Scam Alert

Fraudulent emails and web sites

Emails and announcements of scandals for public events, conferences, appointments and titles, rewards, lotteries and requests in the name of have become more and more commonplace. Some of these scandals have been brought to our attention and we are helping the public to ensure that people do not provide their personal information or act on the basis of these deceptive communications. We urge you to be suspicious of unwanted emails, phone calls and texts that ask for personal or financial information.

How to Identify Cloud Mining Scam?

Any new industry is full of scandals and there is no exception in the bitcoin and crypto industry. From scam coins to mining rigs and contracts, there are several ways to steal your hard earned cash and pull wool on your eyes.So how do you identify the Bitcoin scam? Well it's really hard to know for someone and scam artists are getting smarter.

We all work hard on crypto so that you do not need to do this. We travel on the web and if we have any doubts about the company offering the bitcoin cloud mining contract, then it does not appear in our list. This is the same for mining equipment - if we have not got any and tested it - or have seen enough evidence of a survival or a decent track record for the company - then we will list it. We also list all those companies whose dubious reports are on the forums from the community.

For example, there are many sites that compare mining contracts for bitcoine, light coin and Etherium - but they are rewarded by scam artists for sending potential users to their site.So these comparative sites really do not make any difference in running fake advertisements for some scam artists because they get the share of victims' hands! They take money silently and allow themselves to lead by hand and do not take care of their users.

Due to being very expensive for individuals alone in 2009 and 2018, mining rigs are being used - hence the market has been grown and grown for cloud mining. It has caught the eye of scam artists who have established several cloud mining sites offering mining contracts for bitcoins, etherium and other optional coins.

With any industry, scammers have to move one step ahead of the police. It is very difficult to obtain specific evidence in the form of geotechnical spreading of industry with bitcoin - but there are red flags which we usually see for certain meanings.

Beware of Bitcoin Scams

Meteor enhancement of Bitcoin in the past year's prices has awakened mainstream interest in the original cryptocurancency. Prices are once again looking enthusiastic, investment in bitcoin has never been popular, but the increase in interest has been without any consequences. One of the downsides of new investors entering the market is the increase in stories of scams, frauds, and retail investors who lose their coins in shady enterprises. With the ICO scams for theft and fraud, regular consumers can easily fall prey to crime.

It appears that it is Wild West for investors, but it should not be so. Although there are definitely risks in the market, opportunities can be unique for some occasions. However, it is always necessary to be careful, and there are clear signs of such scams which investors can see. By avoiding these traps, users can improve their chances of success and can protect their investments. These area unit a number of the foremost common scams, and the way they will be avoided.

Hardware Wallet Theft

For users related to security and privacy, a hardware wallet - a physical device that stores their personal keys-is an increasingly popular option. Generally small as key-chain USB drives, these Welts crypto provide an offline way to help investors protect their bitcoins. However, there have been reports that some of them have inherent vulnerabilities that open them for hackers who can easily steal the user's holdings.

However, this is far from the only issue.  "users with a pre-configured" phrase that is hidden under the scratch card in a scam need to sell hardware wallets. The new user is told that the card Should scratch ... and establish a wallet with the compromised seed. "This creates a backdoond after hacker activates the hackers only money Allows to remove These scams are becoming more common, but they can be saved easily by accepting only Welt from reliable sources.

Exchange Scams

Despite their decentralized nature, most of the cryptocurrencys  are still bought and sold on exchanges. Although these coins make it easier for investors to find the wishes, many countries have no regulatory body to oversee these exchanges. Thus, many investors have been left idle when they sign up to sign up for exchanges. In December, many South Korean exchanges were exposed, making promises of stringent rules by the country's officials.

Spotting these scams is not difficult, but if it does not save, it can be expensive. One of the most important red flags is that the promise of phantasmagoric costs. Exchanges who promise huge discounts on bitcoin, use this strategy to woo unexpected victims. In addition, users can see the URLs of exchanges. The web address should always start with HTTPS, an indication that the traffic is encrypted.  Visiting unsafe websites is a bad idea, but warning investors can avoid losing thousands by looking for the right signals.

Fake ICOs

One of the best results of the Cryptocurrency boom has been the increase in the offer of an initial coin, which is a way for companies to raise capital. Thousands of new block-based companies entering the market with unique ideas and exciting projects, users can now easily return their favorite businesses. However, this large explosion of opportunities of the ICO has essentially raised the viewer of the fraud.

There are several ways scammers can differentiate investors from their bitcoins. A popular method involves counterfeit websites that are similar to ICO and instruct users to deposit coins in an compromised wallet. Other times, it is an error on the error itself. For example, Centra Tech, the blockchain enterprise supported by many celebrities has been sued in the US. The company is accused of portraying fake team members, misleading investors and lying about their products. The best way to avoid these scams is to find out.  which is to separate the white paper, review the team behind the enterprise, and include members of the main board or investors. Before making an investment, it is important to learn as much as possible about the company to avoid any unpleasant surprises.

Multi-Level Marketing 

Even in the digital areas, many multi-level marketing plans have emerged, which provide excellent 'opportunities' to the horrible investors for the progressive large amount of bitcoin. MLMs, which they know, are based on giving quick returns, but actually involves taking more money for the promise of greater profit.

A major company, which has been repeatedly pulled out, is a winown, whose owners were stuck in many other shady operations. The company offered big money to investors, and even offered luxury goods and allowances to pay more. However, the company has very little information outside of its site, and users have left online reviews. It is always important to pay attention to the good print of the company and to ensure that their claims are viable and real. Before avoiding these scams, you can protect the purse of the investors.

With the current eccentricity, it is necessary to be cautious and to invest in bitcoins before taking the precautions of someone. The market is showing signs of maturity, which provides better transparency and clear rules. Regardless, the first step of any smart investor should always be careful to ensure that their investments are always the winners.