The More Famous, The More Scammers in BSC !!

[therozaq]

The factor for the scam is not BSC, although BSC got attractive at a point for investors that believe BSC transaction fee can increase the volume of trade also with the availability of more decentralized exchanges for BSC projects. It does not mean the neccesary research should not be done.

You're right, the scammer is not only on BSC.
There are many scammers at every platform, in Ethereum, BSC, TRX etc.
Maybe for now , Finance Smart Chain is more popular than other  on bep20.
everyone can create new coins easily there .
And we all see many new coins has been created on there.
So,  be careful and always have good analysis and do research before invest on it.
crypto currency is identified as anonymous.
Scammers is any where...

[NikeFit_7777]

The factor for the scam is not BSC, although BSC got attractive at a point for investors that believe BSC transaction fee can increase the volume of trade also with the availability of more decentralized exchanges for BSC projects. It does not mean the neccesary research should not be done.

You're right, the scammer is not only on BSC.
There are many scammers at every platform, in Ethereum, BSC, TRX etc.
Maybe for now , Finance Smart Chain is more popular than other  on bep20.
everyone can create new coins easily there .
And we all see many new coins has been created on there.
So,  be careful and always have good analysis and do research before invest on it.
crypto currency is identified as anonymous.
Scammers is any where...

I completely agree with you. Scammers are not dormant, it's one thing to buy cryptocurrency, it's quite another to hold it until the price rises. How many hacks have already happened, how many times contracts have been forged, addresses changed, etc. It is worth reading news about hacks more often to be ready for any outcome of the situation. And then, the scammers will not get to us. 

[Shahinaz]

Fraud will always exist not only on the BSC network, but on all networks that are being hyped, therefore always be wary of these fraudsters, never be tempted by double profits a second time on coins that are being fomo

[Doovla]

Now,many new project create airdrop to steal assets from users crypto wallet,they find out about wallet address easy because of the task they give and apparently they start some bots or tools for sending your assets to they wallet perminately. Be careful ,do your own reasearch and if you find that project is not trustworthy do not apply.

[jonathancool220]

Binance Smart Chain (BSC) is already well-known, and all of this is the result of Binance's owners being very innovative in advances in cryptocurrency technology.
But it's true, the OP said that the more famous people there are, the more scammers or fraudsters there will be in the cryptocurrency environment. So, becarefull guys.
I once experienced being trapped in the Binance Smart Chain (BSC) token. At that time I saw a trend on the token purchasing platform at PinkSale, it turned out that all the scammers gathered at PinkSale.

I can't provide concrete evidence, but I felt a lot of irregularities during the Launchpad at Pinksale.
Like the token purchase which only lasted a matter of seconds, the Dev didn't Add Liquidity on Pancakeswap and that was my bad story when I was in the Binance Smart Chain (BSC) token environment.

[silkytakyaan86]

Maybe, you are right. We cannot call Binance guilty. But now there are a lot of scam projects in the crypto market, which make a lot of claims. But In the end he turns out to be Ford.

[dekafee79]

I often see IDO platforms that use tokens from BSC, for projects 1-2 months the project has a very good coin graphic but after that the coin does not have a good advantage and ends up being Dead/Scam.

Of course, really easy to create BSC token.
I think It makes many scammers  there.
But not only in binance smart chain, at other network also there are many scammers.
We should be careful to invest in new coins , not only BSC coins.
Do research and learn their team and social media.
But I suggest, better buy old coins or top coins. Those are more safe..

[damsix]

I often see IDO platforms that use tokens from BSC, for projects 1-2 months the project has a very good coin graphic but after that the coin does not have a good advantage and ends up being Dead/Scam.

We should be careful to invest in new coins , not only BSC coins.

I'm also still confused about the perfect way to avoid these scammers, I ask a lot of friends on local boards and they also often help me to avoid things like that but in fact there are always these scammers, whether it's from phishing websites, strange tokens or an exchange (CEX) that went bankrupt.
It takes knowledge, experience and various methods to find out if the newly created coin will end up Dead/Scam because every time these Scammers continue to upgrade their abilities.
Binance Smart Chain (BSC) is a trending topic and of course these scammers are targeting the network and they easily spread strange tokens to all wallets.

[UNIVERSE]

Of course, really easy to create BSC token.
I think It makes many scammers  there.
But not only in binance smart chain, at other network also there are many scammers.
We should be careful to invest in new coins , not only BSC coins.
....

