Crypto scams identification

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Assalamualaikum steemians

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How are you?Hope so everyone would be safe and sound just like me as I am also safe Alhamdulillah...

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Crypto is really a big field and no one can deny it's importance.I would like to share to share today about its scams involved and precautions we can take.

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Now these are some major signs for helping identifications of crypto scams:

Unsolicited offers

Be alert about any unexpected message or email which seems to be very promising about giving unusual benefits or guaranteed opportunities for making investment.

Pressure tactics

Scammers most of the time create sense of urgency for making investment in a quick way without permitting time for research or for due diligence.

Unregistered or fake exchanges

Verifications of exchange's registration and reputation before making any decision related to investment.

Unlicensed or unregistered investment products

Ensuring of investment product have been registered and have compliance with regulatory needs.

Unrealistic promises

Be alert about for sure or guaranteed or unusually big returns because they are mostly unsustainable.

Lack of transparency

Legitimation of investments is providing true information about risks involved with investment and fees.

Unverifiable or anonymous teams

Researching of team and their credentials for ensuring that these are authentic and experienced.

Poor website quality or unprofessional communication

Legitimation of investments especially have specific websites and communication.

No clear investment strategy

Be alert if any investment strategy is not clear or don't align with conditions of market.

Difficulty withdrawing funds

Scammers could have problem in accessing to funds or imposing much fees.

Unusual payment methods

Be wary of requests for making transfers of wires, gift cards, or crypto payments for strange addresses.

Fake social media profiles or testimonials

Verifications of testimonials and profiles for having a surety of authentication.

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If you want to avoid falling victims related to crypto scams then follow these things I am describing below 👇

1. Verification of the investment and all credentials of team.

2. Setting of most precise,clear investment goals and tolerance about involved risks.

3. Don't invest in mpre than you can afford to waste.

4. Be alert about unsolicited offers and pressure tactics.

5. Keep yourself up-to-date about emerging market news and trends.

6. Keep on using reputable exchanges and wallets about which you have somehow ideas already.

7. Enabling of two-factor authentication and usage of strongest passwords.

8. Monitoring of your accounts at regular basis.

Keep in mind that if there's an opportunity seems much profitable to be true, it likely is.You should must give priority to be cautious and have a proper and thorough research when you are going to invest in cryptocurrencies.

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Thanks

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