Various types of scams are now in use. From fake giveaway, fake exchange, ponzi scheme, personification blackmail and many more. Scammers are still coming up with new ways to defraud people out of their money. Based on my research, I believe scammers are primarily targeting newbies who they are new to the Cryptocurrency space and can be easily brainwashed and defrauded. However, I feel that the following recommendations, which I will describe below, will undoubtedly assist everyone, especially newbies, in protecting their wallet against theft.
1. DON'T TRUST ANYONE: In the crypto space, you don't have to trust anyone, even if you think you and the person have been doing business for a long time and you believe the person won't scam you. The person may be trying to earn your trust first, and then when you have a larger transaction with the person, he will run with your money. Before investing your money, make sure the website is standard and have a active social media with real and reasonable followers, and make sure you conduct a lot of research on your own to confirm the investment is legitimate.
2. ALWAYS PROTECT YOURSELF: When it comes to cryptocurrency, you must be cautious and always protect yourself; otherwise, scammers will take advantage of little opportunity to defraud you. For example, you may receive a link on your social media or email to claim an airdrop or other giveaway; do not even try to click the link; or some may ask you to follow someone on social media to be eligible for a giveaway; please avoid all of these things because I believe they are currently rampant and many people are being defrauded. You must exercise extreme caution even while opening the link sent to you by a friend; you cannot trust anyone, which is why you must safeguard yourself. Never give out personal information such as your private key, password your email login details or your mobile phone password, make sure you save your personal information in a secure place
3: YOU DON'T HAVE TO BE GREEDY IN CRYPTOCURRENCY: I don't believe there is such a thing as "free money" in Cryptocurrency. Nobody will give you money unless you work for them. No reputable company will give you money unless you work for them. If someone sends you a message telling you to send a certain amount of money and they will double it for you in a few days or hours, realize that it is a total falsehood and that the person is just attempting to scam you. There are many methods to profit from cryptocurrencies, but you must put in a lot of effort.
4. BE VIGILANT: The way scammers plan their scams now, they modify everything and make it look very real, but it could be a scam, so you must be very vigilant. If anyone claims to have your personal information, ask for proof, and if he asks for money before he can send it, he is most likely a scammer. If you're sending money to any exchange or website, make sure you're on the right one. There are a lot of phishing websites out there that claim to be legitimate, so double-check the website before sending money there.
5: HOW TO SPOT A RIDICULOUS SCAM: There are a few basic things you may perform to determine whether or not someone is a scammer. To begin, check to see if there is a Twitter account listed on the website, and read through the comments. Trusted websites do not post reviews of themselves on their websites, nor do they post certificates as proof of their legitimacy. You can also use Google to learn more about a website.
I believe this post will definitely help, but there are still many more scams that you won't be able to detect with the following pathern. You simply need to be very careful and vigilant, as scammers work on a daily basis to deceive people. Make sure you report any scam activities you come across on Bitcointalk and other places as it will greatly benefit many people.
Sources:
https://scam-alert.io/