How do you protect yourself from scams in crypto?

[NotATether]

Answer: Trust no one.

There is a reason why the motto of Bitcoin is "don't trust, verify". You don't have to trust any intermediary with your money, nor do you have to trust anybody who is promising you to get more money because you can simply choose to not do anything and that would be the action of "verifying".

[Crypto Library]

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.

I think the most effective way to scam and do this is when a new platform advertises that they can earn unrealistic amounts of profit by starting their service. People are easily attracted to such ads and invest.
And this is mostly admitted by those who are new to this sector because they cannot check the platform which is good or which is bad. So first I think we have to avoid our greed to stay free from crypto scam.

[DavetJack]

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.

I think the most effective way to scam and do this is when a new platform advertises that they can earn unrealistic amounts of profit by starting their service. People are easily attracted to such ads and invest.
And this is mostly admitted by those who are new to this sector because they cannot check the platform which is good or which is bad. So first I think we have to avoid our greed to stay free from crypto scam.

Brother, what you said is absolutely right. Since we are Bengalis, we cannot handle greed. We see that if a new investment site comes out, if it is said that if you invest here, you will be given a 70-80% bonus. Hearing this, our heads are not right, then we do not think whether this platform is still perfect for investment or not. Whether I can be cheated here. When we are a victim of scamming, we blame all the sites and say that no investment site is good, then this comes to our mind. So I will say that if we ever go to invest in any site, we must first know what the site is like. Whether it will be perfect for investment or whether we can be successful if we invest here. I shared my opinion.

[taufik123]

-snip-
So first I think we have to avoid our greed to stay free from crypto scam.

Greed depends on how each person's psychology is, if they can't control it, they will be more vulnerable to being able to fall into the traps that have been provided by scammers.

It is not easy, but this takes a process so that no more people manage to fall into the trap.
Make sure everything is legitimate by doing various research to find out what scammers will do, to deceive someone.

[Z-tight]

Make sure everything is legitimate by doing various research to find out what scammers will do, to deceive someone.

Scammers usually put their victims on the spot, and they can't think right at that moment, while their greed does the rest. I believe that if one is not greedy, they cannot fall victim to some of these cheap tricks that scammers use. People in the community should take their time to learn about the modus operandi of scammers, so they can avoid it when faced with it.

[bayu7adi]

Make sure everything is legitimate by doing various research to find out what scammers will do, to deceive someone.

By not sending money to people we don't know, we can avoid fraud, right? Sometimes what causes us to become victims of fraud is excessive curiosity and greed... getting money by paying money in advance and without effort is something that is still interesting today... from there, several fraud techniques actually began to emerge to manipulate the minds of victims...

Beware of offers of something that is easy to do and offers high profits in a short time, we should be wary of such interesting things...

[jeraldskie11]

Make sure everything is legitimate by doing various research to find out what scammers will do, to deceive someone.

Scammers usually put their victims on the spot, and they can't think right at that moment, while their greed does the rest. I believe that if one is not greedy, they cannot fall victim to some of these cheap tricks that scammers use. People in the community should take their time to learn about the modus operandi of scammers, so they can avoid it when faced with it.

Sometimes if we're too fast we didn't notice that we made mistake. Let us say we are sending money to a different address, but because we're too fast we copied the wrong address. You know, there are many scams here crypto and some of them is not familiar to us. That's why it is very important to double check the address or our actions if we are sending money because we can't cancel it once the transaction is completed. And if we are lack of knowledge into a thing, we should take a pause and do a research so that we will know exactly what to do, because there is no replay.

[albon]

Like all investment the cryptocurrency is inherently unstable so any promise of continuous profit is a big warning signal. If you buy any crypto for additional profit without research, there will be a higher amount of losses chance. The fraudsters often use high pressure techniques to hurry the victims under a limited time proposal, so avoid identifying all these techniques. The fraudsters often communicate through social media platforms or email presenting unwanted investment opportunities.
The first line of defense is to be aware of the potential investment or to be aware of the scandal.

[Crypto Library]

Greed depends on how each person's psychology is, if they can't control it, they will be more vulnerable to being able to fall into the traps that have been provided by scammers.

