Crypto Scams to Watch Out For

Cryptocurrency: the risk of losing your investment

As you become involved in the new digital monetary mechanisms known as cryptocurrency, be aware of risks. Scams are everywhere online and cryptocurrency exchanges can suffer from security issues that lead to loss of funds. Consider your options before investing too much time or money!

Bogus websites

When following tips from people with a lot of expertise, it is important to be cautious and ensure the website you are visiting has not been set up as an imitation. There’s surprisingly many websites out there that resemble original startup companies in order for them not to have security near URL bar or “https” which indicates a secure site address– so if these two things don’t appear on your fake version then something might fishy going down!

Bogus Apps

Cryptocurrency investors are often targeted by scammers who have found a way to get their hooks into people’s wallets. They do this through fake apps available for download, such as “crypto currency” or “bitcoin app.” Although stakeholders can quickly find these and get them removed from Google Play Store (for Android users) or Apple Appstore (for iPhone), it doesn’t mean that there isn’t impact on many bottom lines yet–especially if the investor downloads one of these scams before they know what kind of risk might be involved in doing so!
The best advice we’ve heard when dealing with potential crypto-related risks? Make sure you take time verifying authenticity.

Bogus Emails

The internet is a wild place, and sometimes you’ll come across an email from what looks like a cryptocurrency company but isn’t. Take care before investing your digital currency with these types of companies because they can easily disguise themselves as legitimate businesses by using similar logos or branding! The first step in checking them out should always be verifying who the sender really are- do some research on their website address so that if something does happen where doubts arise about its authenticity (and trust me; there will be some), then at least we have confirmation without having fallen victim ourselves.

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