🛡️ Top 6 Most Common Crypto Scams and How to Avoid Them

1️⃣ Fake Giveaways: Scammers promise to double your crypto (e.g., ""Send 1 Bitcoin, get 2 back"").

💡 Avoid it: Never send crypto to anyone claiming guaranteed returns.

2️⃣ Phishing Websites: Fake sites mimic legitimate platforms to steal your credentials.

💡 Avoid it: Always verify URLs and enable two-factor authentication.

3️⃣ Ponzi Schemes: Fraudsters promise high returns but pay old investors with new ones’ money.

💡Avoid it: Be skeptical of guaranteed high returns with no risk.

4️⃣ Fake Exchanges: Fraudulent platforms trick you into depositing funds.

💡Avoid it: Use only reputable and verified exchanges.

5️⃣ Social Media Scams: Impersonators pretend to be influencers or companies.

💡Avoid it: Confirm identities through official channels.

6️⃣ Ransomware: Malicious software locks your files until you pay a ransom.

💡Avoid it: Keep software updated and avoid suspicious links.

🧠Tip: Always do your own research and stay vigilant to protect your crypto!

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