Bitcoin’s popularity is a double-edged sword. On one end you have all these investors to stimulate the crypto economy, and on the other you have scammers who try to take away peoples’ hard earned money.
To keep your crypto investment safe you should observe the following.
Be Wary of Unsolicited Email or Texts
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If you suddenly get an email or an SMS out of the blue from someone who says they’re offering you a ‘once in a lifetime’ chance to make an outrageous amount of money, then that should serve as the first warning. Then, when they say that they need cash or Bitcoin from you to get started then it should make total sense- it’s a scam.
These messages will usually have links where you can ‘sign up’. However, they will trap you into submitting personal data or have you deposit money before you can join.
Instead of falling for these scams you can review proven crypto investment platforms and complete a bitcoin revolution login. A legitimate Bitcoin platform can help make a profit from your initial investment.
Scam Jobs
It’s difficult to tell real jobs from fake ones since it’s a matter of wording. Even the text and content is mostly the same- you take on a job and get paid money, which is the usual case. However, they just run away with the information you give and sell it to the highest bidder.
One way to determine if it’s a fake job offered by a scammer is to see if there are any outrageous claims. If they promise that you make thousands of dollars each day then there’s something fishy going on. More importantly, if the job description is vague and contains very little details then it’s safe to say that you shouldn’t apply.
Scams Running Around on Social Media
Social media is rife with different types of scams that range from instant messages to fake posts and tweets. You should always be wary when navigating your feed or reading your messages.
You’ll know it’s a scam when the whole point of the message is to get you to click a link and fill out a form. Or, it could be a message asking for help and some money or cryptocurrency from someone who has picked up your bitcoin revolution login.
Even if the message is someone you know or is a celebrity, it could be a hoax. Fake accounts are prolific in the biggest social media platforms and you shouldn’t be surprised if you come across a scam or two.
Blackmailing on Email or SMS
Last but not the least, scammers will try to instill fear by making a bold claim up front. They will say that they have something you don’t want to get out in the world, e.g., a compromising photo or information, and to prevent this from happening you need to wire or forward some money or Bitcoin.
When you receive one like this, stop and think. Then, report it to the FBI and save the message as evidence later on. There’s a chance they’re just trying to make you panic and extort money from you.