How do you protect yourself from scams in crypto?

[vegasus]

These community I mean the forum is always helpful for those who were really seeking for knowledge about the cryptocurrency but what I said in my previous post that most of the people just their journey on these forum or community when they face losses or get scammed.

But I think peoples should focus on these types of community before making any investment on any platform and there is lots of people who already maked many articial and tools to check about a project that is scammer or not.

Actually, there are some discussion communities about crypto, exchanging information and so on, including experiences. Even exchanging strategies, predictions, and others. In some forums like telegram, I often find it.

But yes, as you said, there are some people who only focus on some of the experts conveyed by the forum or group. Especially those who only relate to everything they think can provide benefits. while if there is other important information, they often even ignore it. Well, when they lose, they just ask what happened or some other things.

[MrSpasybo]

I agree, that vigilance must always be increased against the many frauds that are currently happening, so it's not wrong to continue to be able to join forums like this, because all possible discussions can be in the forum, and you can also use the mechanism to ask questions if it is really needed for enlightenment.
Many already understand the main purpose of a community like this, but not a few are still deceived because they don't understand it well enough.

Scams have thrived to keep up with the crypto market: they are sophisticated, professional and seem trustworthy. There are many forms of scams in the market, but I will focus on talking about scam projects.

To avoid these projects, investors only need to have enough knowledge about the market and restrain their greed. They can choose tokens that have been listed on top CEXs to avoid silly mistakes such as believing in the promises of scammers about the future of new tokens. We know Tron blockchain and TRX token, but many investors were introduced to TRONX token in 2020. They invested in this silly token and lost money!

The simplest way is that investors can ask questions about those tokens on the AltcoinsTalks forum. The community has greater power than 1 individual, we will have the opportunity to discuss and warn about scam tokens in this market.

[Z-tight]

Avoiding memecoins is one way to protect yourself from scams in the industry, a lot of memecoins are scams created by people who want to make money off those who are going to buy it. I also recommend using a cold wallet, because anything online is prone to hacking, i should also add that you should not fall for anything that looks too good to be true, because it is probably a scam.

[|MINER|]

Actually, there are some discussion communities about crypto, exchanging information and so on, including experiences. Even exchanging strategies, predictions, and others. In some forums like telegram, I often find it.

But yes, as you said, there are some people who only focus on some of the experts conveyed by the forum or group. Especially those who only relate to everything they think can provide benefits. while if there is other important information, they often even ignore it. Well, when they lose, they just ask what happened or some other things.

I would say that forum is much better from the telegram group or the channels at least here scammer couldn't go away until they came with another named. But here most of the people will aware a person even if a person don't about that they will investigate and then they will help you by the proper information, I won't say that there is no false information but here you will found lots of the reputable member who were from the early age of the crypto industry. Those were also helpful to provide the new comer so I think using forum for gaining and exploring knowledge is much time better.

[Stuart]

The very best way to stay out of scam is staying updated with every needful information required in whatsoever you want to do in the crypto community. Joining communities that provides information, and you can ask that which desire the information will give you an edge. The more we use the internet, the more we know more things related to it.

[JISAN]

You will only fall victim to scams if you are careless, especially if you do not verify a link before entering it.  Many cryptos are impossible to hack especially when you use a decentralized quality.  Hackers can hack your wallet only when you enter a phishing link and connect your wallet. So I always use multiple wallets and use one wallet as main wallet that wallet never connect anywhere. I think this is the only good way to avoid hacking

And always control your greed only then you will be safe from scams.  Because you face a scammer only when you covet something

[Gurujebs]

Avoiding memecoins is one way to protect yourself from scams in the industry, a lot of memecoins are scams created by people who want to make money off those who are going to buy it. I also recommend using a cold wallet, because anything online is prone to hacking, i should also add that you should not fall for anything that looks too good to be true, because it is probably a scam.

memes are obvious scams but do people want to stay away from it? No! This shows that people love what kills them. It's so sad that the total volume that is coming from meme coins traded, is more than active altcoins, if truly meme coins are having similar number of altcoins, exchanges will consider listing of altcoins everyday than utility coins.

There is nothing you can say that will stop people from buying meme coins. I saw a wallet of one lady with many meme coins all trash in her phantom wallets and she is hoping that one day, there is one that will change her life and I just smile and scroll pass her page, she doesn't know anything yet until it's time.

