Practice shows that fraudulent schemes do not stand still and are becoming more sophisticated, which means that you cannot relax, even if you are no longer a beginner in the world of cryptocurrencies.
Perhaps scenarios designed for completely inexperienced people will not work with you, but do not forget that sometimes vigilance fails even for the most seasoned users. Therefore, in the case of cryptocurrencies, increased attentiveness and analysis of everything that happens is a prerequisite.
What are the most common schemes for crypto scammers? They vary in complexity and organization. This is what users with different levels of process understanding often come across.
Such exchangers very often offer attractive deals at very favorable rates, appealing to the greed of users. They can't even be called full-fledged websites — just a script and a couple of pages. Often they only offer the service of exchanging fiat money for digital, because their creators are not interested in anything else — this is enough for your money to float to them. Such websites, of course, get blacklisted, but with this approach, they can be stamped in huge quantities on different domains.
The fraudster contacts both the client and the exchanger. presented to one side by the crypto exchanger, to the other by the client. To the first, he says that he wants to exchange fiat for cryptocurrency, the second side gets that offer the other way around. The scammer provides all the necessary information to both parties, as he learns from them. Details are requested from the exchanger and transferred to the client who makes the cryptocurrency transfer and gives the fraudster his address for replenishment. The crypto exchanger is provided with the address of the fraudster. Then the client and the exchanger try to find out which of them deceived whom, not suspecting that they both were deceived. Now many exchangers are aware of such schemes, yet such scam tricks are still around.
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A hacker breaks into user data and replaces the address of his crypto wallet with his own. Moreover, access to the account is not blocked, and he can use it without even noticing that the wallet number has changed. This practice is common on forums, social networks, and even in Telegram. Moreover, this scenario has even leaked to exchangers. You should be wary if you are offered bonuses and VIP status from the start, for which you need to send the cryptocurrency to your crypto wallet.
Mindfulness, critical thinking, and healthy suspicion should always be present, no matter how confident you feel. These tips will help you play it safe.
Do not send large amounts of cryptocurrency at once, divide them into several payments.
Check the payment details at each stage of the operation.
Before using a P2P service, look for reviews on the work of this service or an individual on the network at independent websites.
Contact a service or an individual through several communication channels and pay attention to how soon they respond to you and what information is indicated in each channel of communication.
It is best, of course, to use the services of trusted exchangers, yet even there you need to be very careful. Remember that no one except you will take care of the safety of your money. BTC-Alpha team also recommends reading more about storing cryptocurrency with safe crypto wallets.