It is not easy, but this takes a process so that no more people manage to fall into the trap.
Make sure everything is legitimate by doing various research to find out what scammers will do, to deceive someone.

I have No issues  agree with your opinion, because it is really the real truth that for a beginner who jump into crypto space for making money to control is psychology for putting the greed level down.
And if it is that is it to do then we will never see the billions billions dollars scams in this space not only in this space we are also seeing the traditional spaces.
So I also think that in this current digital era it should be promote every where to know how to do the various research before investing.

[Z-tight]

Sometimes if we're too fast we didn't notice that we made mistake. Let us say we are sending money to a different address, but because we're too fast we copied the wrong address.

It is important to double check the recipient address before sending funds, sometimes scammers can use clipboard malware to change the recipient address to theirs and you would not know until you have sent funds to them. There are many ways scammers operate and it is good to learn them all.

[DavetJack]

Like all investment the cryptocurrency is inherently unstable so any promise of continuous profit is a big warning signal. If you buy any crypto for additional profit without research, there will be a higher amount of losses chance. The fraudsters often use high pressure techniques to hurry the victims under a limited time proposal, so avoid identifying all these techniques. The fraudsters often communicate through social media platforms or email presenting unwanted investment opportunities.
The first line of defense is to be aware of the potential investment or to be aware of the scandal.

Many investors are being cheated in many ways in this cryptocurrency world. Because there are many social media in this cryptocurrency world, there are many fake exchanges. Thousands of scammers in different places tell you that if you invest here, you will get the best profit. Newcomers to crypto currency invest there without doing proper research. But most of them run away after a few days and thousands of people get cheated there. So I would say that if we invest in any cryptocurrency before we do any coin research then we should go ahead. Otherwise there is a high chance of cheating. And there are many good exchanges where we can invest with complete trust and confidence.

[vegasus]

-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.

Yes, in this case, you must often cross-check various data or information related to it. Those who often become victims of scams or frauds very easily are because they easily believe in the scam scheme, even they sometimes use platforms that are almost similar in name to the original platform, only the URL is apparently slightly different. Or they use fake social media, but because of ignorance and feeling rushed for fear of missed chances, potential victims are usually not careful enough to analyze. and they even rush to immediately do what the scammers order.

yes, this is where, we ourselves play a role, to always learn to be calmer in any condition, not to rush, always check and cross-check information, and also analyze first in doing something.

[Z-tight]

there are many fake exchanges.

Yeah there are many fake exchanges, especially the newer exchanges and it is mostly newbies that fall for them, that's because many of these newbies do not know where to look for good crypto services, so they end up with scammers. However, before joining crypto, it is necessary to research about crypto services and get the ones that are recommended.

[Gurujebs]

Sometimes if we're too fast we didn't notice that we made mistake. Let us say we are sending money to a different address, but because we're too fast we copied the wrong address.

It is important to double check the recipient address before sending funds, sometimes scammers can use clipboard malware to change the recipient address to theirs and you would not know until you have sent funds to them. There are many ways scammers operate and it is good to learn them all.

Malware are one of the ways scammers sweep wallets but what is not discussed most is verifying or interacting with a smart contract that you know nothing about, metamask and some of this traditional wallet can't help you interpret this things, that's why it's always recommended not interact with a platform you don't know or new.

Alot of wallet are drown daily because they interact with the wrong ones, the clone websites looks like the original ones and when they want to sign transaction, they don't see the treats, it's after the transaction they notice their wallet drained completely. There are some wallets extensions which helps see threats but I haven't seen the hardware wallets, only the extensions like the RABBY wallets.

[bitbit97]

The rule "know less, live better" often helps. One of the ways to protect yourself from scams is to do nothing. With that I mean not clicking anywhere, not downloading anything, not opening emails or pages or if you dont search for something, troubles wont find you. What is most popular way to scam a person - to make him invest or send money somewhere. If a person dont search for opportunity, he wont have be scammed by that. If you do nothing, you dont flash addresses, nobody knows about your funds and existence.