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Crypto scams have become quite creative and widespread these days, targeting both beginners and seasoned traders. Here are some common ones to watch out for:
1. š© Fake Airdrops: Scammers promise free tokens but require you to connect your wallet or pay a fee. Always verify the source before engaging.
2. š° Too-Good-To-Be-True Returns: Investment schemes promising 10x or 100x returns overnight are often scams. Stay skeptical.
3. š Phishing Links: Fraudulent websites or links trick you into sharing your wallet details. Use official websites and double-check URLs.
4. š¤ Impersonation Scams: Fake profiles pretending to be influencers or support teams lure victims into transferring funds.
5. š Pump-and-Dump Groups: Scammers hype a coin to pump its value, then sell off, leaving others with losses.
How to stay safe?
ā¢ Never share your private keys or seed phrases.
ā¢ Verify everything, especially when it involves sending funds.
ā¢ Use trusted exchanges and wallets.
šØ Remember: If it feels too good to be true, it probably is! Stay vigilant and secure your crypto.
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