Crypto is full of opportunities — but also traps for the unwary. Understanding common scams helps protect your assets and identity.
1. Phishing Attacks
Fake websites and emails mimic real platforms to steal login data. Always check URLs and never share your seed phrase.
2. Rug Pulls
Developers abandon a project after collecting investor funds. Avoid tokens with anonymous teams or unclear use cases.
3. Fake Airdrops and Giveaways
Scammers promise free tokens if you send crypto first. Remember: no legitimate project asks for payment to receive a reward.
4. Pump and Dump Schemes
Coordinated groups inflate a token’s price, then dump holdings, leaving others with losses. Be cautious of sudden hype on social media.
5. Impersonation Scams
Fraudsters pretend to be support staff or influencers. Official teams never message users directly for wallet access.
How to Stay Safe
Use hardware wallets, enable 2FA, verify information from official channels, and trust your instincts. When in doubt, do not proceed.
Conclusion
Vigilance is the best defense. Understanding scam tactics allows you to act confidently and protect your investments.