What are the most common types of crypto scams?

The most common types of crypto scams perpetrated right now include the following: The Federal Trade Commission (FTC) says some scammers will claim they have embarrassing personal information, including your own photos or videos, to lure you into a trap.

What is a cryptocurrency giveaway scam?

Somewhat of a cross between impersonation and social media cryptocurrency scams, giveaway scams are when victims are lured to an opportunity to send money to someone promising they’ll multiply the payment.

How to stop a cryptocurrency scam?

Twenty percent of romance scam victims lose money through cryptocurrency. If you know how to spot a cryptocurrency scam, you can stop a cryptocurrency scam. Bank on these pointers to invest with confidence and a Cyber Safe state of mind. 1. Always research before investing

What is a crypto investment scam?

Investment scams often promise you can "make lots of money" with "zero risk," and often start on social media or online dating apps or sites. These scams can, of course, start with an unexpected text, email, or call, too. And, with investment scams, crypto is central in two ways: it can be both the investment and the payment.