It’s no news that the crypto bull run might start soon, which means there will be an upward trend of the price of many crypto assets.
These significant pump in the value of different crypto assets is the reason for a lot of investment scams during the crypto bull run.
Here are 4 tips you should follow during the bull run:
1) The issue of scams have become more prominent because newbies don’t have a lot of knowledge about how the industry works.
To succeed in getting the right information, it’s important to do a lot of research and not be involved in the big claims made by several crypto projects to make investors rich.
Any crypto project whose goal is to make early investors rich is a scam, so don’t invest in any crypto that’s not yet listed on a big exchange.
2) Another Scam to watch out for is the Airdrop scam. These is usually introduced by someone you know because it’s based on referral.
They tell the investor that they will get a certain amount of a coin that’s already listed if they do certain tasks.
Now when these tasks are completed, they tell the investor to get the rewards by paying a certain amount for gas fee. Don’t fall for these TRAP..
3) Fake crypto exchange is another popular scam to watch out for. A crypto exchange that is promising an investor to get thousands of dollars is definitely not worth your Attention.
4) During the bull run, there’s also a huge increase in the number of crypto projects that launch.
These projects have different use cases, However, it’s important that before you buy any coin, you need to check the team behind the project or whether the people talking about the coin have good names within the crypto industry.
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