common-scams
Cryptocurrency Scams
Crypto scams are making headlines almost daily. Although cryptocurrencies are among the most exciting innovations in the 21st century, like all technology, some hazards accompany them. It may be liberating to be free from having to hold physical currency or constantly making credit card or bank transactions. However, the ease, convenience, and anonymity provided by […]
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What Are Bitcoin Forex Scams?
Most people have heard of “bitcoin” and “forex” but the actual workings of these financial products may seem abstract. Some may think bitcoin and forex are opportunities to make money fast while others may immediately associate the terms with fraudulent activity. There is some truth behind all of these impressions. It is true that legitimate […]
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Broker Withdrawal Scam
Onlne trading is attracting both new and seasoned traders. One thing clients expect from a broker, no matter how well or badly the trades go, is to have the ability to withdraw the remaining funds in their account. However, many traders experience forex withdrawal problems. Not allowing traders to withdraw money is a sign of […]
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ICO Scams
What is an ICO? ICO stands for initial coin offering. If, for example a small business or startup has a great idea for a product or service and would like to securely streamline a digital payment system, they can launch a new digital coin to cater for this. One requirement necessary to proceed with launching […]
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Ponzi Schemes
What is a Ponzi Scheme? A Ponzi scheme is a fake investment scam that promises investors high rates of return with minimal risk. The scheme deceives its victims by giving off the impression that profits generated are derived from product sales as opposed to the reality that new investors are the real source of the […]
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Fake Wallet Generators
What is a Crypto Wallet? There are a number of functions that a cryptocurrency wallet performs. Essentially, a cryptocurrency wallet is a physical instrument, program or service that stores private keys for cryptocurrency transactions. In addition to storing keys, a cryptocurrency wallet is also able to provide capabilities to encrypt and sign for information. Signing […]
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Mining Investment Scams
What is Crypto Mining? Crypto mining involves using computers to solve advanced mathematical equations in order to “mine” and create bitcoin. Bitcoins are earned through verifying transactions on the blockchain, which, in effect is a digital type of ledger that is used to monitor and track all transactions by a particular cryptocurrency. Everytime a “hash” […]
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