Tips for beginners to avoid getting scammed

Taskford

hero member

Activity: 2520

Merit: 783

Quote from: Tej7701 on June 14, 2017, 10:38:37 AM

Can you suggest some precautions for beginners to avoid getting scammed ?

When its too good to be true. It's totally scam.
So you better watch out who you dealing with
but before that equip yourself with enough knowledge because its not that easy to earn coins just to be scammed.
Be wise, smart and vigilant when you're dealing in anything.

LouVandetta

sr. member

Activity: 602

Merit: 253

Quote from: Tej7701 on June 14, 2017, 10:38:37 AM

Can you suggest some precautions for beginners to avoid getting scammed ?

As everyone above has mentioned, do not believe in anything such as HYIPs, Ponzi sites EVER.
It's a big fat mistakes. Everything has its own risk, but don't do it if you don't feel confident doing it.
Ask around first or look for more information related to it.

thymeow

full member

Activity: 126

Merit: 100

Just like real money - we really need to be careful with our btc.
Be careful of those fake bitcoin exchanges Often on social media you’ll see a link saying something like “Buy bitcoin for 5% under market value. Save big!” This is a marketing trick to get you to visit and use their fake exchange.
If you visit any exchange site the very first thing you want to do is make sure it’s HTTPS secured and not HTTP. This means that the web traffic is encrypted and secured; if it’s just HTTP without the “S” that is a big red flag and means stay away.
Another red flag to look out for are fake exchanges that offer selling Bitcoin for PayPal. On these sites you’ll see a web form to enter your PayPal email and amount to sell. After submitting, you will be presented with a QR code to send your bitcoin to. But the money never arrives. Also, be cautious with those fake bitcoin wallet - Just like with fake Bitcoin exchange sites, you should trust your instincts and look for red flags. Does the wallet site use HTTPS? Is the name of the wallet site trying to resemble another reputable Bitcoin wallet by impersonating it? Outside of the obvious, it may be hard to tell if a wallet is fake. A good practice is to ask your peers if someone has used the wallet before.

jerowacik

legendary

Activity: 1162

Merit: 1000

Quote from: densuj on June 18, 2017, 11:36:56 AM

Quote from: Tej7701 on June 14, 2017, 10:38:37 AM

Can you suggest some precautions for beginners to avoid getting scammed ?

I think you must never invest your funds on hyip and Ponzi website, it will be scam service in the ending, the investors never get back their money, if you want makes transaction on here always use escrow service that can be trusted with the sign many positive reviews from another users, i hope it will help you to avoid from scamers.

I agree with you . Investing in HYIP and PONZI is a big mistake. We can lose all the money we have. But there are some jobs that are also high risk, for example is gambling. So I think a beginner should be able to avoid everything that has a high risk. with a small capital you can become discouraged and left bitcoin forever.

Savemore

sr. member

Activity: 952

Merit: 274

Quote from: Tej7701 on June 14, 2017, 10:38:37 AM

Can you suggest some precautions for beginners to avoid getting scammed ?

You need first to study all about tradings. There is high risk in the trading world. Before you invest you must focus to the cryptocurrency world. You must be smart and really intelligent before you enter the trading world.

Krillin61

full member

Activity: 314

Merit: 105

Quote from: Tej7701 on June 14, 2017, 10:38:37 AM

Can you suggest some precautions for beginners to avoid getting scammed ?

The avoid getting scammed, use escrows, don't invest in HYIP, and always check the review of a certain investment. If that investment has a small problem, don't continue investing through that since it could scam you.

roadbits

legendary

Activity: 1092

Merit: 1000

Quote from: raven7886 on June 18, 2017, 08:26:16 AM

Quote from: streazight on June 16, 2017, 09:37:37 PM

Quote from: TIDOVEE on June 14, 2017, 06:52:31 PM

Make your passwords confidential,
Be consistent,don't just make unverified trading and transactions.(be sure it is genuine)
Reading other people's post will do a lot in guiding you.
That's just my advice for now

Really a superb advise is given by you and I am totally agree with your points. Before investment be sure about the site that you are gonna take Bitcoin from and be sure that the trading process is under a huge company. And it is a well-known company. Never tell your key pass to anyone you need to be smart and positive thinker before using it.

Being smart is the key always. Not just beginners, even experienced people do get scammed some times just due to the reason of not being smart. Being smart could be confirmed by carefully choosing established institutions for any requirements like exchanges/investments opportunities/gambling sites or it can be anything. When we are choosing right options after many thorough researches, the chances to get scammed will get minimized significantly.

