Topic: HOW TO protect yourself from Scammers - page 15. (Read 3991 times)

Type 1. ICO as a SCAM

Check out the team - find out whether they are using their real names or just "stolen" pictures from social media sites.



Like with this FAKE ICO https://www.uatchain.com/
The photos on that ICO are so fake that they used the same photo for two of their team members.
"James" and Tony" must be identical twins.

Google image search is handy for that.

Find out what other projects they have been involved with before.

If in doubt don't invest.

Type 2. Scammers who sell FAKE COINS (name / coin code is same but coin generating contract is different)
How to protect yourself: Check the contract address of these coins, if it came from the same contract address

Ethereum tokens are notorious for this. - But other token platforms will be targeted too as they become more popular.

Also be aware of non scams that can fool you. Different exchanges use the same ticker for different coins. BTG could be BitGem or BitcoinGold

Waves platform - ensure you buy VERIFIED bitcoin, waves and Ethereum. (Indicated by a green tick)

Every verified asset has a green tick.







Type 7: Phishing website attempts
How to avoid getting your exchange account HaCkEd or pHiShEd

ADDITIONAL:
Bitcoin Gold wallet scam
https://bitcointalksearch.org/topic/2017-11-24-bitcoin-gold-wallet-scam-nets-3-million-in-illicit-earnings-2452110
https://bitcointalksearch.org/topic/scam-aware-stolen-btc-fake-bitcoin-gold-claim-2336309



When a coin forks it requires using the private key on the new chain - this potentially provides the key to your wallet. With the Bitcoin gold scam the scammer changed the code for the conversion wallet to steal the users Bitcoin.

Self escrow scams-  where a scammer uses their other "trusted" alt to "escrow" the funds. This happens on forums where the same or symilar names can be used to that of admins or other trusted people. https://bitcointalksearch.org/topic/quickseller-escrowing-for-himself-1171059

Smart contract scam:
Clever honeytrap scam where users are tempted into sending ETH as "gas" to "claim" 75000 ICX tokens.
Instead the ETH is transferred by the smart contract to another wallet after one confirmation.


Just send me a PM if you would like me to explain anything in more detail.

I guess the missing type from this list is

Make a coin with a fake idea, airdrop it to everyone. Pump the coin up in the decentralized exchanges and then dump everything and vanish.

The solution varies from not joining low grade airdrops to sell your coins in the early rise (Scamming the scammer.)

Hopefully this will be added to the list by OP..  

Inorder to be safe from being hacked, we must to secure our private key, we must keep it within us like if you are good in memory you can memorize it,  or put it in a piece of paper and keep it to the safest place where you’re the only one who knows, or create your own wallet and store the private key -offline-.

Because im beginner I didn't experience scam right now, but i suggest we don't let yourself to people who you don't know, and don't invest your bitcoin just hold it in your wallet hold it for a long time until the price high and if its right time you can sell your bitcoin and be careful to the scammers.

in fact for new players it is definitely going to be difficult to protect yourself from scamers but for old players are very familiar with scamers, to protect yourself you better look and find information from the coin you want to buy.

Be conscious on every sites that you visit, search and get information if there is someone offers earning easy money because your investment gonna lose if not and cannot irreversible. Those knowledgeable people cannot be a victim of scam because they have techniques and do not be greed on the higher offer. Protecting your account in any scam is like protecting yourself to be down of anybody.

First of all to avoid scams do not give up on this huge amount of money in exchange for your investment because of this much scam.all will do a scammer cheat and then one should not believe especially in the easy money offered us.I'm avoiding these things because i do not want to lose those things and i dont believed in the strangers.

Scammers are always there to disturbed you, you just need to be careful in every stage.

Scammers are really active now they are unstoppable. The only way to prvent those scammers are being knowledgeable enough about this forum because no one can fool anyone if you are aware and knowledgeable. And avoid joining projects that are too good to be true and lastly don't give any personal information in any sites and avoid clicking links.

There are lots of scammers out there so one have to be extremely careful.One of the ways of being carefull is by being mindful of the site we visit

This is very helpful to us not only for the investors but also to the bounty humters who are working to promote the coins but in the end they will end up empty handed and lost thier time and effort.

They prefer to use a lot of things. For example to pretend like YouTuber, admin in Telegram, write to you from fake e-mail and etc.

Easy as hell.
Download Metamask.
Keep your Private key and valuable informations highly-secured.
As much as possible, get a printed piece of your informations in BTC instead of storing it onto your computer.

thanks, it is a very helpful post for the newbies including me.

I always encounter scammer in telegram,they dm with offer,saying hey user do you invest later on i said hey scammer and then block.Also in airdrop so most of them scam,they want to get our private key,donation eth.So i know that kind of strategy is scam no legit airdrop asking for 0.5 eth donation.Ignore report and block

For me, we must learn to take good care of our belongings, it is just the same as that, take good care for your bitcoin accounts, use it wisely, be sensitive, research and be sure to accept the reality that you are taking a risk so bitcoin holders are risk takers.

To protect yourself from scammers you should not trust anyone your password account. Also if you want to join any campaign you should read and do some research about that campaign. Protection starts from ourselves so we need to be careful all the time.