Common Cryptocurrency Scams and Basic Prevention
Cryptocurrency transfers are fast and usually difficult to reverse once confirmed, making them attractive to scammers. Recognizing warning signs such as unsolicited contact, guaranteed returns, requests for keys, and fees demanded before withdrawals can help reduce the risk of fraud.
Recognizing Bait and Relationship-Based Scams
Fake giveaways often use the promise of “send a small amount first and receive more in return” as bait, while fake airdrops may induce users to connect their wallets or sign malicious transactions. Pig butchering scams first build trust through dating or social media platforms, then direct victims to deposit funds into fraudulent investment platforms and use fabricated returns to encourage them to keep investing more.
Beware of Impersonation, Deepfakes, and Phishing
Scammers may use AI to forge the voices and images of celebrities, platform executives, or friends and family, and may also impersonate customer support representatives to send login links. When you receive an unsolicited investment opportunity or request for funds, pause before taking action, independently verify the person's identity using contact details published on the official website, and carefully check whether the URL uses a lookalike domain.
Protecting Accounts, Wallets, and Devices
Seed phrases, private keys, and account passwords should never be shared with anyone. Legitimate platforms and customer support representatives will not proactively request this information. When downloading a wallet or trading platform app, access the app store page through the service's official website and verify the developer's name, release date, and recent reviews to avoid transferring funds to an address provided by counterfeit software.
Evaluating Projects and Promised Returns
Ponzi and pyramid schemes rely on funds from new participants rather than revenue from legitimate business activities. Guaranteed returns or unusually high returns are warning signs. When evaluating a project, review its token allocation, team experience, real-world utility, whitepaper, and smart contract audits. If you are asked to pay additional taxes or fees before making a withdrawal, stop immediately.
Original Tutorial
https://www.binance.com/zh-CN/academy/articles/most-common-cryptocurrency-scams-and-how-to-avoid-them
Mark it complete when you understand it.
Opening a lesson does not complete it automatically. You can change its status at any time.