Crypto Scams: How to Spot them?

With a high demand for cryptocurrencies, the chances of crypto-related scams have also gained momentum. It is, therefore, important for the investors to save themselves from fraudulent crypto tokens as well as the exchanges. Researchers have also found out that scammers are making use of dubious YouTube accounts for promoting fake cryptocurrency giveaways for Bitcoin, Ethereum, Dogecoin, Cardano, and more. On the other hand, who would have ever imagined that we will do paperless transactions? The cryptocurrency is behind this revolution. In no time, this virtual model of the transaction has become the new normal. This article will guide you to spot major crypto scams and how measures against them. Crypto Scams: Preventive Measures Against Them Below listed are some of the crypto scams that you might encounter and the related measures against them that you need to follow. Imposter Website Imposter or fake websites have the most potential to loot your hard-earned money. Since every crypto investor trusts the internet as the main source of information it becomes a wide opportunity for the scammer to run their illegitimate business. Some scammers are so smart that they duplicate the original website with aero flaws. Sometimes it becomes hard to distinguish between fake and original websites. Some of the scammers also try linking the fake website with the original so that when someone clicks on the original he or she will be direct...