Cryptocurrency world is evolving and with that scammers too. Cryptocurrencies are valuable assets now and there is always something related to cryptocurrencies that get released every day. Scammers will try to win you with lucrative offers but don’t give in. They will go to any level to fool you. Recently, SEC warned investors of the cryptocurrency scams.
In this article, I have compiled different methods by scammers can steal your precious altcoins.
The reason behind the popularity of Ethereum is its ability to host tokens. Although a great crowd sale platform, it attracts lots of scammers too. So, before buying any ICO’s, read about the company on forums and social media.
Even exchanges may get hacked or some exchanges are scams. For the safety of your coins, withdraw every time you buy new coins.
All over the internet, for example, Forums, blogs, websites and social media sites, there are people who would ask you to lend them some Bitcoins and other altcoins for lucrative interest on it, don’t fall for it.
4. Fishy links
There is this new method, scammers are using links to steal your coins. They will lure you to click such links to open your cryptocurrency wallet and steal the wallet information.
Some apps ask you money to let them trade on behalf of you, some can hack your wallet details. These days, you can’t give away your personal information so easily. Read reviews of apps and sites you are going to invest time and money.