First and foremost any social media promoting related to crypto are impersonators. Until the official announcement from the twitter account comes from the verified account , do not fall for this as most people are getting scammed via Social media like Discord , twitter etc.
Fake giveaways are a thing too and you?ll be asked to deposit this much amount and they?ll promise returns of 3x. Do not fall for these too.
Links especially have to be careful as these URLs can lead to some other site where hackers are readily waiting for your information. Make sure you know and verify the website before entering confidential information!
Lastly use 2-Factor Authentication for all accounts and use a strong password to keep your account secure. Do not share your secret password!
Topic: Top Cryptocurrency Scams To Be Avoided By Beginners (Read 332 times)
you analyzed all this well, but as far as I can see almost all of them have the common epithet "fake". Fake exchanges, Fale giveaways, fake SM accounts, fake (phishing) email, and fake (Ponzi) investment opportunities.
it seems to be the only and must prevention of many of these models of fraud is detailed research before any investment. Unfortunately, beginners usually do not do this until they realize that they have been deceived. after that they find very precisely all the scam allegations made.
I guess not only beginners but most of us only learned that it’s a scam once we experienced it and lose our profits. And for me, that’s just normal. Atleast we committed mistake first and then learned afterwards, and not to do the same mistake again. Most of us come into the market with greed and less knowledge, so being put into scam first I guess is a natural thing when you’re into crypto. it seems to be the only and must prevention of many of these models of fraud is detailed research before any investment. Unfortunately, beginners usually do not do this until they realize that they have been deceived. after that they find very precisely all the scam allegations made.
Learn to do your own research before investing in any project
To say the fact some project aren't worth taking a research on, just by merely seeing you could deduce how authentic they are, lots of factors could resulted to them been failed before their launch, check their location, profiles, history, developers, liquidity, market cap, website scan check and many more proofs, there's a way they manipulate some of the points I've listed above as well, user must be careful not to loose that he has in the process of acquiring more to it.
That's why bitcoin isn't by any means thesame as some of other coins, i learn that you can out smart someone who is taking a spy on you for a haunt down, the only solution is to flee away in total avoidance of such person, same is required on other cryptocurrencies except for bitcoin which deserve more investment to be made.
Also be very wary when asking for help if someone asks to see your private keys to rectify/solve your issue or even better yet, if someone asks you to set up a Teamviewer session and to give them control in order to rectify/solve your issue- this will provide unfettered access as well as cut and paste abilities. These are sure way to have your wallets drained soonest.
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Exactly, these are real enough, scams can be done in many things, ways, and also strategy. Moreover, when it is also related to certain hacks, this is very dangerous. unfortunately in several cases, it may be quite difficult to avoid, but it needs more carefulness moreover when we are using devices online. Like what you said here:
1. Blackmail
4. Malware
6. Phishing Email
Sometimes, we are triggered or accidentally click certain links, downloads, or other activities that will lead us to get those three. That is why it is always stated that every time we are related to online activities, we must be more careful in every step we are doing anything. 4. Malware
6. Phishing Email
5. Social Media Scam (Impersonation)
Unfortunately many newbies especially are experiencing this, they believe someone who impersonate as others. The weakness is that many newbies will not check or crosscheck whether they are real or not, whether the person or groups are real and official or not. Moreover, if the group or person promises something very legit, many newbies will trust them without rechecking. that is why many newbies commonly will fall into this scam. 
Your topic should have been general scams every newbie should avoid, not necessary top. Scams is scam, it doesn't have a measurement or range because money is subjective to people, what you consider small may be another person total assets both online and offline.
The thing is that, scams are everywhere and you can't stop it as long as there is finance in such place, the only thing we can do is to continue to warn people especially the newbies to take caution and warnings about these things, malware and Spyware for example is something everyone should take serious both newbies and high rank members.
The thing is that, scams are everywhere and you can't stop it as long as there is finance in such place, the only thing we can do is to continue to warn people especially the newbies to take caution and warnings about these things, malware and Spyware for example is something everyone should take serious both newbies and high rank members.
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It's funny how you advice other users to not invest on shitcoins while you're promoting the shitcoins it self under your signature 
With due respect @Despairo, I never said all shit coins are scammed but to be wary of the ones you want to invest into. You said I promote shitcoin on my signature, before that what about the campaign managers who bring such campaigns into this forum. Does that mean the campaign managers are also promoting shitcoins by bringing them here to advertise.Having said that, the most reputable altcoin we see in the market today started as shitcoin and this reminds me of Solana which i participated in their airdrop when the coin was launched but choose not to withdraw the coin because i see it as coin that wont excel in the market.
Shitcoin can turn into a reputable coin and can also turn into a scam coin but what's important is having knowledge about how to spot shitcoin that be a reputable coin in the future. In addition to that, in this current market, a lot of reputable coins will turn into shitcoin while some shitcoin will turn into reputable.
