Fraudulent platforms mimic legitimate exchanges to lure users into depositing funds
Always verify the exchange's credibility through reviews and official listings to avoid falling
victim to fake exchanges. Promising high returns with little risk, Ponzi schemes use new investors
funds to pay existing ones. Avoid schemes that guarantee unrealistic profits or require
recruitment to protect your investments. Scammers send emails or create websites mimicking legitimate crypto services to steal login credentials or private keys
Always verify URLs and enable two-factor authentication to safeguard your information. Groups artificially inflate the price of a low-cap cryptocurrency through hype
then sell quickly, causing the price to crash. Be cautious of sudden price spikes without
fundamental reasons. Scammers create fake initial coin offerings or token sales, promising revolutionary projects but disappearing with investors' funds
Research extensively and verify project legitimacy before investing. Malicious software targets crypto wallets to steal private keys or credentials
Use reputable antivirus software and store crypto in secure, reputable wallets to protect
your assets. Verify identities and avoid sending funds to unknown entities. Stay informed, verify
sources, conduct due diligence, and prioritize security measures like cold storage for long-term
holdings. Report suspicious activities to relevant authorities