We are EXPOSING these crypto scams! These are 3 of the most common scams and this video will help you avoid them

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0:00 – Intro
0:45 – Scam #1
4:44 – Scam #2
7:33 – Scam #3
8:40 – Closing Thoughts

ABOUT: So get this – almost $18 billion dollars(yes with a “B”) has been stolen by crypto scammers in the last 2 years alone. Crypto scams are the most widespread they’ve ever been, and since I’ve been in the space for a while, I’ve seen so many cases of just heartbreaking scams, and people getting cleaned out for gut wrenching amounts of money. I’m here to help put a stop to that. In this video, we are exposing the most common crypto scams, looking at exactly what they look like with real world examples, and how you can avoid them. The first one is a fake crypto/fiat investment platform, the second is fake accounts on social media that send you to scam websites, and the third is scam airdrops.

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3 Crypto Scams To Watch Out For & How To Avoid In 2023
I EXPOSED These Crypto Scams
3 Crypto Scams To Watch Out For In 2023
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Legal Disclosure: I’m not a financial advisor. The information contained in this video is for entertainment purposes only. Before investing, please consult a licensed professional. Any purchases I show on video should not be considered “investment recommendations”. I shall not be held liable for any losses you may incur for investing and trading in attempt to mirror what I do. Unless investments are FDIC insured, they may decline in value and/or disappear entirely. Please be careful!…(read more)

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The lure of quick and easy money has led many people to fall victim to cryptocurrency scams. These scams come in different forms and often target unsuspecting investors who are new to the cryptocurrency world. In this article, we will discuss some of the most common crypto scams and how to avoid falling prey to them.

1. Ponzi schemes

Ponzi schemes are an old trick that has been around for decades, but they have found a new home in the cryptocurrency world. A Ponzi scheme is a type of scam in which investors are promised high returns on their investment with little or no risk. The scammer recruits new investors and uses their funds to pay returns to earlier investors. This cycle continues until the scammers disappear with the money or the scheme collapses.

How to avoid: Avoid any investment scheme that promises high returns with little or no risk. Always do your research and verify the legitimacy of any investment opportunity before putting your money into it.

2. Fake ICOs

Initial Coin Offerings (ICOs) are a popular way for start-ups to raise funds by creating and selling their own digital currencies. However, fake ICOs have become a common way for scammers to make a quick buck. Scammers create fake websites and whitepapers to attract investors, only to disappear with their money once the ICO is over.

How to avoid: Always research the company and its founders before investing in an ICO. Look for red flags such as promises of high returns, lack of an actual product or service, and no clear roadmap for the project.

3. Phishing scams

Phishing scams involve scammers sending emails or messages to trick people into giving away their private keys or login credentials. These scams often impersonate legitimate companies, and the messages may contain links that lead to fake websites designed to steal personal information.

How to avoid: Always verify the identity of the sender before giving away any personal information. Be suspicious of any unsolicited emails or messages, especially those that ask for your private keys or account login details.

4. Pump and dumps

Pump and dump schemes involve artificially inflating the price of a cryptocurrency by spreading fake news or manipulating social media buzz. The scammers then sell their holdings at a profit, leaving other investors holding the bag when the price crashes.

How to avoid: Be wary of any cryptocurrency that sees a sudden spike in price without any real news to back it up. Always do your research and don’t make investment decisions based on hype or rumors.

In conclusion, the cryptocurrency world is filled with both legitimate investment opportunities and scams. It’s important to be vigilant and do your research before investing your hard-earned money. Always remember the adage, “if it sounds too good to be true, it probably is.” By following these tips, you can avoid falling victim to crypto scams and protect your investments.