How Do You Avoid Scams in Crypto Currency Scams

[Nomad]

Recently, I read somewhere that crypto scams account for around $3 billion. That’s a huge amount of money. One main reasons why a lot of people don’t try crypto is because they are afraid of scams. One of the best ways to avoid scams is to avoid using exchanges and wallets that are not popular. Always choose the platform that have been around for a long time. Always stick to trusted exchanges like Binance or coinbase where you can invest and exchange safely.

 

[Stardom22]

I have been once scammed on the cryptocurrency scene. When l was new to the venture, l used exchanges that was actually scamming and l lost my coins over there. Sticking around on the well known exchanges is the main secret for one to survive in the venture.

 

[Suba]

A few years ago I was trapped by several scam crypto investment platforms, and now I no longer believe in cloud mining and crypto staking investment platforms, but ICOs are still more difficult to research than IPOs,

 

[Augusta]

Never click on a link from an unexpected text, email, or social media message, even if it seems to come from a company you know.

 

[Trush Jodie]

Always ensure that you are using mainstream crypto exchanges. Those ones have a reputation to protect and won't scam users.