[JorvikCoin]

Fo you to avoid scams you must have a thorough research and always verify the websites or projects  before investing or giving any sensitive information. Also avoid clicking suspicious links or downloading unverified apps or sharing you seed phrase with anyone. Scammers always impersonate support teams or influencers so never trust unsolicited messages asking for funds or private information. Always be cautious of "guaranteed profit" schemes, fake giveaways and upfront payments. ALWAYS research before investing, if something seems too good to be true, it usually is.

[albon]

memes are obvious scams but do people want to stay away from it? No! This shows that people love what kills them. It's so sad that the total volume that is coming from meme coins traded, is more than active altcoins, if truly meme coins are having similar number of altcoins, exchanges will consider listing of altcoins everyday than utility coins.

I think meme coin generally use standard blockchain protocols but unlike cryptocurrency such as like Bitcoin and Ethereum, even they have no serious financial or technological purpose. So for investors the profit potential of meme coin journey is low but if a meme coin survives in the market for a long time then there is potential of big profit. Moreover, the real purpose of most meme coin is to speculate that users create or buy them in the hope that their value will increase and they can make a lot of money very quickly. Even though it is very profitable but at some point the investor gets disappointed and loses huge amount of money.

[|MINER|]

You will only fall victim to scams if you are careless, especially if you do not verify a link before entering it.  Many cryptos are impossible to hack especially when you use a decentralized quality.  Hackers can hack your wallet only when you enter a phishing link and connect your wallet. So I always use multiple wallets and use one wallet as main wallet that wallet never connect anywhere. I think this is the only good way to avoid hacking

That's the first step we should do every time to visit every new site but most of the people in the network don't follow the process we should do.

Like I always prefer to use some malware checker website like I can say virustotal could be one of the great tool to check out the website we visit specially if there is any phishing link this will show you the stats.

[Gurujebs]

That's the first step we should do every time to visit every new site but most of the people in the network don't follow the process we should do.

Like I always prefer to use some malware checker website like I can say virustotal could be one of the great tool to check out the website we visit specially if there is any phishing link this will show you the stats.

Fake site are the Genesis of all the problems we see in crypto but there is a catch with the ones you also trust. We are just random end users and we don't know how some platforms that claim to be legit operate and code their smart contracts and you don't even know what the contract says but we are just interacting because we trust them but it's all risk.

We should be careful of connecting our wallet with different website because when you becomes hack, you wouldn't know the one to trace or know where it was vulnerable. Make sure to disable or disconnected your wallets immediately after used from some website.

[|MINER|]

We should be careful of connecting our wallet with different website because when you becomes hack, you wouldn't know the one to trace or know where it was vulnerable. Make sure to disable or disconnected your wallets immediately after used from some website.

That's also make sense.Because sometime even if we use the anti-malware tool for identifying a website is have malware or not and if the result we comes there is no malware even we can face scam by only trusting them.
That is why I also prefer to analyze by multiple trusted sources.
And always make our self far away from those website who were giving mouthwatering offers and the others things in high rate.

[joniboini]

That's also make sense.Because sometime even if we use the anti-malware tool for identifying a website is have malware or not and if the result we comes there is no malware even we can face scam by only trusting them.

Yeah, relying on tools like that isn't a good idea if we can't identify how a phishing website works. I used a VPN with an anti-malware/anti-phishing block list but the list is always outdated. I can find new phishing ads that aren't added to the list after a few days. You could argue it happens because my VPN provider is not that good, but it can happen to any service IMO. We can still use them to save time but we should keep up to date with security news so we can identify them on our own too.

[albon]

We should be careful of connecting our wallet with different website because when you becomes hack, you wouldn't know the one to trace or know where it was vulnerable. Make sure to disable or disconnected your wallets immediately after used from some website.

Especially those who are currently participating in telegram gaming and various airdrops are connecting their wallets to many sites which is really dangerous for the fund. We should create a new wallet to participate in such airdrops then there will be less chance of scam. Since the issue of scams in crypto is very old, it is necessary to have a strong position in those areas where the risk of scams is high.

[|MINER|]

Yeah, relying on tools like that isn't a good idea if we can't identify how a phishing website works. I used a VPN with an anti-malware/anti-phishing block list but the list is always outdated. I can find new phishing ads that aren't added to the list after a few days. You could argue it happens because my VPN provider is not that good, but it can happen to any service IMO. We can still use them to save time but we should keep up to date with security news so we can identify them on our own too.

At the end of the day the main summarize is even no matter how you are spending on these anti mal-aware tools we must have also self awareness to verify that from multiple sources.
But I will also say using these tools would help you to be aways from most of the scams sites or the phising site. Both should be in our head.