How to spot Crypto Scams
Updated: Jul 13, 2021
How to spot crypto scams
Crypto scams are popping up all over the internet. Watch out for the following:
Promises of a high or guaranteed return - Does the offer look realistic? Scammers often attract money by making fake promises.
Heavy marketing & promotional offers - these methods can be used to con customers.
Unnamed or non-existent team members - just like any business you should be able to easily find out who is running it.
Check the whitepaper - every crypto firm should have a whitepaper (this explains how it plans to grow and make money). If this whitepaper doesn't make sense, it could be because the founders are trying to confuse you.
Do your research - check online reviews & Reddit threads to see what other people think.