Topic: HOW TO protect yourself from Scammers - page 19. (Read 3984 times)

Thank you for your work, it is very beneficial, especially for newbies. According to my experience, people should double-check what he is doing and the person that he trades with. Double-check is crucial for avoiding from scammers.

Very good thread thank you for posting this.
My rule of thumb is:  don't trust anyone on the internet that you don't know in person.
Its way too easy to impersonate and make people think you are someone that you arent.

Most of the scams going around can be exposed if people are diligent enough to make research and ask questions about whatever they are thinking of investing in. Most scammers are unable to give straight answers and you will find them contradicting themselves.

ICOs are a huge problem. 97% fail regardless of intention going in. Many are scams from the beginning, but there are plenty where the project leaders sincerely intend to follow through once they raise the money but they can't deliver for any number of reasons. Additionally, governments all over the world are cracking down on ICOs because most of their tokens, probably all of them, actually are securities and their not registering as a security is a direct violation of the law, and not just in the United States. Trading platforms which support ICO tokens that are actually unregistered securities are also facing increasing scrutiny, as they could also be breaking the law if they provide markets for unregistered securities. This means that even if the ICO you invested in was run by honest people, and even if those people had the skills to deliver on their promises, there's still the issue that they have broken the law by not registering their security. This means that the government in the country they operate could shut them down any day and that would mean you lose your entire investment as well.

On a technical level, ICOs could be a great way for legitimate companies to raise money, but it has to be done legally and with investor protection in mind and a legal pathway has not been established anywhere.

Because of all this, my advice would be to simply avoid all ICOs. Don't invest in them.

By learning how to recognize the signs of a scammer, you can protect yourself from fraud.

be a smart and selective bitcoin hunter in choosing, because now there are so many scammers. so be alert and be careful.

I think that there is no 100% guarantee for that, because we have as for example the projects which appears to be great and turned to be a scam then.

Scammer tend to victimize all ignorance  person and person with lack of knowledge about in cryptocurrency. If you are knowledgeable person you know how to secure your crypto. Scammer they have full of techniques to get some information only we do is make sure our personal info are safe secure and our password are always secret.

So, when checking the ICO project on "scam", you need to carefully study the information on the token, the team, the mission of the project in Whitepaper, check the founders' pages in social networks Facebook, Twitter, LinkedIn, be as curious as possible in order to ask questions in such soc. channels like Slack or Telegram.

This is a good post, I think you've covered most of the scams, so I just want to add that people should be extremely careful with their cryptocurrencies in general - there are no intermediaries and no chargebacks, it's like handling cash to a stranger, so people should think carefully about every transactions that they make.

Also you should cover one of the oldest scam - the exit scam. It's when some online service that keeps coins of their customers, like an exchange, decides to suddenly close and run away with all the coins. This has happened many times in the past, so people should never hold more coins online than they can afford to lose.

yes you are correct bro. Never trust blinded to unknown peoples outhere. What ever they say just stay away to give your identity or private keys. Always beware on what you downloads and always make a vault for your main source account. that way you will not lose all if hacker manage to break in..always make plan B.

If it's too good to be true, then it might be false. Don't put your details on something that is not trustworthy website or phishing site. Plus don't just upload any application that could affect your computer security. Specially keep away you private keys.

The most important thing is to not trust everyone whose giving away some money, how can you trust that ? everyone is need money and then you trust with people giving away money ?
And also if you will have a 2 people transaction with someone, make sure u're using escrow, so you won't get scammed easily.

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

Do not invest before you research about the project, take your time to investigate details about the past record of the team behind the project, do not invest hastly in a project base on the bonus giving and deadline. It is better to be patient to invest than to loss eager

Use different emails in faucets,gambling and trading here like in binance,cryptopia and mercatox so they can't open your account even they hack you and for more better use different password then activate pattern only in binance,I think also use atleast 10 trading site then deposit the affordable for you like me i deposit 0.03 btc in different trading site

Usually the scammers ask for our bank account or credit card details by way of example calling or emailing, to gain access to our cash. More sophisticated fraudsters have typically found a way to hack email accounts so they can send messages that seem genuine to require funds to be transferred to the bank accounts they control. Our way to protect ourselves from scammers is not to panic, do not give any information about our card or bank account to strangers on the phone, do not hurry, do not let greed be better than us, and do not engage in things related to illegal .

There are many ways how to protect yourself from the scammers. Avoid uneccesary thing such as clicking phishing websites and links and always log-in in a secure and protected websites. Don't trust anyone because if you mistaken even a little bit everything will be gone so if you want to avoid this used it in a safety way.