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Crypto Scams To Be Aware Of

Credit Card Scams

Crypto Scams To Be Aware Of

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Cryptocurrency is a digital or virtual currency that uses cryptography for security. Cryptocurrencies are decentralized, not subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, was created in 2009. Since then, numerous other cryptocurrencies have been created. These are often called altcoins, short for alternative coins. 

Altcoins include Ethereum, Litecoin, and Monero. Cryptocurrency scams are becoming more common as the popularity of crypto grows. Here are some common crypto scams to be aware of:

Fake websites

Fake websites look like official exchanges, wallets, and other online crypto platforms. These sites often ask you to input your private information, such as login credentials or credit card numbers. They may also ask you to deposit some cryptocurrency so that they can double it in 24 hours by using a “special” algorithm or trading strategy. 

However, these are scams. Once the scammers have your personal information, such as your bank account number or credit card number, they will use this to steal from you directly or sell this info on the dark web for an additional profit. Ethereum Code is the top trading app that you must trade on.

Phishing emails

Phishing emails try to trick users into giving up their personal information. The scammer may pose as a support team member from a legitimate organization, or they may create a fake website that looks like the real thing. They then email their victims, asking…

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