Four Common Cryptocurrency Scams

Cryptocurrency trades are constant, if you transfer it to a third party, you cannot reverse it or stop amount. When you send it to a blockchain address, you must be sure of the legitimacy of any connected other systems and exporters, and only convey it to beings you trust.

1) Fake mobile calls & Fake emails

Fraudsters set up trick clients support phone lines and represent a category of companies including in the finance, retail, telecom, and service industries. These defraud phone numbers are spammed on the internet, attracting simple victims asking assistance. The cheater may also conduct outbound calls directly to possible sufferers. These defrauders are experienced in social engineering, making false claims to sell and manipulate their target into providing personal information that will be used for fraudulent purposes.

Technique to Avoid

  • Never provide support agents a remote approach to your machine. This delivers the deceiver full access to your computer, online financial reports, and digital records.
  • Do not give anyone your 2FA (2-Factor Authentication) security codes or passwords. Coin base agents will never ask you to share sensitive confirmation documents.
  • Not to convey cryptocurrency to external addresses on the service of alleged payment agents.


2) Investment Scams:

Scammers usually set up genuine websites, email addresses, and social accounts for false trading aids, investment propositions, cloud mining services, Ponzi schemes, and security services. They pretend to high profit, and often unreliable, yields if you send cryptocurrency. These services may sever communications after deceiving you into sending large products of cryptocurrency.

Technique to Avoid

  • Be careful of websites or services engaging high returns or unrealistic investment chances.
  • Only give cryptocurrency to trusted third parties. Search for publicly valid reviews or articles involving the receiver.
  • Watch for logical errors in discussions or on websites. Scammers often make grammar or spelling mistakes.
  • Investigate the organization completely. Review consumer-protection web sites and make telephone calls and send emails to verify authenticity.

3) Loader or Load-up Scams:

Fraudsters usually recommend “loading” services on a type of platform. They claim to need accounts with high limits, offering the victim a portion of the rewards. These scammers use stolen credit cards on compromised accounts to continue payment fraud. The result is the victim is left with payment faults after the legal cardholder discovers the cheat, the scammer often steals any available cryptocurrencies and they unauthorized charges on verified payment systems. Be informed, you are responsible for any cash submitted using your authentication credentials.

Technique to Avoid

  • Never give your passwords or safety codes to third parties under any situation.
  • Report any “loaders” and to the platform where they are promoting their credit card fraud.

4) Employment Scams:

Scammers will represent recruiters with fake job offers, actively exploring situations to steal cryptocurrency and secret information. Most usually, the scammers will reach out to people who have posted their resumes online, and ask for payment to begin practice. These “business offers” often involve convincing offer letters and they may ask for confidential personal information.

Technique to Avoid

  • All legal work postings will be posted, No other URL should be trusted for department listings all authentic.
  • Communications will come from email addresses Please report.
  • Any impersonations or fake projects advertise scams to security.