
Avoid Bitcoin Scams
Avoid scams to help protect yourself and your finances Blackmail In most cases, this method works by sending an email with a message claiming that their computer has been hacked and that they are being blackmailed by using Bitcoin as a means of extortion. The scammers can either suppress the material or spread it across their various social media platforms. This is a phishing scheme that uses stolen email lists to infect thousands of people. Fake Exchanges Bitcoin has become more popular, and many people are taking advantage of this by setting up fake exchanges. These are typically designed to trick users into thinking they’re getting something for a steal. Be sure to use a reputable exchange when buying or selling bitcoin. Free Giveaways/Prize Giveaways Due to the nature of the internet, scammers can easily spread information about fraudulent websites and offer free digital currencies in exchange for personal information. This is why it’s important to report suspicious content. Impersonation Creating a fake social media account is very easy for con artists to do. Once they’re able to impersonate an author or a person, they often wait in wait for their intended target to publish content. After following up with a follow-up message, the impersonator would then try to trick others into thinking they’re responding to their message. impersonators can also try to trick others into clicking on links or sending personal messages in order to commit fraud. Never participate in free giveaways. If you receive an odd request from
