How to recognize a crypto scam
Recognizing a crypto scam for a beginner can be complicated.
Here are some signs to know to avoid falling into scams:
đ˘ Promises of gains that are too good to be true.
There are projects or people who promise you guaranteed returns or quick profits with no risk.
In crypto, nothing is guaranteed, and quick gains are often big traps.
To avoid this scam, you should always do your own research (DYOR) on the project presented to you, also check the project on CoinMarketCap, and be wary of unrealistic promises.
đ˘ Phishing and fake sites/apps
Recognizing this type of scam is very simple. People write to you privately or by email asking you to click on a link to "get a reward" or to "verify your wallet".
These links often lead to fake sites imitating legitimate platforms.
đ If you want to avoid falling for this type of scam, never click on suspicious links.
Check the URL of the site you want to connect to (for example: Binance.com, and not Blnance.com), download apps only through official stores or verified sites.