• Mansoor Ahmad

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.

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