In fact, the tokens created on the BSC Blockchain are not much different from what used to happen on the ERC-20 platform. because it is very easy to create these tokens. So yes, more and more scammers are coming into this crypto business by relying on tokens from BSC or others. And what's worse is that currently it is very easy to make a project very famous and create FOMO among potential investors, especially beginners who don't really understand about investing in cryptocurrency.

That's why we have to be extra careful not to believe in new projects based on BSC or other Blockchain, especially those that make very high promises, even good to be true.

[sampoerna]

Hahaha
It seems like this is a personal experience or the experiences of other people which in fact can be very valuable learning for us when we want to invest in new projects whether they are based on BSC, Ethereum or other types of blockchain. Because after all, the convenience that we can get there creates an opening for scammers to make it easier and faster to create projects to market to their targets.

And to anticipate this, we really have to understand what usually happens on the project so that we can avoid these scams. Unfortunately, one of their targets is usually beginners who don't really understand investing in cryptocurrency. So, beginners, it would be better if you stay away from new projects like this even though their promises are very high

[Captain Corporate]

I think it is less about fame, but more about the gas fee that BSC has. We can see that we are paying a lot for both bitcoin and also ethereum is getting more expensive as well, its quite common, even during the bull run of 2021, bitcoin went up and became very high to send/receive very quickly, but ETH did not stay cheap, it went up a lot as well, even right now without bull run it is higher than BSC at the moment. So scammers know that people would not be willing to send so much to people while also paying that much fee, but they can convince people to pay very little, and then convince a lot of people instead, that would make a lot more profit.

[damsix]

Unfortunately, one of their targets is usually beginners who don't really understand investing in cryptocurrency. So, beginners, it would be better if you stay away from new projects like this even though their promises are very high

yes that's what I mean, this beginner is the target of the scammers BSC.
We all know that the name of the beginner must be very enthusiastic to pursue things he just found out.
I see also in various forums and telegram channels a lot of beginners who are hit by dusting attacks, drain wallets BSC and various kinds of fraud.
It is difficult for us to be able to avoid these scammers, except for ourselves who are introspective by learning from other people who have known for a long time in cryptocurrency.

[IvugeoEvolutionCoin]

yes that's what I mean, this beginner is the target of the scammers BSC.
We all know that the name of the beginner must be very enthusiastic to pursue things he just found out.
I see also in various forums and telegram channels a lot of beginners who are hit by dusting attacks, drain wallets BSC and various kinds of fraud.
It is difficult for us to be able to avoid these scammers, except for ourselves who are introspective by learning from other people who have known for a long time in cryptocurrency.

Usually, traders are easily influenced by the offers of profits made by scammers due to their lack of experience in the correct way of trading, and there are even beginners whose wallets are sometimes drained because they connect to website wallets, which can apparently steal users' wallets.

[pacar_tiri]

yes that's what I mean, this beginner is the target of the scammers BSC.
We all know that the name of the beginner must be very enthusiastic to pursue things he just found out.
I see also in various forums and telegram channels a lot of beginners who are hit by dusting attacks, drain wallets BSC and various kinds of fraud.
It is difficult for us to be able to avoid these scammers, except for ourselves who are introspective by learning from other people who have known for a long time in cryptocurrency.

Usually, traders are easily influenced by the offers of profits made by scammers due to their lack of experience in the correct way of trading, and there are even beginners whose wallets are sometimes drained because they connect to website wallets, which can apparently steal users' wallets.

Crypto users need to be careful of fake wallets and phishing attempts. Phishing can occur through fake websites or fake messages that try to obtain a user's personal information or private keys.

There are many scams and Ponzi schemes in the crypto world that promise huge profits but actually aim to steal funds from investors. These could be fake projects, fake ICOs (Initial Coin Offerings), or fake investment schemes.

Unsecured or under-secured crypto exchanges can become targets for security attacks. Traders should choose a trustworthy exchange and understand the security measures implemented by the exchange.

[Asiska02]

There are many steps like this in the cryptocurrency environment, so be careful !
We have to be careful with the various types of fraud that exist on IDO or ICO platforms that use the Binance Smart Chain blockchain.
I often see IDO platforms that use tokens from BSC, for projects 1-2 months the project has a very good coin graphic but after that the coin does not have a good advantage and ends up being Dead/Scam.

Actually, BSC network tokens played a very vital role in the last bull run and that made a lot of people get interested in their tokens. Projects are now using that to lure people into investing in tokens covered in disguise in the name of the BSC. The blockchain will also want to be more versatile after their prestigious recognition at last bull run but shouldn’t make it look so simple to allow tokens into their blockchain easily. Like it has always being said repeatedly, do your own research.