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Learn All About How To Identify Cryptocurrency Scams

Cryptocurrency is a kind of virtual currency stored in your digital wallet. In simple words, crypto currency is a digital payment system that does not require banks to confirm the transactions being made. Everything is online and virtually.

The system through which the cryptocurrency exists is the blockchain, and it helps with smooth transactions of this virtual currency without hacking or other issues. Different types of crypto currencies are available, including Bitcoin, Ethereum, Litecoin, Ripple, and more.

Crypto Coin

Out of these, the most common crypto currency is Bitcoin. Since all of the work is online, there is a great chance of getting into scams and issues with online transactions.There are many channels through which hackers and scammers perform their acts. There are YouTube crypto scams, Social Media Bitcoin scams, Crypto Giveaway scams, Social Engineering scams, Bitcoin TikTok scams, and much more.

You can report these Bitcoin scams to the government, federal trade commission, other trading commissioners, and local FBI field offices. You can get these Bitcoins by exchanging your cryptocurrency with others, signing up for investment as a broker, finding a cryptocurrency store or ATM, or using a crypto faucet to complete tasks and get these coins in exchange for it. Let’s see how this Bitcoin token system works and how you can identify or get rid of these scams.

In 2021, we witnessed a 50% year-over-year increase in crypto-related scams to over 500,000. And looking ahead we anticipate a more than 75% increase in 2022!

FTC Gov. Report 2021

If you are someone who’s interested in Cryptocurrency, then you’re definitely at the right place. We can give you the best practices in identifying red flags as well as help you in recovering your stolen money from scammers!

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Awareness is Key

These are some common cryptocurrency scams that you should be aware of and avoid at all costs. Getting your cryptocurrency back after any type of fraud is generally impossible, so knowing these and staying away from them is important. Here we have compiled the most common crypto world scams for you to know and protect yourself from mining or stealing your cryptocurrency. Let’s dive into it and learn all we can.

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Imposter Websites

You might be all secured and everything following the original websites and everything, but all these can go down the drain just by accidentally visiting a fake website. There are a lot of websites that look original but, in reality, are just setups offering valid startups and companies that are all fake.

If you do not find a small lock sign that shows security for the website near the URL bar or “HTTPS” in the webpage address, then there is a possibility it is a fake website so avoid it. There are cases where the website looks similar to the original one. Still, when you click on it, those websites might direct you to a new page or platform where they will hack everything you have, so make sure to avoid such websites and always double check before clicking anywhere.

Fake Mobile Apps

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This is another way through which multiple scammers and fraudsters play tricks on innocent crypto currency investors. Various crypto currency applications are available on both Apple App Store and Google Play Store for download. Through these, you can exchange your crypto currencies and earn new ones and even invest if you want. Through, the stakeholders and original owners for crypto immediately take action and get these fake applications removed, but that does not mean that these are entirely removed from the App stores.

Hundreds and thousands of people have already downloaded these fake applications and are using these and getting scammed. When it comes to downloading applications, always check the logo first. If there is something fishy about the logo, immediately report the application and not download it. Then it would be best if you always looked for the names of the application or the spellings in their copy or scripts. If the words are misspelled or the colors are strange, then stay away from these applications as they might be fake and a big scam to get your crypto currencies or money.

Bad Tweets and Other Social Media Updates

social media

If you follow executives or celebrities on different social platforms, you might know how difficult it is to find their real accounts. Most of the time, you are following an impostor account without knowing anything and thinking that you are following a specific celebrity. The same is the case with crypto currency, where many nasty impersonating bots are present that show fake crypto offers that are too good to be true.

The leading platforms for such scams are Facebook and Twitter. People create fake accounts; post an offer that is candy to the eye but, in reality, offers fake promises and impossible results. You get scammed once you click on their link or go for the offer. If someone present on these platforms or any other social platforms asks for even a small amount of your crypto currency, then there is a chance that you will never get your investment back. If people are commenting and replying how great the account is and how great the offer is, remember not to believe them. These can be bots or auto-generated replies to lure people in and scam them. Stay extra careful and never trust such schemes or people at any cost.


We have encountered victims who were mentally and emotionally drained when they were scammed out of their money. We can help you with your legal and technical concerns. We can help you get your money back.

Scamming Emails


Scams through emails are pretty standard, so it is essential to take care when it comes to your digital wallet and virtual currency. You might receive an email that will look like an original crypto currency company. However, the case might be different, and it will be a scam. To avoid such scams, you should always need to check the brand logos whether they are identical to the original brand or not.

Then check the email whether the email is from a legal and accurate cryptocurrency company or if there are some changes in the email address. You have to check all these and then go for a company and believe in the email. Check whether the company has real working people for it or it is just online with various bots out for you to get money from you. If you have doubts about an email, always call the company or ask someone who works to clear your doubts. Never directly click on any message or link provided in the email, as these scammers usually hide their hacking software in such links.

