Cryptocurrency scams that you can easily detect

in hive-175254 •  last year 

Cryptocurrency is getting more wide and more people are also getting into cryptocurrency, cryptocurrency is a system filled with so much opportunities, so many people made their first fortune with the existence of cryptocurrency and cryptocurrency provides other strategies which are different from the norm we use to have.


Scammers have however made the crypto world an easy way to dupe people of their funds simply because the transactions are highly anonymous and difficult to detect who is behind a transaction except you decide to make it obvious. A lot of new users and even old users of cryptocurrency often fall into the scam of cryptocurrency and here is a list of things you should be really careful about when scrolling through the cryptocurrency world.

Be very careful about those who call themselves fund managers, these fund managers always have a fake profile picture of a popular person and they input their WhatsApp number for everyone that wants to trade with them, these scammers often upload testimonies of those who traded or invested with them and got double of their funds in less than 24 hours, they make the investment policy appear really easy and convenient for anyone to get involved with and this way a lot of people fall into their trap.


Be very careful with binary trading scams, they tell you how they will connect you with people that will connect you with others who also are trying to earn in the cryptocurrency world, you form a type of colony that will require you to get more people to invest in the system and you just have to keep looking for more people to invest if you ever want to earn from the system, which is of course one serious way to make people lose their funds so you have to abstain from things like that.

Those who tell you to invest your bitcoin and get double of it are very great scammers, even if they frequently upload testimonies from those who may have obtained result from the scheme you need to understand that you have to run as fast as your leg can carry you whenever you hear about things like that, it is a scheme that is very dangerous and it is only to make you lose the little bitcoin you may have gathered.

You also have to run away from things that promise very high investment returns, there are good ways to earn in the cryptocurrency space truly, but you also have to be really careful with schemes that appear too good to be true because they might just be too good to be true indeed.

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