BEWARE OF BITCOIN SCAMS

As Bitcoin and other cryptocurrencies have become more popular and gain attention from both the media and consumers, many new investors have emerged seeking to profit off the digital gold rush.

As with any new investment there is significant risk to bear, however, in a currency market these risks increase exponentially. As many remember when email began its journey to become a staple of the modern household, scams like the infamous “Nigerian Prince” began to appear which lost inexperienced users thousands of their hard-earned dollars. These same scams and malicious tactics have reared their ugly head again as cryptocurrencies have become increasing popular and lucrative, and it’s the responsibility of every investor to ensure they are informed to prevent a fraudulent website/person from stealing their money.

Here are a few of the most prominent Bitcoin scams you should be aware of as you invest:

Malware Scams

Any person that uses the internet today has inevitably ran into malware scams in some capacity. Whether it is a fraudulent website that installs harmful software on one’s computer as they download something or fraudulent sites that pose as something legitimate up until a user enters their payment information, malware has been a omnipresent scourge of the digital era. The presence of malware is no different when it comes to buying Bitcoin, it only comes in a different appearance. According to tech support site Bleeping Computer, cryptocurrency malware has begun targeting users seeking to buy Bitcoin or use various Bitcoin Exchanges.

Fake Bitcoin Exchanges

One of the most apparent scams as of late has been fake Bitcoin exchanges, that is sites that pose as legitimate trading platforms but instead steal all of a users’ funds. A prominent example of this was BitKRX, which posed as a Korean Bitcoin Exchange platform.

Here is more list of bitcoin scam to be beware of and avoided by all means:
https://www.rent-hackers.com/beware-of-bitcoins-scams/

Comments

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