How to Identify Cryptocurrency Scams

[darexgeorgieviya04]

How to Identify Cryptocurrency Scams?

[sashavich04]

I do not have enough experience, but I have read in a few sites to avoid :
phishing emails(receive an unsolicited email )
Avoid sites that are not trusted (do not contain https Smiley study the team of project
check the the White paper

[Aya]

Check the credibility of the exchange site thoroughly and always protect your private keys.

[PALM]

If you apply some common sense, almost all scams can be detected easily, nothing is usually free. Yes I know giveaways exist out there but even those are not free, they usually require you to do some small task like retweeting something. Classic scams like: Hey I'll send you 1 BTC but you have to send me 0.01 BTC first, are clearly scams and if you fall for those, I don't know what to tell you.

ICO's on the other hand can be quite tricky. Obvious scammy ICO's exist and are easily detected but they are getting more and more sophisticated. It is really risky to invest in ICO's right now even if you do your research. Some ICO's have scammed in the past even though their team was real so that's not always an accurate way to determine whether the ICO is a scam or not.

[Trader_Rob]

If you apply some common sense, almost all scams can be detected easily, nothing is usually free. Yes I know giveaways exist out there but even those are not free, they usually require you to do some small task like retweeting something. Classic scams like: Hey I'll send you 1 BTC but you have to send me 0.01 BTC first, are clearly scams and if you fall for those, I don't know what to tell you.

ICO's on the other hand can be quite tricky. Obvious scammy ICO's exist and are easily detected but they are getting more and more sophisticated. It is really risky to invest in ICO's right now even if you do your research. Some ICO's have scammed in the past even though their team was real so that's not always an accurate way to determine whether the ICO is a scam or not.

I agree with you about those sketchy sites who ask for payment for giving you a higher amount. Accomplishing other tasks is good but if they start to ask money from you, then avoid them right away.

[Sendo12]

I say always check the domain of the exchange site. There are many fake websites lurking around and they copy the sites to the most minor detail. The same goes with fake mobile applications or fake accounts of influencers.