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How to Save You from a Cryptocurrency Scam and Gain the Best Results by Investing in the Right Place?

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How to Save You from a Cryptocurrency Scam and Gain the Best Results by Investing in the Right Place?

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  1. How to Save You from a Cryptocurrency Scam and Gain the Best Results by Investing in the Right Place? Bitcoin has been dating controversy since its launch. It has been known in aiding the black market in its growth, scamming users out of millions, etc. Similarly, there has been a number of legitimate cryptocurrency scam that has made these a potentially grey area of investment. So, before venturing into investment in bitcoin or cryptocurrency, it is important to understand how you can be duped from your hard earned money and can lead to loss.

  2. What is a cryptocurrency scam? Since, Bitcoin has been an unregulated form of currency trading market, the value of the same is dependent on the amount of value of the agreement. Also, it does not have a regulatory agency or bank as a moderator. This makes it susceptible to cryptocurrency scam artists who life unsuspecting people into the trap and con them to make heyday. How you can fall a victim to a cryptocurrency scam? There are a variety of ways in which you can recover scammed bitcoin especially if you have fallen victim to any of the below mentioned issues -

  3. Malware scams — Malware scams are quite common but with bitcoin, it becomes even more serious. For instance — the hackers can work by monitoring the Windows clipboard for cryptocurrency addresses. In case, one is detected, it is swapped for the scammers account. The same happens even if you are using third party trusted sites like Slack. The fake bitcoin exchange -Another great way to dupe unsuspecting victims is to create a fake bitcoin exchange. The same is designed to be an affiliate branch of a renowned and respectable organization. Hence, they offer you to exchange and trade your Bitcoin but actually scam you. If you are a victim of such a fake exchange then you can recover scammed Bitcoin by approaching a legitimate recovery firm.

  4. The Ponzi scheme — A large number of people fall prey to the Ponzi scheme that promises to get you millions using your Bitcoins as an investment source. Some of the top scammers in this case have been known to promise you with high ROI in exchange for original investment and commission from bringing in more people. The fake Bitcoin scam -Another classic scam uses fake currency to dupe the Investors. In reality, the site gave to its investors fake and unaccounted Bitcoins in an exchange for real money. This scam has lured investors by creating commodity frauds and misappropriation of the funds.

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