Reviewing Cryptocurrency Investment Tips How Beginners Can Steer Clear Of Crypto Scams & Fraud!
Crypto For First-Timers Want to dip into the world of cryptocurrencies? It has proved to be a lucrative long-term investment option. However, there are innumerable scammers and spammers out there looking to trick first-timers. To ensure that you are not scammed while purchasing crypto, we present to you a few tips to keep yourself and your assets safe.
Be Wary Of Fake Online Apps There are thousands of fake mobile apps which look similar to established platforms. To avoid being scammed, study the app’s logo, brand name, and description closely. Does it look legit? What do the reviews say? If it looks fishy, then walk away! Experts recommend purchasing cryptocurrencies only from verified platforms and channels.
Spam Emails Many scammers also attempt to trick people by sending them spam emails that claim to offer heavy discounts. Be very careful while dealing with such correspondences. Don’t click on suspicious links as these might steal your personal information or contain malware to hack into your device. Many spammers also claim to be from legitimate crypto exchanges. In such scenarios, double check email addresses for inconsistencies such as the letter ‘O’ being used instead of digit ‘0’ and so on.
Fake Websites The realm of cryptocurrency is flooded with fake websites! The worst part is that there are thousands that look very similar to websites of well-known crypto exchanges. As reviewed by experts, the best way around this is to always visit these legit websites directly, by typing out the URL instead of clicking on random links on the internet.
Do Your Research With proper planning and research, your susceptibility to scams and fraud will be greatly reduced. Given the high value of lucrative cryptocurrencies, make sure that you don’t make impulsive purchases. Take time to understand the market and review which ones have great potential for growth. Check the tech of the coin, market capitalization opportunities, trading volumes and other important factors before jumping in!
Thanks! Presented By: Nitika Sharma, Manager, Money 2.0 Conference https://www.money2conf.com/
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