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If you’re looking to venture into crypto investing you should take note of the next few lines. This is because over the next couple of paragraphs we would be highlighting some of the most common crypto scams and how avoid them.
Crypto Ponzi Schemes: Ponzi scams generally trick victims into investing in an essentially a nonexistent project. Fake apps and exchanges: another way that investors get scammed is developing fake apps and non-existent exchanges. When these apps are downloaded they give the scammers access to the victims private data like funicular information. Pump and dump schemes : Here, scammers encourage investors to buy crypto assets in dubious crypto projects, based on false information. The price of the cryptocurrency subsequently rises and the scammer sells his own shares, earning a handsome profit and leaving the victim with worthless coins. Fake celebrity endorsements: in this scam, celebrity social media handles are hacked or faked. The scammers the use these accounts to post good reviews about fake crypto currencies.
The easy way to avoid the aforementioned scams is to leverage of vetting crypto platforms like the RiseUp ecosystem. These platforms leverage on technology to get smart contracts,
crypto holders etc. Some of them also offer research insight to the investments enabling the investors to be well educated and informed about the true nature of crypto projects. Anyways, I am open to your thoughts and opinions about it."
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from Bitcoin - A Peer to Peer Electronic Cash System https://ift.tt/g9FNmun
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