What You Need To Know To Avoid Cryptocurrency Scams In 2022
By Space Coast Daily // January 20, 2022
More and more people are interested in getting passive income. There are various options available nowadays, but the most popular one is an investment in cryptocurrency. Indeed, plenty of us still view blockchain as a scam.
It’s difficult to believe that digital currency can bring such a good profit to those who know how to deal with it. Plus, there are lots of cryptocurrency scams, and if you are a newbie, it’s quite easy to fall into a trap.
This article will describe what cryptocurrency is, explain why it is so popular and provide tips on how to avoid crypto scams.
What Is Digital Currency And Why Is It So Popular In 2022
Shortly, cryptocurrency is a digital asset that is based on blockchain technology that enables secure online payments without third-party intermediaries. It’s getting more and more popular as it has plenty of advantages:
■ decentralized structure (no government or central authorities control)
■ cheap and fast money transfers
■ free/low transaction fees
■ higher security
How To Get, Use And Store Cryptocurrency
Obviously, blockchain is a relatively new technology, and most people still wonder how to get, use and store digital assets. You may buy coins via online exchange platforms or mine them. As for the usage, you can:
■ buy various things online/offline and avoid transaction fees
■ use cryptocurrency for investment and get a good profit
You can store crypto in digital wallets that can be either online or on an external hard drive.
Useful Tips On How To Avoid Crypto Scams
As more and more people use cryptocurrencies nowadays, there are lots of schemes that help fraudsters steal money. Scammers invent new ways of fooling users to get their coins. Check out these useful tips on how to avoid them:
Use Reliable Platforms To Invest And Trade
There are plenty of trading platforms available nowadays. Still, only a small part of them are reliable and provide you with guarantees. For example, such platforms as Zignaly offer the best solutions for both beginners and professional traders. It ensures that all your funds are protected and never shares personal data with any third parties. Plus, it’s totally free, and customers pay only when they get profit.
Be Careful With Your Emails
Blackmailing is one of the popular ways that scammers use today. They may contact you and state that they have some compromising photos, videos or personal information. Then, they threaten to show these to the public if you don’t pay in crypto. Instead of doing this, report this case to the police.
Another popular way is to send messages with phishing links. As soon as you click them, the hackers steal your data and get access to your funds. Hence, the best idea is not to click on any links you receive via mail.
Don’t Trust Messages You Get Via Social Media Platforms
You can come across phishing links on social media as well. The worst thing is that even your friends can post them if somebody hacks their accounts. Never click on them and report scams immediately.
Never Download Unknown Apps
Another way of getting access to your data is by making you install a malicious app. Users can accidentally download them while browsing the net or by visiting scamming websites. The worst thing is that sometimes nothing changes after downloading. Hence, users don’t even know that their gadget is in the hands of fraudsters. Unfortunately, when they realize what has happened.
All in all, cryptocurrency is gaining popularity worldwide, and more and more people use it nowadays. Consequently, scammers are trying to find various ways to steal your assets. Hence, it’s vital to take precautionary measures to ensure the security of your funds.
If you want to invest, use reliable trading platforms such as Zignaly. Don’t click strange links you receive via mail or social media platforms. Plus, be careful with the apps you download, as some of them can be malicious.