I believe scams evolve as imvestors get smarter and more suspicius. So with that, this list might be obsolite in the future with scams not looking / functioning like the scams nowdays. It's an everchanging landscape and we need to keep up.
You should add this, that many are scammed when the turn up the heat of their level of greed, that I one of my favorite keyword when telling someone about crypto-currency, it’s would be very hard for any scammer to get to you when you show know interest in them and what scam scheme they are offering, and I am still trying to understand the blackmail part, I think this particular one can happen to anyone and really is a criminal case that even the most security conscious people can fall victim of
Right a good anti-virus is always good to prevent malware attacks, but as far as I am concerned SIM-Swap attacks are carried out by a hacker who convinces one's telephonic company that they are the rightful user of your SIM, basically an identity scam. If they manage to convince them, the hacker is granted with a SIM with one's telephonic number which is eventually used to reset the access to emails and exchange accounts.
In that case it has little to do with malware, it is possible though that the hacker uses malware to steal personal information which would be used to trick the company operator.
So that's the point I mean. Malware will be used to hack users' personal data and use it to carry out SIM swap attacks with the existing data. So the use of antivirus is also very important. Some of the methods used by hackers must be prevented. SIM swap is an example of a social engineering method that will convince the operator that the hacker is really the owner of the SIM.In that case it has little to do with malware, it is possible though that the hacker uses malware to steal personal information which would be used to trick the company operator.
Personal data security is very important. hackers can use any means to gain access to personal data.
v. Personal Research
n\] mAll you've mentioned above should start here, DYOR is very important to all newcomers before they will be putting their money as an investment.
All of you've mentioned are pretty common scam activities that we usually heard here, fraud is everywhere waiting for someone who will be caught in their trap, and those lazy and greedy people will most likely be next to their victim.
We have a community here that can be a part of your DYOR, stick to this board and find out more scams or if you will find them, you can spread awareness here.
I wholeheartedly agree with you- newbies (even long time investors) should always do research before they invest their capital into something.
This should be considered as the general rule of thumb before investing any amount of money into something. I remember back in 2018 when the price of BTC reached an ATH of $20,000, lots of people invested without even knowing the market. They rode the 'hype' without even understanding what they are investing on. When the price crashed on the first quarter of 2018, they are also the ones who shouted and complained that investing into BTC is a 'scam' and/or a 'bubble.'
That is why before anyone invests into a particular item, one must always do their corresponding research in order to avoid any further complications that one MIGHT experience in the long-run.
It's funny how you advice other users to not invest on shitcoins while you're promoting the shitcoins it self under your signature
With due respect @Despairo, I never said all shit coins are scammed but to be wary of the ones you want to invest into. You said I promote shitcoin on my signature, before that what about the campaign managers who bring such campaigns into this forum. Does that mean the campaign managers are also promoting shitcoins by bringing them here to advertise.There is no problems in promoting a shit coin and it all depends on your definition of a shit coin. Shitcoins are not scam coins, or rather not all shitcoins are scam coins but majority of shitcoins turn out to be scam.
Meanwhile, all flourish altcoins today were once shitcoins. The most important thing is not to promote an obvious scam shitcoin or shitcoin that has no good road map.
Scammers are very smart and dynamic, such that they device new strategies everyday in order to remain relevant in the industry. Newbies try and be smart.
It's funny how you advice other users to not invest on shitcoins while you're promoting the shitcoins it self under your signature
With due respect @Despairo, I never said all shit coins are scammed but to be wary of the ones you want to invest into. You said I promote shitcoin on my signature, before that what about the campaign managers who bring such campaigns into this forum. Does that mean the campaign managers are also promoting shitcoins by bringing them here to advertise. 
We could go as far as to generalize that actually the top cryptocurrency scams to be avoided by beginners are altcoins themselves and all the altcoin hypes such as ICO, airdrop, DeFi, NFT, and others, could we?
Of course, this is going to be an unpopular opinion, but given the history of these and since we are talking about beginners, isn't it just right that they should also avoid getting into altcoins and the rest that are mentioned?
Of course, this is going to be an unpopular opinion, but given the history of these and since we are talking about beginners, isn't it just right that they should also avoid getting into altcoins and the rest that are mentioned?
Altcoin are much abused method on scamming so for sure many lesson can be learn if newbies just search some information about this because for sure there are more information will pop up everywhere about this discussions. Also maybe the first thing they need to do if they really want to learn about altcoin is to join only on airdrop and don't spend any dime on it because for sure there are lot of learnings by continuously following the altcoins trend.
We could go as far as to generalize that actually the top cryptocurrency scams to be avoided by beginners are altcoins themselves and all the altcoin hypes such as ICO, airdrop, DeFi, NFT, and others, could we?
