If you are being scammed, please read the article I said carefully

Do you have many friends around you who have been scammed by "Bitcoin"? When we asked friends and investigated the reasons for these scams, we found that the reasons for being scammed are nothing more than the following:

1. Lack of common sense of blockchain
2. Lack of ability to judge reasonableness
3. Love deceit, greed, want to make more money with small money in a period of time

This article will be dedicated to those who "decided to start investing in Bitcoin", to help you sort out several common scams, so that you can protect yourself from lightning before investing!

Scam Scenario 1: Dating Apps

The most common scams this year actually occurred in "dating apps" or social media ads. Some dating apps even list Cryptocurrency scams as an important announcement in the sign-up process!

Common dating software scam routines are as follows:

1. A handsome guy or a beautiful woman who strikes up a conversation with someone who is "empty in mind" or "just broke up in love"
2. Winning trust and sharing your investment wealth may be a good car, a watch and a bag (but in fact many may be borrowed props)
3. tell you that i will help you so you can be like me
4. Assist you in opening an account and introduce strange businesses to you
5. Responsible for convincing you to start transferring money, brainwashing you to make big money

At this stage, basically, your money can’t be recovered, but you may not even know it, because the handsome guys and beauties around you will always be with you until you get your money back, you will find out. How difficult all of this is, it requires you to pay taxes, it requires a lot of complicated processes, and at this point, you may not realize that, oh my god! I was cheated!

Fraud Scenario 2: The Routine of Showing Off Wealth

1. On Facebook, news, and IG advertisements, I saw someone posting "My dad went from debt of 1 million to driving a BMW every day", a single mother who got rich with bitcoin, and an investment technique with passive income exceeding his salary! Ah ~ passive income here is not the regular passive income we mentioned!
2. Then you see the ad, probably currently in a financially unstable state, and you DM the ad
3. So they will ask you to add to his personal Line or a Line group
4. It will start recommending you "investment targets", but this target may only be available for investment in "a certain trading platform" or tell you that as long as you buy our tools, you can know the trend earlier than the market and conduct stable Investment, to put it simply, is the same as the previous routine, which is to ask you to pay money, buy coins or invest. In the process, it will always persuade you to increase your stake and make more money.

The story behind it, you can probably think of it yourself!

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These two little stories are very real, but they also allow us to quickly grasp...

Common Scenarios and Avoidance Strategies of Virtual Currency Fraud

Don’t trust strangers or people of unknown origin: the most important thing in investing and financial management is to do your homework. If you can’t do it yourself, please don’t ask “strangers”. The first step is to find someone you have known for many years and are familiar with Friends, see if anyone has experience!

Never open an account on an "unknown platform", because these platforms may only be used by fraudulent groups! It is very difficult to get in and out of money! As for which platforms are safe and easy to use? You can refer to the exchange platform recommended by Bixue, or you must Google yourself before opening an account. If a "regular and legal" exchange is to be found, there must be more than dozens of pages of Google search information, and there will be a lot of Youtube The video is about to be introduced!

For newbies to buy coins, start with Bitcoin and Ethereum: because except for these two currencies, the risks of other coins are too high for newbies. Maybe you say that Doge has skyrocketed and you missed it, but frankly speaking, Even if you buy 100 small coins, you may not bet on a Doge surge! Beginners are still fine!

All fiat-to -cryptocurrency transactions do not require third-party transfers : if someone tells you that you need to go through customer service to deposit money, or only from me, then this is a big problem! Basically, there are a lot of introductions on the Internet about how to deposit funds in "compliant exchanges"! Please be sure to deposit funds according to the procedures of the exchange, unless you encounter difficulties in the process of depositing funds, and then contact the customer service on the website for help! And don't trust anyone from unknown sources!

No Line, Whatsapp, WeChat customer service: Yes! All exchanges use the platform's online system customer service , that is, where you find Support or customer service from the lower right or upper right corner of the platform, no one will actively add you to Line/WeChat and say it is a customer service staff! These exchanges are so large, how can everyone and Line take care of them when they have time?

You must open an account yourself, and do not "screen share" with others: this is a very common mistake for beginners, because you are afraid of "making a mistake" and hope that someone will help guide and watch!

But you must remember that if you forget the password of all cryptocurrency wallets and accounts and want to log in again, you only need to submit the "Private key" and "Seed Phrase"! So, if someone with intentions helps you in the process of opening an account, but keeps these two sets of important numbers in their minds or steals screenshots, in the future, he can easily get all your property!

If you have any doubts about this part, it is recommended to complete the introductory course for beginners to learn how to "keep" your cryptocurrency!

Regarding the fraud of cryptocurrency, you can also refer to the NFT fraud routine video, the basic principles are very close!

But the above can be said to be "basic level of fraud", but I want to add a few in the end.

"Advanced" Cryptocurrency Fraud Routines

The above basic problems, I think maybe you can dodge it yourself! But the next step up, even those who are already experienced, may make mistakes!

1. Wrong URL:

This is the most terrifying. If you already know that you want to register on Binance, but the website you go to is not the "official website" of Binance, but a "simulation page" made by a fraud group, it is really difficult to judge!

Therefore, before you register an account, you must first collect some information to make sure that the website you go to is "regular!", but let's say a digression, don't talk about cryptocurrencies, and now many websites of famous brand bags have also been copied by fraud groups. ! Before everyone really buys and invests, their eyes should be enlarged! Unreasonable prices and unreasonable processes must be judged!

2. Failure to assess the safety and risks of the target (land):

A recent example is Squid Coin, which raked in millions of dollars in a short period of time, and the founders just swept the money away! This is not only squid coins, but also many Defi projects and NFT projects. Therefore, you must do project research before investing! The research of the project includes team background, technology, Roadmap and more! This is very similar to the NFT evaluation Check list concept we mentioned earlier!

Above, we have sorted out the common scams! If you see this and confirm that you have learned it, it is recommended that you watch our cryptocurrency novice teaching video , which can quickly help you establish the correct basic process for getting started! Start your journey to Bitcoin investing!