⚠️ 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: Never send crypto to anyone who claims a guaranteed return.

2️⃣ Phishing Websites: Fake sites mimic legitimate platforms to steal your credentials. Avoid: Always verify URLs and enable two-factor authentication.

3️⃣ Ponzi Schemes: Scammers promise high returns but pay old investors with new ones’ money. Avoid: Be skeptical of guaranteed high returns with no risk.

4️⃣ Fake Exchanges: Scam platforms trick you into depositing money. Avoid: Only use reputable and verified exchanges.

5️⃣ Social Media Scams: Impersonators pretend to be influencers or companies. Avoid: Verify identities through official channels.

6️⃣ Ransomware: Malware locks your files until you pay a ransom. Avoid: Keep software up to date and avoid suspicious links.

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