Bitcoin - Cryptocurrency Scams and How to Avoid Them - Digital Actor AI Video

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As you deal with the new digital monetary mechanisms known as Bitcoin / Cryptocurrency, it does not take long to recognize that there is risk involved in these transactions. And we're not talking about market volatility. Scams are everywhere online and cryptocurrency exchanges are no different. As you consider investing in different startups and exchanges, be aware of the chances of losing cryptocurrency investments.

When looking for digital crypto companies and startups, experts recommend confirming that they have a blockchain, which means they track detailed transaction data. Also, make sure they have solid business plans that solve real problems. Companies must define the rules of liquidity in digital currency and ICOs There must be real people behind the company. If the startup you're researching doesn't have any of these features, think about your decision even more carefully.

Here's a look at the most common scams and ways to avoid becoming a victim as you join the exciting future of crypto.

Spoofing sites
Maybe you follow a strong advice from someone with great expertise, but you still fall victim to accidentally visiting a fake website. There are a surprising number of websites that are made to look like original, legitimate startup companies. If there isn't a small lock icon indicating security near the URL bar and there isn't "https" in the website address, think twice.

Even if the site looks like the one you think you're visiting, you may find yourself on another payment platform. For example, you click on a link that looks like a legitimate website, but attackers have created a fake URL with a zero in it instead of the letter 'o'. This platform, of course, does not take you to the crypto investment you have already researched. To avoid this, carefully type the exact URL into your browser. Check it out too.

Another common way scammers scam crypto investors is through fake apps available for download through Google Play and the Apple App Store. While stakeholders can often quickly find these fake apps and remove them, that doesn't mean the apps don't affect many bottom lines. Thousands of people have already downloaded fake crypto apps, Bitcoin News reports.


Fake Mobile Apps
While this is a bigger risk for Android users, every investor should be aware of the possibility. Are there obvious misspellings in the copy or even in the app name? Does the brand look authentic with weird coloring or the wrong logo? Bookmark and review the download.

Bad Tweets and Other Social Media Updates
If you follow celebrities and executives on social media, you can't be sure you're not following scam accounts. The same is true of cryptocurrencies, where malicious, impersonating bots are rampant. Don't trust offers coming from Twitter or Facebook, especially if there seems to be an impossible outcome. Fake accounts are everywhere.
If someone on these platforms asks for even a small amount of your crypto, you may never be able to get it back. Just because others are responding to the offer, don't assume they aren't bots. You have to be very careful.

Email scam 

Even if it looks exactly like an email you received from a legitimate crypto company, be careful before investing your digital currency. Is the email exactly the same and is it the same logo and branding? Can you verify that the email address is legitimately associated with the company? Being able to control this is one reason why it's important to choose a company that has real people working for them. If in doubt about an email, ask someone who works there. And never click a link in a message to go to a website.
Fraudsters often announce fake ICOs, or initial coin offerings, as a way to steal significant funds. Don't fall for these fake email and website offers. Take the time to look at all the details.
Unfortunately, there are many ways that some Internet users exploit insecure computing systems to mine or steal crypto. Learn more about staying safe and protected in this emerging market before you start investing in crypto.

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