Cryptocurrencies have been increasingly popular in recent years, with more and more people using them. A relatively new field, they are particularly attractive for scammers. There are a lot of charlatans out there who can use both sophisticated technological ways to steal your money or some tried-and-tested schemes from the past. Can you recognize a cryptocurrency scam and protect yourself from it? Take this quiz to find out!
You should not trust this person. No one can guarantee a profit, especially such a huge one.
There are a lot of scams with cloud mining services, but legit ones do exist. You just need to thoroughly check everything before trusting the company.
If the site doesn’t connect securely over HTPPS protocol (that is, its address doesn’t start with “https”), the connection is not secure, and someone might steal your data.
You definitely shouldn’t. Coinbase.com is one of the biggest digital currency exchange services, but coiinbase.com is a scam site. It shows a popular but sometimes effective trick — scammers might operate a site with an address familiar to a popular service so some users confuse them. Always check the address of the site you are using when typing in personal information or completing any important operation.
While there are legit cases of small currencies becoming significantly more expensive over a short period of time, it can often indicate a scam. It’s called a “pump and dump” scheme, something that has existed long before cryptocurrencies but is especially popular in this industry.
Physical “cold” wallets are indeed generally safer than online ones, but online wallets are also a legit way of storing cryptocurrency if the service is safe.