Of course, this is going to be an unpopular opinion, but given the history of these and since we are talking about beginners, isn't it just right that they should also avoid getting into altcoins and the rest that are mentioned?
Of course, this is going to be an unpopular opinion, but given the history of these and since we are talking about beginners, isn't it just right that they should also avoid getting into altcoins and the rest that are mentioned?
There was a time I even received a notification telling me that I have won $200 and all I needed to do it to insert my wallet secret phrase to claim it. I then created a new account in trust wallet and then gave them the secret phrase after which it said "our system has detected that you have more than one wallet, please input your real wallet key phrase. 
xD thats gonna be a real scammer out there. Imagine they even detected that you just created a dummy wallet. Scammers now are really techie but they are wrong to trick others who already learn the basic of wallets and the idea of being scammed and hacked. Thanks for sharing OP even though I read countless warning and reminders here, there are lots of scam victims being seen which implied that most newbies or users didnt care the process or knew that it was a scam. Too bad, that eagerly to earn money ignoring this kind of cautious warning.
Another topic on it
Basically, people must know the basics for security and maintain a healthy habit when they use computer, mobile devices and web-surfing. If they can, let's buy a good Internet security / Antivirus software for their device. However, it is a second layer of protection. The first layer is knowledge and healthy habit.
but there are some who fail to use the device safely, they don't care about the device used. This attitude makes it easy for hackers to break into it. and buying a premium antivirus application is certainly a good recommendation, I have also used premium antivirus for several of my devices. there is also an antivirus that is provided with a trial version and there are also those who use a pirated version of the antivirus, which will eventually attack their own devices.Basically, people must know the basics for security and maintain a healthy habit when they use computer, mobile devices and web-surfing. If they can, let's buy a good Internet security / Antivirus software for their device. However, it is a second layer of protection. The first layer is knowledge and healthy habit.
Right a good anti-virus is always good to prevent malware attacks, but as far as I am concerned SIM-Swap attacks are carried out by a hacker who convinces one's telephonic company that they are the rightful user of your SIM, basically an identity scam. If they manage to convince them, the hacker is granted with a SIM with one's telephonic number which is eventually used to reset the access to emails and exchange accounts.
In that case it has little to do with malware, it is possible though that the hacker uses malware to steal personal information which would be used to trick the company operator.
Another topic on it
Basically, people must know the basics for security and maintain a healthy habit when they use computer, mobile devices and web-surfing. If they can, let's buy a good Internet security / Antivirus software for their device. However, it is a second layer of protection. The first layer is knowledge and healthy habit.
but there are some who fail to use the device safely, they don't care about the device used. This attitude makes it easy for hackers to break into it. and buying a premium antivirus application is certainly a good recommendation, I have also used premium antivirus for several of my devices. there is also an antivirus that is provided with a trial version and there are also those who use a pirated version of the antivirus, which will eventually attack their own devices. Basically, people must know the basics for security and maintain a healthy habit when they use computer, mobile devices and web-surfing. If they can, let's buy a good Internet security / Antivirus software for their device. However, it is a second layer of protection. The first layer is knowledge and healthy habit.
There was a time I even received a notification telling me that I have won $200 and all I needed to do it to insert my wallet secret phrase to claim it. I then created a new account in trust wallet and then gave them the secret phrase after which it said "our system has detected that you have more than one wallet, please input your real wallet key phrase.
It's funny how you advice other users to not invest on shitcoins while you're promoting the shitcoins it self under your signature
When you're using the signature or joining a social medias bounties, you're promoting the shitcoins and this make any people including beginners to aware of this shitcoin, moreover they might invest it. You're not different with those shitcoins project team, you're helping them to scam many people. There's no such DEX will run on centralized chain e.g. BNB.
When you're using the signature or joining a social medias bounties, you're promoting the shitcoins and this make any people including beginners to aware of this shitcoin, moreover they might invest it. You're not different with those shitcoins project team, you're helping them to scam many people. There's no such DEX will run on centralized chain e.g. BNB.
ii. Altcoin
Developers of such coins manipulate the coin's market price and make appealing offers to entice individuals to join their society. Early hodlers (developers) will be able to boost the coin's price by pumping it and then dumping it once they've made their money. Be wary of all these shitcoins; the majority of them are fake. Most of them are centralized and have no smart contracts.
Developers of such coins manipulate the coin's market price and make appealing offers to entice individuals to join their society. Early hodlers (developers) will be able to boost the coin's price by pumping it and then dumping it once they've made their money. Be wary of all these shitcoins; the majority of them are fake. Most of them are centralized and have no smart contracts.
That's what I see also and for posting this it seems that he really doesn't mean what he post because he still promoting what possibly put newbies in danger because he promote something risky to go with. But since he's into that we should assure that we will never get hype and also secure what profit we got already and don't think for more since most of shit tokens dumps then hard to recover when pumping times of it comes already.
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