Yes if you have bad luck you may be an experienced or newbie you will lose money, Scammers will cheat you. So be smart in your work never trust anyone easily. Do research how much you can possible and use the site to do trading. The scammers will make you tempt to providing some huge promotions offers. Don't get excited for that type of offers. If you have confidence then only you move your step or else step back from that work.

densuj

legendary

Activity: 910

Merit: 1000

Quote from: Tej7701 on June 14, 2017, 10:38:37 AM

Can you suggest some precautions for beginners to avoid getting scammed ?

I think you must never invest your funds on hyip and Ponzi website, it will be scam service in the ending, the investors never get back their money, if you want makes transaction on here always use escrow service that can be trusted with the sign many positive reviews from another users, i hope it will help you to avoid from scamers.

MWesterweele

hero member

Activity: 1372

Merit: 564

Quote from: Polar91 on June 18, 2017, 08:04:11 AM

Quote from: Tej7701 on June 14, 2017, 10:38:37 AM

Can you suggest some precautions for beginners to avoid getting scammed ?

For my suggestion, avoid HYIP and shitcoins then start investing altcoins which has a strong support and has a good repuation so that you'll never get scammed in your investment. Don't look for easy money, everything is not taken for granted thus we should be more strategic if we want to earn more.

Yes this is true. Try to avoid hyip it may be good in our eyes but somehow it can deceive us. They will tell you that you will earn more than you have been invested but the real thing is, they only fool you they only want the referral bonos that they will get once you have been invested some money. Be wise and be a keen observer too.

raven7886

legendary

Activity: 1512

Merit: 1041

Quote from: streazight on June 16, 2017, 09:37:37 PM

Quote from: TIDOVEE on June 14, 2017, 06:52:31 PM

Make your passwords confidential,
Be consistent,don't just make unverified trading and transactions.(be sure it is genuine)
Reading other people's post will do a lot in guiding you.
That's just my advice for now

Really a superb advise is given by you and I am totally agree with your points. Before investment be sure about the site that you are gonna take Bitcoin from and be sure that the trading process is under a huge company. And it is a well-known company. Never tell your key pass to anyone you need to be smart and positive thinker before using it.

Being smart is the key always. Not just beginners, even experienced people do get scammed some times just due to the reason of not being smart. Being smart could be confirmed by carefully choosing established institutions for any requirements like exchanges/investments opportunities/gambling sites or it can be anything. When we are choosing right options after many thorough researches, the chances to get scammed will get minimized significantly.

TitanGEL

sr. member

Activity: 1036

Merit: 281

Quote from: EXtremeAEX on June 14, 2017, 10:45:09 AM

Good that you asked

- Hold your Coins
- Do not invest into sites that promise '2% Return Monthly' 'Get 15000 satoshis daily by depositing XXX BTC', these are most likely scams
- Avoid the investors-based games thread
- Try not to trade/invest in altcoins to earn BTC if you are a starter (only trade with what you can afford to lose)
- Read more on this forum (many posts are helpful)
- If you are using any service that uses your Bitcoin (i.e. BTC Wallets, Exchange Sites), do check for its reputation and security

Do not get pulled in into a ponzi, nothing is free in this world, you have to work hard if you want to 'earn' BTC. Cheesy

This is the best answer for the beginners. You are correct to hold your btc and invest it in to your wallet. Trading is a difficult job. You can't be sure that you will earn a big money if you enter the world of trading. Trading is has a high risk so trading is unpredictable job.

gribble

hero member

Activity: 966

Merit: 552

Quote from: Tej7701 on June 14, 2017, 10:38:37 AM

Can you suggest some precautions for beginners to avoid getting scammed ?

Well... You must choose altcoins that has good reputation,it can survive for long time.
Also the altcoins has big capitalization can be checked on coinmarketcap.com
Making invest in new altcoins is high risk losing due to the new altcoins can be scam in the future.

Polar91

hero member

Activity: 1120

Merit: 553

Filipino Translator 🇵🇭

Quote from: Tej7701 on June 14, 2017, 10:38:37 AM

Can you suggest some precautions for beginners to avoid getting scammed ?

For my suggestion, avoid HYIP and shitcoins then start investing altcoins which has a strong support and has a good repuation so that you'll never get scammed in your investment. Don't look for easy money, everything is not taken for granted thus we should be more strategic if we want to earn more.

gabmen

hero member

Activity: 1246

Merit: 529

CryptoTalk.Org - Get Paid for every Post!

Quote from: VenceyBit on June 17, 2017, 04:09:00 AM

Quote from: Tej7701 on June 14, 2017, 10:38:37 AM

Can you suggest some precautions for beginners to avoid getting scammed ?

