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The 9 Worst Cryptocurrency Scams and How to Avoid Them
Are you worried about being scammed out of your hard-earned cryptos? Concerned that a criminal is going to steal the coins right out of your wallet?
This article covers the 9 worst scams in the cryptocurrency world, how to spot them, and how to avoid them. Armed with this knowledge you can confidently go out into the crypto world and make your millions, without fear of it being stolen from under your nose.
Where there are complex financial products, there’s fraud. As Bitcoin becomes mainstream, more and more people are aware that there’s a lot of money to be made in cryptocurrencies. But most people aren’t experts, and fraudsters know this.
The mantra of the crypto-con artist is to, “Convince unassuming individuals that you can make them rich, then steal their money.” (Thanks for the line, Louise Matsakis, Wired). They know that they can evoke strong emotions in people through promises of fortunes and gold, and it’s the emotion that blinds people to the risks involved.
I don’t want you to lose your trading capital to any scams in the market, so pay attention! Here are the biggest scams going on right now.
Fake ICOs & Imposter ICOs
More than 8 out of every 10 ICOs are scams. If that isn’t a cause for concern…