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They might offer you an initial amount that you will get, fake ICOs, and more to steal your original funding. Take your time, look for proper details and then trust any email or company you come across when it comes to cryptocurrency, as getting your money back in such a case is almost nearly impossible.

How Bitcoin Works And Its Price

Each Bitcoin is a virtual computer file stored in a digital wallet present on your computer or smartphone. There is a whole Bitcoin market where you can perform Bitcoin trading with digital investors and safe investing. All of the transactions related to cryptocurrency are recorded in a public list known as blockchain without the fear of bitcoin theft with the promise of guaranteed returns.

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You can exchange your Bitcoin for cash through various brokers like Coinbase and Kraken. You can also perform cryptocurrency mining, where new Bitcoins enter the system and are stored in your digital wallet. Currently, one Bitcoin is for approximately US$41002.80, so if you are looking for investment or cryptocurrency mining, then you need this payment to perform a transaction.

If you invested in a new cryptocurrency and found that you were scammed, then reach out to us to help your recover your money.

Is The Method to Buy CryptoCurrency Legit?

Buying cryptocurrency is easy, but with it comes the scams and frauds that may take away all of your money if the buying deal is not executed correctly. You have to focus on a few steps involved in purchasing the cryptocurrency to stay away from frauds and keep yourself and your money protected. First, select a platform from which you will be exchanging your real cash for cryptocurrency. There are traditional brokers and cryptocurrency exchanges that you can choose from and work on them.

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Once you get a trusted service, fund your account to begin your real trading in the marketplace. The payment acceptance method differs from platform to platform. Usually, cards are not acceptable as they are charged a high price or sometimes are not secure enough for such a transaction. You can easily wire money or use the ACH transfers many companies accept. Then the last step is to place an order. You can use Blockchain stocks, Bitcoin mutual funds, and Bitcoin trusts to invest in cryptocurrency and to get all of the benefits from them.

How To Identify These Scams & Tackle The Situations Yourself!

There are many bitcoin and other cryptocurrency scams present. Still, the best way to differentiate an original Bitcoin from fraud is to see whether the investment scheme promises realistic results in a short period or unrealistic results in a short period.

You have to validate everything before performing any transaction. Here are a few tips to ensure that you do not get scammed in the crypto industry because recovering funds from a crypto scam can be pretty stressful. Your only shot can be the law enforcement agencies that can seize or track your funds, but then again, this can take a lot of time, and sometimes they won’t be able to help you at all, so it is better to stay safe than sorry.

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  •       Firstly, if the offer is extremely good and you are doubtful it is accurate, check it multiple times before going for it. If there is no proper explanation and the deals just offer unreal but big promises, then chances are it is a scam, so skip the offer.
  •       Then there are many fake applications that you have to look out for as there is a whole industry working on such scams. They look like original cryptocurrencies but are also widespread on the internet. So always go for authentic customer reviews, ratings, and original logos so that you can differentiate original applications from fake ones.
  •       Next in line is double checking all the websites and URLs. Spoofing is a widespread hacking technology in the crypto world so ensure you perform transactions from trustworthy and approved platforms. If you are being redirected to a website you didn’t intend to visit, then stop there immediately.
  •       Spam and phishing emails are also common in such cases, and to stay away from these, keep in mind there is nothing as a fantastic offer in the crypto world. If someone promises extraordinary things through an email, remember that it might be just a spam email from frauds to get your details.

Last but not least are the tech support and troubleshooting personnel. You might get calls from such tech support officers, and all so always double check their social media handles, phone numbers, and emails so that you know you are talking to the real people and not getting involved in any sort of fraud. Learn more on how to protect yourself by visiting our website!

Key Takeaways!

In conclusion, it is better to be safe than sorry. Never fall for unrealistic offers and keep your cryptocurrency safe at all costs to avoid any mishaps or scams. Take your time to judge all the offers and get a clear picture of what is happening.

Always go for approved and legitimate websites, ask your friends or people already working on the crypto currency and get a hold of things in your way. Never give out your ID or passwords for your crypto currency digital wallets to anyone or reply to any calls or messages asking for a pin code or other important details regarding your account.

Here we have discussed the four most common types of scammers that work in the cryptocurrency world. Still, other than these, there are hundreds of other ways through which they perform these acts and might hack into your bank accounts and other resources, so it is better to keep yourself away from these hackers to avoid any loss that you might never recover.

Do your proper research and learn more on how you can keep yourself safe from these scams. We have given you tips on identifying a crypto scam now, and you have to use your research skills and brain to protect yourself from these attacks. Now you can move forward and invest your money in cryptocurrency without any issues but make sure to follow all these tips, and you will be good to go!

do you need help?

A lot of those who contact us have questions and concerns about their personal and business data being compromised. We aim to arm you with the legal and technical know-how in the fight against scams. Also, we will be able to refer you to top scam recovery agencies.

Please fill up the form. Rest assured that our support team will get in touch with you

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