somebody wey em know sabi em Bitcoin or any of em coins to trade because say the person promise am sayem go double the money for ram.
This double checking matter suppose to dey more serious because many people for we state both young and old we dey always dey do things sharp sharp and lot of people wey dey trade their coins in a rush no dey bother to check the website them dey use before proceeding.
This number 3 own be say person wey done fall mugu before and em fall am for the second time nah full @40 be em name. As a crypto users you ko suppose to dey click on links any how because many links nah traps. As you click on the link and them redirect you, e just dey like say the fraudster/hacker done plant some virus inside your system and before you know either your system hang and your coins lose or you lose access to am forever if you know sabi alternatives to access am.

We have to avoid the current unstable flows of the market. Sending cryptocurrency to either the wrong address or to some random fraudulent firm is weigh out of the picture. Doubling money is mainly scam and we should be always takes the hints to upgrade our styles. Cryptocurrency is risky and we should always pay attention to every trends in the market. Always be careful with the market because there's more to handle when it comes to trading.

Most people wey dey fall for such . Ehnn nah greed dey worry dem bcua just imagine person con meet you say him now doubler or you go con see telegram bot wey dey run doubler, wey dem go dey tell you say put $50 and withdraw $100 , you go con put your hard earn funds in the name of doubling, just no say that funds dun go.

At first dem go first pay like certain number of people tey create trust ( that what will call business strategies), so that those same people go con put more cash with the expectation of something nice, nah that moment nah dem go start the main reason why dey create or claim the name doubler, because at that moment yah funds dun go .

So avoid such Ponzi scheme, expecially those wey always wan make am fast fast . Abeg make unah stop that nonsense mindset oh because there's no easy way or short cut. Take your time and give it all you got in whatever yah doing and you will see that with consistency , you go see how u go grow financially, because nothing good comes easily.

Avoiding fraud in the world of Bitcoin and other cryptocurrencies requires vigilance, education, and the use of best practices in managing your assets. Read the full article below for tips on avoiding becoming the next crypto scam victim, but for the tldr:

1. Don't send cryptocurrency to people who claim they will "double your money."
2. Double check that you are using an official website, not a malicious copy of a website.
3. Be highly suspicious of anyone who cold-contacts you by direct messaage, email, etc

We as newbie we really need to be very careful and take our time to learn
Not to rush things because the forum is very wide and full of scammers

E.g read more and pay very good attention to our high rank leaders