• About
  • Login
Friday, May 27, 2022
Ethereal Crypto
Advertisement
  • Home
  • Bitcoin
  • Ethereum
  • Altcoins
  • Investments & Business
  • Store
  • Contact Us
No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Altcoins
  • Investments & Business
  • Store
  • Contact Us
No Result
View All Result
Ethereal Crypto
No Result
View All Result
Home Investments & Business

4 Common Scams in Cryptocurrency Market

Kavishwa by Kavishwa
1 year ago
in Investments & Business
57 3
0
Scam alert
194
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

The cryptocurrency market seems beautiful and risk-free. Investors think when they invest their money into some coin, they will gain a 100X 200X gain in a few days or weeks. But that is not the way how cryptocurrencies work.

Most people know bitcoin, and most new investors to space think that all cryptocurrencies are like bitcoin. Bitcoin is safe, decentralized, and Bitcoin has a proven track record of 12 years, and it has 10000 plus nodes around the world.

Related articles

Future of Stable Coins at Risk? (USDT, USDC)

Future of Stable Coins at Risk? (USDT, USDC)

May 23, 2022
reasons why cryptocurrency influencers should be honest with their followers

5 Reasons Why Cryptocurrency Influencers should be Honest with their Followers

January 25, 2022

Now there are over 8000 cryptocurrencies, and many are still coming into the market. Finding a good project that can be a good investment is not easy in the long run, and you need to dig deeper into the project before investing any money into new cryptocurrencies. 

When you’re looking into digital currency companies and startups, we recommend you confirm that they are blockchain-powered and have a solid business plan to solve real-life problems. There should be an honest company and real people behind the project, and It should specify its digital currency liquidity.

Fake/Imposter Websites.

Website is your life on the internet. So it’s the same for cryptocurrencies and their companies. If the cryptocurrency you’re going to invest in doesn’t have a website or that website is not professional, be careful and do some more research on the project. If the team behind the coin is not visible, don’t invest any of your hard-earned money. New investors are always a target of these scammers. Most new investors are coming into the space to have some quick gains. If you are also like that, be careful. 

Websites that don’t have .net or .com are more likely to be scams.

Fake Mobile Apps

There are some mobile apps that scammers are trying to scam people. These apps can be downloaded through the Google Play Store or Apple App Store. Although these apps are removed quickly, some people still get affected by these scams. Usually, you are more protected with apple and ios devices. 

You should always be sure that you spelled the app correctly and aware of its logo before downloading an app. 

Bad Social Media Presence

Social Media is one of the most crucial parts of a business. If the company/Cryptocurrency have a bad social media presence and bad engagement with it’s followers you shoul be cautious about the company and the project. There are some imposter social media profiles as well. Don’t trust offers that are too good to be true. Don’t give people your sensitive data for some “investment ideas”.

Scamming emails

If you are getting few emails a day from your cryptocurrency exchange be cautious and look at the sending email address and website. Some scammers buy domain names almost similar to real exchange name. Examples like binancee.com, coinbasa.com,and karaken.com. Many people are falling to these scams. Always be in the right mindset before investing any money. Always look at the domain name and email address to be sure.

If you are interested in reading an article like this, you are aware of the scams going through the internet and crypto space. Many people don’t read and take notes about essential details and treats and then get rekt. Now you know the basics not to be scammed by scammers. What do you think about scams, and Have you ever been a victim of these internet scams? Comment down below.

Tags: avoid crypto scamscrypto scamsscams in crypto
Share78Tweet49
Trezor ad Trezor ad Trezor ad
Previous Post

LifeLine Token Next Safemoon? (Will it Explode?)

Next Post

OMG, What has happened to Safemoon? Is it worth buying now?

Related Posts

Future of Stable Coins at Risk? (USDT, USDC)

Future of Stable Coins at Risk? (USDT, USDC)

by Kavishwa
May 23, 2022
0

The most popular cryptocurrency in the world is Bitcoin. But there is another crucial cryptocurrency category as typical cryptocurrencies, which...

reasons why cryptocurrency influencers should be honest with their followers

5 Reasons Why Cryptocurrency Influencers should be Honest with their Followers

by Kavishwa
January 25, 2022
0

Cryptocurrencies are one of the newest ways to increase & store your wealth. Despite being only 12/13 years, old cryptocurrencies...

Why I Chose Blockchain

Why I chose blockchain development in 2021

by Kavishwa
June 25, 2021
0

Introduction to Blockchain Blockchain is the technology that bitcoin and other cryptocurrencies run on. Blockchain got popular with bitcoin, and...

Nexo bank

Top 4 Reasons why Nexo is one of the best ways to earn interest in cryptocurrency

by Kavishwa
June 1, 2021
0

Introduction The cryptocurrency market and cryptocurrency investments are highly volatile and risky. If you think in terms of fiat currencies,...

Low cap Altcoins

Top 6 things you need to know before investing in low-cap altcoins and new crypto projects.

by Kavishwa
May 17, 2021
0

Introduction The cryptocurrency world is only about 12 years old. Everything started with Bitcoin, and it was released back in...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Get Promo Code Get Promo Code Get Promo Code
  • Trending
  • Comments
  • Latest
What is Safemoon?

Top 3 Reasons Why Safemoon Exploded? (1000X Coin?)

May 27, 2021
Future of Safemoon

OMG, What has happened to Safemoon? Is it worth buying now?

May 27, 2021
LifeLine Token

LifeLine Token Next Safemoon? (Will it Explode?)

April 30, 2021
Raptor Finance

Can We Save Earth With Raptor Finance Crypto Project? (10X in 3 days)

May 27, 2021
What is Safemoon?

Top 3 Reasons Why Safemoon Exploded? (1000X Coin?)

1
Bitcoin with Dollar

Top 2 ways to buy bitcoin now and maximize your profits

0
Silver Ethereum

Ethereum: 4 things you need to know about before investing

0
5 top reasons why you shouldn't give up on Ethereum

5 Top Reasons Why You Shouldn’t Give Up On Ethereum.

0
Future of Stable Coins at Risk? (USDT, USDC)

Future of Stable Coins at Risk? (USDT, USDC)

May 23, 2022
reasons why cryptocurrency influencers should be honest with their followers

5 Reasons Why Cryptocurrency Influencers should be Honest with their Followers

January 25, 2022
Will Bitcoin Reach 100K in 2021?

Will Bitcoin Reach 100K in 2021?

November 22, 2021
Solana Rally

Solana Rallies over 40% to NEW ATH! Are you late for the party? Let’s Find out

August 17, 2021
Ethereal Crypto Dark Theme Logo

Worlds #1 Cryptocurrency blog about cryptocurrency news and investments

Categories
  • Altcoins
  • Bitcoin
  • Blockchain Development Journey
  • Ethereum
  • Investments & Business
  • Trading
Join the Ethereal Family
  • About
  • Contact Us
  • Refund and Returns Policy

2021 © Ethereal Crypto

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Altcoins
  • Investments & Business
  • Store
  • Free Ethereal Crypto Guide
  • Contact Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Receive the latest news

Subscribe To Our Newsletter

Get notified about new articles