How do you protect yourself from scams in crypto?

[AlphaBeta]

I'm sure telling you about how risky crypto and the crypto space is, would not be news as we've seen so many instances and examples in recent times.

At this point, I think the most important thing to know is how to ensure that you don't fall for these schemes, especially with projects you want to invest in or the exchanges.

For example if I'm looking to choose an exchange right now, I'd be looking for information that points towards safety. For example, the article that talked about Bitget userbase increasing by 400% in 2024 shows that a lot of people trust the exchange and that can't be a coincidence.

You can also check track records, quality of service etc, and this can help you make a decision. Of course this is not all to look out for, and I'd appreciate more examples regarding this.

[hugeblack]

Increase in the number of users != Trust in the platform, if the number of Bit get users was 30 users and the number rose to 30,000, this is a big increase, but it certainly does not mean trust in the platform or that it is better than a platform that increased by 1%. In short, trying to promote this platform has become disgusting and I hope it is banned here.




-1

[philipma1957]

yeah this thread is an obvious way to get a name out there.

use a legit question for the title

then promo the exchange.

one way to beat scams is do not fall for threads that are started this way.
another way is talk to long term members ask them what exchanges do you use.

[rdluffy]

Information is the best way to prevent scams
Since you're on the forum, I suggest asking questions and creating threads when you have any doubts, or reading the threads that contain good information

Outside the forum, the official X pages, Discord and large crypto users can also provide you with good information to keep you away from scams, because usually when there is a problem with a crypto service, people comment a lot, and in these groups I mentioned above, you can always base yourself

[Freemind]

AlphaBeta, I'm very tired of BitGet and it seems I'm not the only one. Looking at your posts I see that you have opened about 10 threads, which is very good, but I have only seen that you have continued the conversation, giving your point of view, in 2 of those threads, which is very bad. The threads are opened to create conversation and give opinions, so we all learn and contribute.

You have a 20% warning.

That said, I warn you that if this BitGet dynamic continues like this, the measures to be taken will be drastic.

[target]

Increase in the number of users != Trust in the platform, if the number of Bit get users was 30 users and the number rose to 30,000, this is a big increase, but it certainly does not mean trust in the platform or that it is better than a platform that increased by 1%. In short, trying to promote this platform has become disgusting and I hope it is banned here.

-1

lol

I also can't believe so many users have shilled this exchange but its true though that the price of its native token had increased tremendously. It doesn't look very natural that so many users are shilling, I'm sure though its beneficial to them to promote it especially if they have invested in that Bitget Token. Exchange token seem to be one safe investment though.

If one person really need to protect himself from crypto scam, he  can just buy BTC and that's it. No need to invest in something else.

[Sim_card]

OP, I think that you don't need to come here and tell us which exchange is best because we all have our various exchanges that we use due to ourown personal reasons. If bitget is good for you and you are enjoying some benefits, is nobody problem but stop coming here to act smart by trying to promote them.

[Findingnemo]

The user already got the watched tag for Shilling the name and from ourselves we can reward them with a negative Karma for not to repeat the same.

Exchange is not really a place where scams happen, it's just the investment platforms which claim huge returns on daily and weekly basis that's too good to be true.

BTW, Bitget got one of those?

[|MINER|]

Increase in the number of users != Trust in the platform, if the number of Bit get users was 30 users and the number rose to 30,000, this is a big increase, but it certainly does not mean trust in the platform or that it is better than a platform that increased by 1%. In short, trying to promote this platform has become disgusting and I hope it is banned here.
-1

I definitely believe this user has opened or will open many topics just to increase his activity.

But I have a doubt that the exchanger like bitget have need these like low grade promotion although I don't much use the Bitget but use some few time, I haven't face any issue. But when we have the better option like binance and the others top exchanger why do we will chose this.

And obviously I don't believe on the quantity because these exchangers can easily gain millions of user by creating only airdrop, and I think the op saying about those.

[JoyMarsha]

To you, is Bitget Exchange the best way to stay out of scams? What of newbies who are not in this forum? Should we advise them to open an account with Bitget Exchange, forgetting to tell them the necessary things that they should be aware of to avoid experiencing scams in crypto? I was expecting you to list and clarify the issue of scams and how to avoid them rather than shilling on Bitget exchange, whereas there are top trusted crypto exchanges that people trusted than Bitget.

[AlphaBeta]

Increase in the number of users != Trust in the platform, if the number of Bit get users was 30 users and the number rose to 30,000, this is a big increase, but it certainly does not mean trust in the platform or that it is better than a platform that increased by 1%. In short, trying to promote this platform has become disgusting and I hope it is banned here.




-1

I'm not even saying it neccesarily means you can trust the exchange, I'm just sayin the increase signals that a lot more people trust the exchange with their assets and their trades, for different reasons.

[AlphaBeta]

yeah this thread is an obvious way to get a name out there.

use a legit question for the title

then promo the exchange.

one way to beat scams is do not fall for threads that are started this way.
another way is talk to long term members ask them what exchanges do you use.

Personally my approach was to mention what I thought about the topic, and I hoped that others would add their tips and suggestion as well.

[AlphaBeta]

Information is the best way to prevent scams
Since you're on the forum, I suggest asking questions and creating threads when you have any doubts, or reading the threads that contain good information

Outside the forum, the official X pages, Discord and large crypto users can also provide you with good information to keep you away from scams, because usually when there is a problem with a crypto service, people comment a lot, and in these groups I mentioned above, you can always base yourself

I get what you mean, thank you very much mate.

[AlphaBeta]

AlphaBeta, I'm very tired of BitGet and it seems I'm not the only one. Looking at your posts I see that you have opened about 10 threads, which is very good, but I have only seen that you have continued the conversation, giving your point of view, in 2 of those threads, which is very bad. The threads are opened to create conversation and give opinions, so we all learn and contribute.

You have a 20% warning.

That said, I warn you that if this BitGet dynamic continues like this, the measures to be taken will be drastic.

I understand, and while I was only referencing them to butress my point, I see how this might come across as mw having alterior motive, but that's not my intention. I was hoping other people would take a cue from my example and give other tips on how they avoid these scams.


That said, I'd also work on engaging my threads, it can just get very overwhelming sometimes.

[AlphaBeta]

Increase in the number of users != Trust in the platform, if the number of Bit get users was 30 users and the number rose to 30,000, this is a big increase, but it certainly does not mean trust in the platform or that it is better than a platform that increased by 1%. In short, trying to promote this platform has become disgusting and I hope it is banned here.

-1

lol

I also can't believe so many users have shilled this exchange but its true though that the price of its native token had increased tremendously. It doesn't look very natural that so many users are shilling, I'm sure though its beneficial to them to promote it especially if they have invested in that Bitget Token. Exchange token seem to be one safe investment though.

If one person really need to protect himself from crypto scam, he  can just buy BTC and that's it. No need to invest in something else.

Thing is I understand what you mean about my post looking like a shill, but it was just me making an example, and I used that exchange because I saw that article about them on X just before I made the post.

And I thought to see what people here thought about it. That said, I do agree with your thoughts as regards BTC.