How do you protect yourself from scams in crypto?

[AlphaBeta]

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.

It was not my intention to force my opinion on people, and like you said everyone has their preferences when it comes to choosing an exchange. My point was using that as one example and hoping that others would add their own opinions on how they are able to decide a reliable platform to use.

[AlphaBeta]

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.

Oh no, that's not my point at all, my point was that increase in the user base might suggest that a lot of people trust the services that a particular exchange offers, and if you're looking for a safe platform that's a good place to look, and I was hoping other people would also mention things they look out for when they make that decision.

[Celsius]

Many times, investments cannot be protected from scam projects, especially there are many projects that are not easily identified as fraudulent. These projects manage fund collection very smartly but do not take any steps regarding exchange listing, resulting in all investments becoming worthless. If it is not possible to be cautious about these investments, most investors face huge losses by investing in these projects.

[LogitechMouse]

Re: How do you protect yourself from scams in crypto?

Research, asking questions, know the red flags, knowledge.

These are the 4 things that I think will help you protect from scams in crypto. I don't know when's the last time that I got scammed, or I don't even know if I got scammed when I was still a newbie back a few years ago, and that's because I tried to watch videos on how not to get scammed on YouTube, and that helped me avoid it. I hope that most of the newbies out there will at least equip themselves with information first before investing because they're the ones that scammers want to scam the most as they lack knowledge and experience as well.

[Z-tight]

Bitget is shilling both in this forum and in bitcointalk, i don't know why they didn't think it wise to go for a more reputable type of advertisement. Instead of hiring people to make posts they do not care about, only to find a way to fix the name in there, shameful in my opinion.

[bitterguy28]

I hope that most of the newbies out there will at least equip themselves with information first before investing because they're the ones that scammers want to scam the most as they lack knowledge and experience as well.

there is definitely less expectations when it comes to beginners so if as a newbie you get scammed it is almost expected but actually we need to stop this kind of thinking yes there will always be room to improve but it would be a lot better if from the very beginning you already are caught up to speed and you are already knowledgeable about what to do and what not to do even before you dive into crypto

[bounceback]

I hope that most of the newbies out there will at least equip themselves with information first before investing because they're the ones that scammers want to scam the most as they lack knowledge and experience as well.

there is definitely less expectations when it comes to beginners so if as a newbie you get scammed it is almost expected but actually we need to stop this kind of thinking yes there will always be room to improve but it would be a lot better if from the very beginning you already are caught up to speed and you are already knowledgeable about what to do and what not to do even before you dive into crypto

Its most important for newbie or new comer in cryptocurrency how to protect them self from thousand interested way from scammer, increasing much knowledge and have active communicate at telegram channel airdrop information to know which one way as scam or trust for investing cryptocurrency assets.
Now the scammer moving their scam way for selling scam coins, its must know by beginner when investing at pre sale which one coins have to buy or not if won't loss much money and coins not worth it yet any more after the scammer run away.

[Akinwale Akinkunmi]

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.

Friend, you did speak your mind, but let me clarify something, mentioning this exchange growth was just an example of how some people gauge trust (like seeing crowds flock to a platform). And I don't think it’s actually an endorsement.
In my own opinion for newbies, always DYOR, avoid hyping a project or exchange, and learn the way scammers move to be able to notice their moves.
No platforms is 100% perfect same like Coinbase, Binance and Bitget, they aren’t perfect. The goal isn’t to push the project but to talk about its clean security history and growth (like that insane jump to $600B in trading volume!) are solid signs it’s doing things right. Features like Seed, Pre-market, PoolX and Telegram bots also show they’re focused on users, not just profits.
Appreciate you keeping the convo honest—this stuff matters!

[Freemind]

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

I perfectly understand that we all have a life and we don't always have as much time as we would like. But apart from that we must be “responsible” when starting a thread and be able to continue sharing ideas with other users.

You don't have to worry about the warning, it will disappear automatically in a few hours.

[philipma1957]

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.

Coinbase

Kraken

Have decent records

A trezor hardware is good.

But dealing with established people is big and mostly works

[AlphaBeta]

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

I perfectly understand that we all have a life and we don't always have as much time as we would like. But apart from that we must be “responsible” when starting a thread and be able to continue sharing ideas with other users.

You don't have to worry about the warning, it will disappear automatically in a few hours.

Yeah, I get what you mean, and appreciate your understanding.

[ZAINmalik75]

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 agree with your point, if number of users are increasing this should not indicate that the exchange is trust worthy, to see if a exchange is trust worthy we should see how old the exchange is. How are the reviews of people about this exchange and any lawsuits record with SEC or any other big authority.

We should see the audits and liquidity they have. There are many other things to see if a exchange is trust worthy but the OP did not talked about any, you did right, he will learn from this.

[bhadz]

Let us remove the example you have made about that exchange. One thing to remember on this space is on how we check the platform and how reputable they are based on others and your experience. Many seem to shill such projects and they are obvious to look at. That is why there are reviews that cannot be trusted easily. Therefore, add up all of it together with experience and to avoid other conventional scams is about the gain they promise. A daily promise and quite high amount are unreal.

[vegasus]

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.

This is shilling, yes, indeed.
There are many ways to avoid scams, but essentially, it is how we are able to analyze whether it is really a scam or not. and of course, there are many signs of these scams, especially scam exchanges that we must pay attention to. And one thing for sure is that one way to avoid it is to use a top exchange, and if we live in a country that has regulated crypto, then choose a crypto exchange that has been regulated and registered with the government. that's me.

but for Bitget? hmm, actually it's not too bad, but, do we have to be that optimal and trustworthy on exchanges? Even with the signs I mentioned above, we should still be alert to what will happen next, because something might happen without us expecting it. Therefore, being alert and also always knowing the news will help us a lot.

[taufik123]

-snip-
And one thing for sure is that one way to avoid it is to use a top exchange, and if we live in a country that has regulated crypto, then choose a crypto exchange that has been regulated and registered with the government. that's me.

Yes, now that's what I also do, just use exchanges that are legal and legal in my country and of course it will be safer.

But about how fraud happens in crypto, it has many methods, not only within the internal Exchange but on various platforms there will be scams under the guise of crypto.

It has to be a step ahead to avoid a lot of scams in crypto and has to be more vigilant and don't trust anyone in crypto,
let alone those who are new and suddenly offer investments and such.