Avoid These 10 Common Cryptocurrency Scams in 2023

10. Phishing scams

Phishing scams are still a commonly used tactic by scammers, who send emails with malicious links that lead to a fake website designed to steal login information and private keys.

9. Dating Scam 

Crypto dating scams use false identities, fake love & pictures to trick victims into sending cryptocurrency. Protect yourself by researching the person & not sending crypto. 

8. Pumps and dumps 

A "pump and dump" is a crypto scam where promoters artificially inflate the price of a coin, then dump it on unsuspecting buyers. 

7. Fake Crypto apps

Scammers create fake crypto apps that appear to be legitimate. They may promise high returns on investments or offer free crypto coins, but they are all scams. Be wary! 

6. Giveaway Scams

Scammers offer "too good to be true" crypto deals. Messages create urgency & legitimacy, enticing people to send assets for quick returns. Don't fall for it! 

5. Blackmail Scams

Emails claim they have records of users' visits to adultery sites and threaten exposure unless users reveal private keys or send cryptocurrency.

4. Cloud mining scams

Cloud mining is renting mining hardware from companies for a fee & a share of profits. In theory, it's a way to mine without buying hardware, but many are scams or ineffective & lead to losses. 

Crypto scammers use celeb endorsements & glossy websites to trick novice investors into buying fake crypto. They promise big returns & names like Elon Musk to capture attention. 

3. Fake Celebrity Endorsements

Be wary of increasing fake Bitcoin exchanges that appear to be legitimate; they might seem trustworthy, but they are actually just trying to take your money. 

2. Fake Crypto Exchanges

Fraudulent ICOs are a dangerous threat to crypto investors, manipulating users into investing & often disappearing with funds. 

1. Fraudulent Initial Coin Offerings (ICOs)