How to spot crypto scams

05.01.2024

The world of crypto is not just about tech and freedom — it's also a space where scammers are active. Here are the key signs to help you recognize fraud. 1. Too Good to Be TrueIf someone promises:2x–10x returns in one day,100% profit with zero risk,“Guaranteed earnings,”— it's almost always a scam. There's no magic formula in crypto. 2. Fake ReputationScammers often:pretend to be famous people (like Elon Musk or exchange founders);clone websites and social media pages of real projects;use fake reviews and ratings.Always check: website domain, links, grammar mistakes, and domain age. 3. Lack of TransparencyIf a project or person:doesn’t explain how the system works;hides the team or contact details;asks for a "deposit to verify" — that’s suspicious.Legit services are open and honest. 4. Pressure and UrgencyPhrases like:“Only today,”“Just 3 spots left,”“Invest now or regret tomorrow”— are classic manipulation tactics. Trustworthy projects don’t rush you. 5. Demands Wallet AccessIf someone asks you to:give your seed phrase (private wallet key);install a suspicious browser extension;send crypto “for verification” — it's definitely a scam.Real platforms never ask for wallet access.How to Protect YourselfAlways verify info from multiple sources.Use only reputable exchanges and exchangers.Store private keys offline.Enable two-factor authentication.Don’t fall for hype or “easy money” promises.