With the approval of Bitcoin ETF, more and more people are turning their attention to cryptocurrency investment. However, this area is rife with clever scams. Today, I will reveal some common scam techniques, hoping that everyone can be more vigilant and avoid being deceived.

For example, people often post their investment returns on social media, claiming to have earned tens of thousands of yuan easily, as if making money is as easy as breathing. However, keep in mind that people who actually invest in cryptocurrencies are usually very cautious and do not openly flaunt their wealth. If someone in your circle of friends frequently shows off their profits, then this person is probably a liar. Emphasizing its importance, liar, liar, liar.

People who show off their wealth fall into two categories: those who are stupid and those who are liars. Excluding the former, what remains is the latter. Imagine if you made a lot of money by investing in cryptocurrencies, you would choose to quietly enjoy that wealth instead of going around advertising your success, unless they had other purposes.

On the Internet, especially on platforms like Zhihu, scammers are active. They establish contact with investors through private messages and other methods, add WeChat, pretend to be friends, and brag about their resources and abilities in the currency circle to attract trust. They will package themselves as omniscient experts, and many novices who are new to the currency circle will often add such people as friends when they are confused, hoping to get help when they have problems they don’t understand in the future.

Once such a WeChat friend is added, the scam begins. They will chat with you from time to time, share screenshots and cases of making money, and gradually gain your trust. When you become curious about this information, you may take the initiative to ask how to make money. At this point, the scam really begins.

They will guide you to register on some formal exchanges, such as Oyi or Binance, and then claim that the income of these platforms is too low and recommend you to switch to other so-called high-yield platforms. Provide a link, claiming that this is an exchange focused on building in a wealthy country. It seems formal, but it is actually the beginning of a scam.

Next, they will guide you on your trades, showing you high returns in the short term and convincing you of them. When you are ready to withdraw money, you find that it is inoperable and tells you that you need to reach a certain capital threshold to unlock the withdrawal function. At this time, you may continue to invest funds, hoping to meet the conditions for withdrawal. However, when you are ready to withdraw money, you are told that you need to pay high fees, and these fees cannot be deducted from your account balance.

At this point, many people realize that they have been deceived. Some people choose to call the police, but the police will usually tell you not to have too much hope, especially in the currency circle, where funds are almost impossible to track or recover.

This is the experience of many people being cheated in the currency circle. While the details may be different for each person, the essence of the scam is the same. Scammers are constantly upgrading their tactics. They usually use small accounts that have not been authenticated because they disappear after committing crimes and do not use large accounts that update content for a long time.

Maybe you are wondering, why can you find the information of these scam exchanges on a formal information platform like Feixiaohao? It could be that the exchange itself was deceived, or that the exchange colluded with the scammers. In either case, the results are tragic.

Therefore, I have never recommended that you use small exchanges. I only recommend using leading exchanges like Oyi and Binance. On these platforms, you are less likely to encounter fraud, and even if funds are stolen, the exchange will pay compensation. I hope friends who read this article can avoid being scammed. Losing money is acceptable, but being scammed is really painful.

Finally, if you want to learn more knowledge, Qiqi small circle welcomes everyone#etf #TON $ETH $BTC