Tips to avoid Cryptocurrency scams The number of scams that plague the entire cryptocurrency industry is one of the key reasons why trading in cryptos like Bitcoin and Ethereum might be pretty terrifying for newcomers. While some cryptocurrency scams are easy to spot, others are more complicated and harder to avoid. Over the last several years, cryptocurrency scams have progressed to the point where they have become more intricate and have enormous scope. But on the other hand, scammers have been working hard to enhance their methods of defrauding unsuspecting crypto users into falling for their frauds. This article will cover some valuable tips for maintaining excellent cyber hygiene and avoiding scams. Tips to avoid Cryptocurrency scams : ● Avoid sending cryptocurrency to unknown addresses. ● Sending cryptocurrency under the pretext of address verification for a promised giveaway is a bad idea. ● Fake screenshots promoting false crypto deals and giveaways should be avoided on social media. Check whether the posts were uploaded by official social media accounts, even if the account handle looks familiar. ● Be wary of websites that promise unrealistic profits or significant returns. Check out consumer protection websites and regulator-maintained investor warning lists to learn more about the service or product provider. ● Double-check the affiliation with third-party sources if a website claims to be linked with or endorsed by a reputable organization. ● Keep an eye out for spelling or grammatical errors in messages or website domain addresses, as these could be signs of fraud. ● Never share your cryptocurrency account login and security passwords with anyone. ● On Telegram, be wary of fraudulent freebies and job offers. Job openings and campaign announcements can be found on official channels. You can double-check them. ● Always notify higher authorities if you suspect some fraudulent account activity. ● Always conduct your RESEARCH before investing in new ICO tokens. ● To protect your cryptocurrency account, use two-factor authentication (2FA). ● Outbound calls demanding confidential personal information should never be accepted. Be aware that scammers can impersonate real phone numbers when making outgoing calls. ● If you recognize any of the passwords provided in the extortion email as ones you presently use on other websites, change them immediately. ● We hope you've learned by now that con artists depend on your greed or fear, expecting you to move quickly and make a snap decision without hesitation. In this article, we have discussed how to avoid cryptocurrency scams, but the truth is that scammers are always coming up with new ways to defraud people. So, always be careful. Conclusion: Some cryptocurrency scams are simple and easy to identify. Others are more difficult to avoid because they are more complicated. Be aware of websites that claim astronomically high profits or returns. Protect your Cryptocurrency account with two-factor authentication (2FA). Before investing in ICO tokens, always do your research.