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๐จAWFUL & HUGE Social Media Fake Crypto Scams ๐คฏ๐ฑ๐ฑ
CHECK๐
The internet is a wild place, and cryptocurrency only further stirred the pot of confusion. Tons of scams are easy to fall victim to, no matter how advanced you are in navigating crypto and the internet.
Is it even possible to avoid these fake crypto social media scamsโ๏ธ
If youโre interested in learning more about how to avoid social media fake crypto scams, youโve come to the right place. Read on as we dive into the various types of scams,what to look for, how to defend yourself from the scams, what to do if you make a mistake, and more.Itโs critical to remain safe as you search the internet and use cryptocurrency.
Understand Types of Scams
First, itโs ideal to understand the types of scams you will face. There isnโt just a one size fits all for this trickery - hackers and those with evil intentions will use several methods to get you to fall for their crypto scams. The more you know about them, the better off you will be.
Here are a 7 common crypto scams:
๐น๏ธFake website:ย Scammers might create a fake crypto website to gather personal information and data.
๐น๏ธPhishing scams:ย Phishing scammersย will go after private information related to the e wallet.
๐น๏ธPump and dump schemes:ย Here, fraudsters will inflate a coin on social media, sell all their holdings, then watch as the value crashes.
๐น๏ธFake celebrity endorsements:ย Scammers may use the face orย name of a celebrityย to boost a scam.
๐น๏ธFake apps:ย Individuals may create fake apps that victims download on their phones.
๐น๏ธ Blackmail and extortion:ย Some scammers get aggressive and claim exposure of private information unless the owner follows their rules.