Crypto scams are increasing with market growth. Beginners must stay alert.
Common Types of Crypto Scams
- Guaranteed Return Schemes
- Promises of fixed 2–3% daily profit.
- Usually Ponzi schemes.
- Phishing Attacks
- Fake emails or websites.
- Steal login credentials.
- Fake Apps
- Fraud apps copying real exchanges.
- Rug Pulls
- Developers launch coin and disappear with funds.
- Impersonation Scams
- Fake celebrities or influencers promoting coins.
How to Stay Safe
- Research before investing.
- Verify website URL.
- Avoid unknown Telegram/WhatsApp groups.
- Do not trust “insider tips.”
- Never share OTP or private key.
If something sounds too good to be true, it probably is.