Looking for crypto scam once you become indulged in the new digital monetary mechanism known as cryptocurrency, you will come to know that there is much risk involved in these transactions. And it is not just about the volatility of the market, as scams are everywhere in the online market, and crypto exchanges are no different. And as you start planning to invest in different startups and exchange platforms, you should consider all the possibilities of losing your crypto investments as a crypto scam is very common.
Crypto Scam:
When you decide to invest in digital cryptocurrency companies, experts highly suggest that you should make sure they are powered by blockchain. It means they can track detailed transaction data easily. Plus, one should confirm that the agencies or companies have solid business plans so that they can easily solve real problems. Here we have a list of the four most common scams that one need to be well aware of in order to avoid becoming a victim.
Imposter websites:
You may be following some solid rules, but still, you can become a victim by accidentally visiting a fake website on the internet. There are a lot of such sites that have been designed to resemble original and valid startup agencies. In order to avoid such sites, make sure the site has a small lock icon that indicates strong security near the URL bar. If there is no such icon present on the site URL address or the address of the site is not starting with the “HTTPS”, then you should think twice while visiting it.
Fake mobile apps:
Another method is the fake apps that are accessible to download through Google Play and the App Store. Even though these apps are removed by the stakeholders, still thousands of people have already downloaded the app before its removal. This is one of the biggest risks for Android users, but still, the users need to consider some important factors while downloading such apps. Check the branding look, misspellings in the copy, and name of the app. Take these points into notice and take a best business rescue adviser.
Bad tweets and other social media updates:
On social media platforms, you should ensure that you are following the authentic and real celebrities and executive accounts. This rule is the same for cryptocurrencies. You don’t have to trust offers that come directly from social media platforms. Be careful, as it is also a crypto scam. Scamming emails is also another scam through which you can lose your money.