How to protect your coins. Too many scams floating around trying to steal your crypto.
The Wild West
Beware of many scam schemes happening everyday that are aimed at stealing your crypto. Market is very hot and people stopped thinking while scammers and con artist are mastering new techniques that can even fool smartest investors while they senses are overwhelmed with abundance of new projects arising every day.
I listed them below to warn you:
Slack trap
People posting fake crowdsale addresses on Slack or Telegram. Both in public channels or PM. I saw this happening many times, especially with big ICO like Status.
Fake websites and social media
Yes they build whole websites, make domain name very similar and copy it so they look 1:1 like the original one. Plus they create reliable twitters and other social media accounts, buy followers and make the whole thing look extremely original.
People are so FOMO now that they have no time to check that it's not MyEtherWallet but My EthereUM Wallet...
We are at the stage: ,,shut up and take my money".
Dodgy ICO
They appear out of nowhere. No mention on Bitcointalk, fresh accounts everywhere or ones with small activity (bought?). Usually they will stalk you on Facebook, Instagram or crypto related websites with some cheap ads. No team section or very basic, no legit Linkedin. Dead Slack and Telegram if any. Moderated topic on Bitcointalk and disappearing posts with important questions. Avoiding to show any code or MVP, poorly written white paper.
There will be more of them, some will get covered on websites with ICO calendars. Now nobody ask questions, cares about escrow or lock-ups...
My tips:
- Make sure that you use official links provided in bitcointalk ANN threads (haven't seen a fake thread yet...)
- Don't ever interact with any links that you will receive in private message from random on Slack or Telegram.
- Always confirm if the Twitter account is real by checking on bitcointalk and official website.
- Confirm crowdsale addresses with the official website, never trust any posted on Twitter or PM.
- If in doubt go and ask the team members on Slack or Bitcointalk.
- Don't put your money in some dodgy ICO that you just saw on Facebook ads. Research.
Don't let them steal your hard gained BTC or other crypto. Follow me for always updated info about:
-ICO
-bounties
-rare altocins with low cap
-small hints and tips like today
Very good tips, you are doing a good job here. Keep it up and more success
Always trying to stay updated with the market.
I agree...upvoted in order to send in my support...more success to you buddy amd keep steeming
The tips are very appropriate as there are many ICOs in market these days and people are putting insane money in them. So we have to be careful with ICOs.
Great read! :)
Thank you.
To store currencies use offline wallet on your computer is save data on several usb keys, hard drive or even cd.
Good hint.
Seven: Stick to trusted person You know! Do not decide on Your own.
Stick to our discord.
Are people really that desperate for profit that they jump on any ICO ads they see?