How to avoid cryptocurrency scams?

Assalamualaikum

Greetings to you all!
In this world there are a lot of scams that are occurring nowadays and it is not right to say that it's not possible to keep in mind precautions to avoid them so I am sharing some of the steps and precautions you can say by following which you can avoid any kind of scams related to cryptocurrencies.

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1	Educate Yourself	First of all your earning and education should be very strong means you should learn about types of scams that what are these and you should know about at least working of the cryptocurrencies that how cryptocurrencies work and then you should also stay updated about the latest development in crypto world .

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2	Research and Verify	Most of the times we don't research when we invest in something but most of the time due to the carelessness we also become victim of any fraudulent activity that's why before investing in any cryptocurrency or in any kind of project it is important that you should focus on self research because research that you can make for yourself no one else can made for yourself and for researching about particular cryptocurrency and project there is a need to verify the background and credibility of the team who is behind a particular cryptocurrency or project and you can also take help from the most trusted resources that can provide you authentic news.

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3	Be Wary of Unrealistic Promises	There are something in which you can judge that it could be a scam and it is then if there is any investment opportunity you have in your life and a specific project is giving you a guarantee of giving you tokens or personal benefits without any kind of risk then it could be most likely a scam because cryptocurrency investments always comes with risks and benefits are not always guaranteed.

4	Secure Your Wallet	Sometimes due to low quality wallet and unreputable wallet you may also keep your tokens into security risks so it is always important to choose a reputable cryptocurrency wallet and ensure that they have robust security features like two factor authentication as well as regularly update related to your password changes.

5	Avoid Suspicious Links and Emails	I have absorbed and statistics also defines that nowadays sending suspicious links and emails activities are increasing with the message of time so such kind of phishing attempts you should always avoid like you should not click on any kind of suspicious link and you should not download any kind of suspicious attachment and there are also double check email addresses offers available for doing such kind of scams so keep in mind all these things for your prevention of tokens.

6	Use Trusted Exchanges	If you want to trade your assets so it is important to not that for buying and selling purpose you should use a well known exchange and if you are using an exchange which you have never used before then it is important to research about it also related to its security measures ,reviews of different users on it and regulatory compliance.

7	Beware of Pump and Dump Schemes	You should always be very preventive about sudden price increase and decrease because there are some schemes that create hype at social media and try to manipulate the system and these schemes always artificially infrared the price before crashing and leaving investors at lost in this way.

8	Don't Share Private Information	This thing is very important is the keep your private information safe because if it is private information then it should be private not should be public so you should not share any kind of your password and sensitive information with anyone how much that person is close to you.

9	Seek Professional Advice	I agree that I am emphasizing all the importance of self research but it doesn't mean at all that you should not take professional advice from a person who is more perfect and professional than you and especially if you have opportunity of investing but you are feeling something suspicious and fraudulent activity then you must consult with the financial advisor and seek guidance from him that what he is saying about that particular project.

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At last I must say that these were the steps for preventing yourself from any kind of scam related to cryptocurrency but you all already know that Crypto currency nature is highly evolving and innovative and there are new rules that may come with the passage of time so it is important that you should stay updated about latest happenings in the Crypto world because it would make you more stronger by enhancing your steps of getting rid of and preventing yourself from any kind of scam.

Have a blessed day