Crypto scams
The common scams, the warning signs and the habits that keep your coins safe.
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Lessons
- 01What are the most common crypto scams?The most common crypto scams are fake investment platforms that show profits you can never withdraw, schemes that promise fixed returns, impersonators running fake giveaways or support chats, phishing sites and wallet drainers that steal access, and rug pulls. They all rely on one fact: a confirmed crypto transfer cannot be reversed.
- 02How to spot a crypto scam.To spot a crypto scam, check four things. The offer: a guaranteed or high fixed return. The person: a stranger who contacted you first and wants speed or secrecy. The platform: an unknown app that wants a fee before you can withdraw. The payment: a request for your seed phrase, a wallet approval or a transfer to a personal address.
- 03How to protect yourself from crypto scams.To protect yourself from crypto scams, keep your seed phrase offline and never share it, use an authenticator app for 2FA, and keep only small sums in a hot wallet. Send a small test before any transfer to a new address, read what you sign, and treat strangers who contact you about money as scammers until you check them.