Avoiding Cryptocurrency Scams

Scammers send fake emails or messages that mimic legitimate crypto platforms, tricking users into entering their private keys or login credentials on fake websites.

These scams promise high returns with little risk, paying early investors with funds from new participants instead of legitimate profits.

Fraudsters impersonate celebrities or well-known crypto figures, promising to double any crypto sent to their address—but victims receive nothing in return.

Developers hype a new cryptocurrency project, collect funds from investors, and suddenly disappear, leaving the token worthless.

Scammers create fake trading platforms or mobile wallets that steal users’ funds as soon as they deposit cryptocurrency.

Always check URLs carefully before logging into an exchange or wallet. Use official sources to verify website addresses.

Your private key is like a password—if someone gets it, they can steal your cryptocurrency. Legitimate companies will never ask for it.

Investigate projects thoroughly before investing. Look for transparent teams, whitepapers, and real-world use cases.

Stick to well-known and highly-rated crypto exchanges and wallet providers to minimize the risk of fraud.

Adding an extra layer of security, such as 2FA, helps prevent unauthorized access to your crypto accounts.

Notify relevant authorities, such as the crypto exchange, financial regulators, and consumer protection agencies.

Change passwords, revoke any suspicious API access, and enable security features to prevent further losses.

Share your experience with crypto communities and online forums to prevent others from falling victim.

Cryptocurrency scams are evolving, but by staying informed and taking precautions, you can protect yourself from fraud. Always verify sources, use strong security measures, and be cautious of offers that seem too good to be true.