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Crypto 101: 7 Must-Do Tips Before Investing #3
Beware of Scams 👏
If something sounds too "good to be true" and promises unbelievable returns, it’s very likely a scam. Stay away from shady exchanges, phishing emails, and messages promising to make you rich quickly. In general, don’t rush to trust anyone, unless…it’s your dog!
Always DYOR before investing. In the world of crypto, there are no shortcuts or easy ways to make money without risk – only expensive lessons. There are many types of scams, from fake ICOs (initial coin offerings) to Ponzi schemes (where they use new investors' money to pay older ones). Being cautious is essential for any investment. Never send money to someone promising to double it or give you an airdrop, because they won’t.
Legitimate projects will have clear and transparent information available. When in doubt, ask the community or Alex, who’s always here to help you out. #Crypto101withAlex
Beware of Scams 👏
If something sounds too "good to be true" and promises unbelievable returns, it’s very likely a scam. Stay away from shady exchanges, phishing emails, and messages promising to make you rich quickly. In general, don’t rush to trust anyone, unless…it’s your dog!
Always DYOR before investing. In the world of crypto, there are no shortcuts or easy ways to make money without risk – only expensive lessons. There are many types of scams, from fake ICOs (initial coin offerings) to Ponzi schemes (where they use new investors' money to pay older ones). Being cautious is essential for any investment. Never send money to someone promising to double it or give you an airdrop, because they won’t.
Legitimate projects will have clear and transparent information available. When in doubt, ask the community or Alex, who’s always here to help you out. #Crypto101withAlex