How to save yourself from Cryptocurrency scam?

in #scam7 years ago

Due to sudden surge of interest in cryptocurrency there are a lot of scams coming up to rip-off the hard earned money of people.
Yes, most of the time it's our greed which let us fall into such scams but we must know how to save ourselves from such scams.
Due to a high level of scams cryptocurrency is getting a bad reputation and it's also halting its growth.

So how we may save ourselves from such scams---

  1. Almost all the cloud mining companies are scams except for few, please always do thorough research before indulging in one.

  2. Most of the so called faucets giving free Bitcoins are fake, please crosscheck before registering on one

  3. Please do cryptocurrency trading on trusted exchanges only as fake ones may run away with your money

You can check all the scams on Badbitcoin.org and also can report one, they also have list of safe sites.

I wish you all the best on your cryptocurrency journey, be safe.

Let me know in comments if you faced any scams.

Sort:  

Congratulations @sweetboy! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Thank you very much :)

great
i just voted you
follow me
lets help each other :)

Coin Marketplace

STEEM 0.15
TRX 0.16
JST 0.028
BTC 68588.91
ETH 2458.42
USDT 1.00
SBD 2.35