How to Identify Cryptocurrency Scams

[Earbuzz 87]

Almost 99% is scam. It is obvious. If something is too good to be true,
it means it is wrong.

Edited October 9, 2020 by Earbuzz

[Joseph J 608]

Well, it's easy to know when is Scam, they ask you to transfer any amount of Currency or fractional Currency, it is evident that Scam is the same thing happened with some de-centralized projects that DeFi XYearnFinance that others Binomo, and from experience, they always ask you for deposits to fund a currecy address and it is not there. listing on no known exchange.

[leakydonney 1402]

Most of crypto currency can be easily known as a scam as most of them starting from their airdrop where you can see different illegal things recommended like wanted you to send withdraw fees and pre-sale offers, so it's better to take a deep research before deciding to buy it or investing on it.

[Beapg61 33]

Most cryptocurrency scams can present you with bogus investment and business opportunities. What all scams have in common is that they want you to send them money, or make a payment, with Bitcoin or another type of cryptocurrency. And once you do, your money is gone, and there is usually no way to get it back.
Other signs that it is a scam? They could guarantee that you will earn money (those guarantees are false); promise you that you will double your money quickly (false promise); or tell you that you will get free money in dollars or cryptocurrencies.

[Lrubrum 46]

The truth is that it is quite easy to identify when a site is scam, first of all, despite the fact that people who have bitcoin remain anonymous in one way or another, scammers are aware that we have cryptocurrencies in our wallet, so will dedicate themselves to sending emails which will most likely fall into the spam tray, these messages will offer you endless opportunities to invest and earn billions, something completely incredible that is obviously not real and turns out to be a 

scam, for this reason preferably the email should be reported so as not to fall for those absurd tricks that scammers ride. 

[Emiperez1209 111]

The easiest way to identify a scam is when you see the address of a wallet, and they tell you to deposit an amount and they will make it grow.

[bldthslr 116]

Usually, the community knows about non-Scam projects, a lot of people on forums, and so on. A Scam is usually disguised as a "normal" crypto project, but if no one really knows anything about this project, as well as about its creators, then it is most likely a Scam.

[Affect579 66]

I think that a lot of fraudulent projects have appeared recently. And to understand whether it is scam or not, it is often enough to evaluate the proposal. If the proposal is too good to be true, then I do not consider it.

[khaleesi2020 115]

Good day,
Well I try to find information from other users if they know about it, I look in the forum, and if he asks me to deposit something to withdraw it is my red alert.

[fahed 106]

A really good question, in order to know that this project is a fraud, you must first search it well and enter and examine the project team and the road map for the project, and then you must look for what the expert people say about the project and also the project can be honest and focus later It may be a fraud, so you must research a lot and not take risks with it. Enter into known and guaranteed projects that are better for you.

[CriptosActivozVzla 83]

On 16/11/2019 at 1:44, corrao25 said:

Si el sitio del proyecto no tiene información sobre el equipo del proyecto, es mejor no invertir en dicho proyecto. También verifique cuánto dinero recaudó el proyecto ICO. También puede consultar el presupuesto del proyecto en icobench.com

We can know that they want to scam us if they offer us to multiply our money in a few hours and receive large amounts of both individual scammers and very well structured pages but the truth is that we must know that it is not true that they can multiply or triple little investment in a short time this It is one of the ways that scammers operate using electronic media such as Facebook and Telegram

[Tetrisreal 219]

The greatest protection is yourself, not giving your cryptos or your secret keys to anyone, serious companies do not ask you for your money to test their products, first what you should do for each project is to inform yourself, test the products and according to it Investing your money It is obvious that in every investment there is a risk of losing but the important thing is that this margin of loss is compensable with the security that you find in the project.

[Matias Conforti 89]

When they do not have a serious and recognized company to back them, or when they offer irresistible percentages, it is when more distrust should be had, it does not usually end well

[Fixfin 2569]

Easy to identify scams after some time and experience, you don't trust a lot and you trust them only with enough time but always have in mind that anything can turn into a scam and can steal your money.

[jhonsu777 63]

This topic is quite interesting since mastering this analysis will help a lot to not lose money on the internet, a few years ago I made a video where I explained how to detect these projects that disappear with people's money, the first thing they should do is go who They are behind the project if they have appeared in the media or have a repository on github, it is important to know if they are real people, to identify the identity you must see that they are academics or recognized entrepreneurs, they must have a verified LinkedIn profile that supports the work of who claims to be, they must not be new profiles, it is important to have a verification as a keybase, the person must have a digital signature and share their public keys to be able to identify them, videos are a good way to identify people when they are shown as they are, You have to be careful with corporate videos since most actors pay and should not trust them, check that the company and dom Web sites are public with data that allows the owner to be traced, there are multiple ways to verify a business or a company, but the best is to gather evidence to analyze well the reputation of people.

[annayks 2314]

I don't need to identify any scam as I don't look for more investment opportunities. I ignore all the scammers and invest in Bitcoin and cryptocurrencies through well known and respected exchanges. They can be of risk too, so I'm moving the coins to wallets, usually when fees are lower and feel safer.

[bogdanoff 3173]

I have gained experience to identify many of them instantly but I always keep in mind that these people are evolving and they can think of anything to scam us so I am always on alert. This is the best you can do and search what they are claiming if it is truth.

[kryptonick 2659]

In emails you don't click any link they give you. You can find the offers they claim by entering the websites the way you did without clicking links. Many are phising links and sometimes the scammers have similar email addresses. Be careful of small changes in characters of email addresses.

[Razan alikac 1899]

Fraud exists in cryptocurrencies more than any other field, because cryptocurrencies are often not tracked and the person who defrauded you cannot be known, in general the only weapon against fraud is awareness.

[Syedbesharat 5423]

On 10/26/2019 at 1:37 AM, dextrolker said:

How do people usually see if something in this cryptocurrencies world is a scam? Emails, websites, products, icos, etc... what is your way of protecting yourself from these scams?

You have to check the project details and most important thing is Team which is real or not. Where you don't know fully  about project and impressed by the project advertisement. Always check thoroughly and find authentic sources to get real projects which is easy to find. Scamming projects can be find easily if you look into. 

[cryptovlek 2597]

On 10/25/2019 at 11:37 PM, dextrolker said:

How do people usually see if something in this cryptocurrencies world is a scam? Emails, websites, products, icos, etc... what is your way of protecting yourself from these scams?

We can protect from scams by learning how to first of all. You say emails, websites and software. Even if you weren't in crypto all of these should be treated as security dangers and scammers will try to infiltrate them, put malware on them, and plant viruses in your computer.

[Viscount 1357]

The best way to protect your self on this kind of scams is for you to be aware of this king of schemes. Your self is the best protection against scams. If you are aware of what the scammers are doing, then I'm pretty sure that you could avoid being scammed.

[Chief executive officer band 681]

I think that with feel you know how to certainly discern rip-off from a habitual airdrop, right and proper to enhanced methodical records and the follow-on agree with a keep a record of trusted and pertinent airdrops. 

[Jromz 2158]

I would say the easiest way to identify a cryptocurrency scam is looking at the possible returns you're being offered, if those are unusually high, then run away as this may be a scam for sure. For example, if someone asks you to send ETH and promises to give you back twice the amount, basic common sense tell us that this is highly unusual. 

[hasaan 289]

The best advice for you is that, don't be greedy. Cause in the most of the cases the members are fall into the trap because the are become so much greedy. When the scam sites offer them the free coins and dollars they are try tp grab their offer and lost their assets.