Avoid joining those double your bitcoin programs and Hyip's (high yield investment programs). Do not join those people telling that they will trade for you and double your bitcoin in days or weeks you will likely be scam by those people as i see many people posting it from bitcoin groups. Do some research or ask here.

I agree. If something is too good to be true, its more likely a scam. Hyips have a way to attract people who prefer easy money but if you want to try your luck there, reasearch. Look for facebook pages, scan through comments,threads and discussions. It's better to be safe than sorry. That's coming from someone who got scammed by joining a hyip and learned a bitter lesson

VenceyBit

full member

Activity: 128

Merit: 100

Quote from: Tej7701 on June 14, 2017, 10:38:37 AM

Can you suggest some precautions for beginners to avoid getting scammed ?

Avoid joining those double your bitcoin programs and Hyip's (high yield investment programs). Do not join those people telling that they will trade for you and double your bitcoin in days or weeks you will likely be scam by those people as i see many people posting it from bitcoin groups. Do some research or ask here.

streazight

hero member

Activity: 910

Merit: 502

Quote from: TIDOVEE on June 14, 2017, 06:52:31 PM

Make your passwords confidential,
Be consistent,don't just make unverified trading and transactions.(be sure it is genuine)
Reading other people's post will do a lot in guiding you.
That's just my advice for now

Really a superb advise is given by you and I am totally agree with your points. Before investment be sure about the site that you are gonna take Bitcoin from and be sure that the trading process is under a huge company. And it is a well-known company. Never tell your key pass to anyone you need to be smart and positive thinker before using it.

Ewox

sr. member

Activity: 812

Merit: 253

The best precautions or tips for beginners to avoid getting scammed would be by reading more here at bitcointalk, you can actually learn a lot from here. Plus always trust your instincts and go over the beginners section first.

Bagaji

sr. member

Activity: 1330

Merit: 291

Quote from: Tej7701 on June 14, 2017, 10:38:37 AM

Can you suggest some precautions for beginners to avoid getting scammed ?

Most a time you only find yourself being scammed as a result of your one's personal greed or an act of being despirate of getting rich quick.
Stay away from sites that promise high return on your investment for what that interest them is your own deposits .
Lastly, there's need for you to seek other people's opinion on what ever investment you want to put in your money to know whether is genuine or not before you invest your capital.

CyberKuro

hero member

Activity: 798

Merit: 506

Quote from: LuanX3 on June 14, 2017, 10:58:55 AM

Quote from: EXtremeAEX on June 14, 2017, 10:45:09 AM

Good that you asked

- Hold your Coins
- Do not invest into sites that promise '2% Return Monthly' 'Get 15000 satoshis daily by depositing XXX BTC', these are most likely scams
- Avoid the investors-based games thread
- Try not to trade/invest in altcoins to earn BTC if you are a starter (only trade with what you can afford to lose)
- Read more on this forum (many posts are helpful)
- If you are using any service that uses your Bitcoin (i.e. BTC Wallets, Exchange Sites), do check for its reputation and security

Do not get pulled in into a ponzi, nothing is free in this world, you have to work hard if you want to 'earn' BTC. Cheesy

Also, in addition, if you are trading here on the forum with other members it is best to use escrow. Especially if you are dealing with people with bad reputation. Though it doesn't mean you will be 100% secure, but it will significantly improve your chances of not getting scammed.

Since Op asked about avoid scammed in trading thread, so it's about precautions in trading, right?
I think all the answers above pretty good and detail for newbies to understand how to avoid trouble.
I would suggest to use some trusted trading sites such as Poloniex or bittrex for the start.

Pamadar

legendary

Activity: 2982

Merit: 1028

Quote from: KennyR on June 16, 2017, 12:52:01 AM

Quote from: sotoshihero on June 16, 2017, 12:27:33 AM

Quote from: fikihafana on June 15, 2017, 07:06:26 AM

Do not trust get rich quick programs, do not register at untrusted website that keep your bitcoin or altcoin

You can always spot this get-rich-scams. They are offering high return without even doing like in HYIP, by giving daily percentage, big interests, etc. When it is promising too much of returns, think twice in investing. It might last long, and even before you can withdraw your earnings they are gone.

Yeah, get rich scams were the one that easily traps the beginners. While hearing about bitcoin and it's value for the first time everyone has the mentality of being rich through it in a short. The difficulty will be realized only after being a user. Using this an opportunity there are lots and lots of scams and HYIP that easily change the mind.

yeah as they captured mindset of some people who has been attracted to this easy investment platform such as mining and investing to trading those are the common practice they just let you believe that all you have to do is to place your money and wait no need to do anything.

Topic: Tips for beginners to avoid getting scammed (Read 1998 times)