Fake Exchanges
Fake cryptocurrency exchanges are fraudulent platforms created to steal users' funds and personal data.
How to recognize a fake exchange:
🔵If an exchange offers extremely low fees, incredible sign-up bonuses, or guaranteed profits, it may be a sign of fraud.
🔵Reliable exchanges are usually licensed and regulated by financial authorities. Check for information on licenses and regulatory bodies on the exchange's website.
🔵Fraudulent exchanges may post fake positive reviews and high ratings. Check reviews on independent resources and forums.
🔵Trustworthy exchanges provide information about their team, office locations, and company history. The absence of this information can be a warning sign.
🔵Check if the site uses a secure connection (HTTPS), and pay attention to possible errors or inconsistencies in design and functionality.
🔵If an exchange makes it difficult or delays the withdrawal of funds, it may be a sign of fraud. Check user reviews about fund withdrawals.
How to protect yourself:
🔵Use only verified and well-known exchanges. Check the exchange's reputation on cryptocurrency forums and review sites.
🔵Enable two-factor authentication (2FA) to enhance the security of your account.
🔵Use complex and unique passwords for each exchange and change them regularly.
🔵Keep only the funds necessary for trading. Store the main funds in cold wallets.
🔵Make sure you visit the correct site, check the URL, and avoid phishing sites with similar domain names.
