How to safeguard yourself from Cryptocurrency Scams?

In early days people use to believe on fake mails of winning prizes. But soon they would get a reality check when they understood that it is a scam.

In all these years things have not changed. Such things on internet never die. It’s just that they come back in different forms. It’s not so easy to scam people because of innovations taking place which makes it difficult for them to trace.

These days a new form of scams have surfaced called as Cryptocurrency scams. So there are different ways how people can safeguard themselves from Cryptocurrency scams. They are given below.

Fake ICOs

• ·     Generally ICOs allow people to invest in their company in exchange for tokens. It can be easily joined through ICO groups on telegram or other platforms. These ICOs pay to receive people’s attention. They issue free tokens when joined through telegram group or some other online platforms. The ICOs at first go ask for the amount of investment. If such a thing happens then people should blacklist them as a scam. Before investing people should understand the company. If these companies confuse people then they should run away.
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• ·      Generally people should find about such companies on Google and also check if they content about Cryptocurrencies, Blockchain etc. People should check for Cryptocurrency help and Cryptocurrency chargeback. Also, people should remember that endorsements of reputable figures can be faked.

Impersonation

• ·      This is a very old trick. It simply means impersonating themselves as someone else. It usually takes a few minutes to open an account on social media. There are famous people whose accounts got impersonated. There are inventions where a chrome extension is developed to help people. Scamchargeback highlights potential fake accounts. Scamchargeback has a collection of current Ethereum scams and phishing sites.

Fake Exchanges & Wallet Scams

• ·       There are fake exchanges and wallet scams taking place. People can easily Google them and find out. If such things are a scam then people will talk about it. If an exchange doesn’t have a verification process then it could be a scam. There are companies who take the verification process very seriously. Wallets can be registered but it should be known and verified. People should find about the makers or developers of the wallet. People should completely study about these and then trust them.

  

  For more help related to chargeback and to get your money back, you can contact Scamchargeback.