4 Common Bitcoin Scams To Avoid In 2020.
Dolapo Ojelabi
Scams
5 years ago
1 QCP
Is Bitcoin a Scam?
A lot of us have in one point or another asked this question and some of us have had to answer this important question.
Bitcoin is not but you should be careful with bitcoin transactions. Just like you cannot say Naira or US Dollar is a scam because it was used in a transaction to scam you, so also you cannot say Bitcoin is a scam.
Here are the 4 common bitcoin scam tricks you need to spot and avoid:
1. Bitcoin Doublers: These are the one that will tell you "Buy $100 and get $1000 in 2days". Nothing like this exists in the cryptocurrency market.
2. Deposit Bonus: These ones will tell you to deposit a certain amount of Bitcoin to receive a reward. A lot of people fall for this scam because it always looks so real.
3. Giveaways: They will ask you to drop your bitcoin wallet to receive the giveaway. On social media especially on Twitter, some Imposter twitter account will comment "hurray! I have received my reward, click here to get the same". Do not fall for this.
4. Casinos: They ask you to play to win. This scheme makes you think you just won a big amount on the casino and to make a withdrawal, they ask for a deposit.
Do not click on just any site because of a giveaway.
Do not drop your wallet address on every comment for fake bitcoin.
Stay safe!
A lot of us have in one point or another asked this question and some of us have had to answer this important question.
Bitcoin is not but you should be careful with bitcoin transactions. Just like you cannot say Naira or US Dollar is a scam because it was used in a transaction to scam you, so also you cannot say Bitcoin is a scam.
Here are the 4 common bitcoin scam tricks you need to spot and avoid:
1. Bitcoin Doublers: These are the one that will tell you "Buy $100 and get $1000 in 2days". Nothing like this exists in the cryptocurrency market.
2. Deposit Bonus: These ones will tell you to deposit a certain amount of Bitcoin to receive a reward. A lot of people fall for this scam because it always looks so real.
3. Giveaways: They will ask you to drop your bitcoin wallet to receive the giveaway. On social media especially on Twitter, some Imposter twitter account will comment "hurray! I have received my reward, click here to get the same". Do not fall for this.
4. Casinos: They ask you to play to win. This scheme makes you think you just won a big amount on the casino and to make a withdrawal, they ask for a deposit.
Do not click on just any site because of a giveaway.
Do not drop your wallet address on every comment for fake bitcoin.
Stay safe!
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