Cryptocurrency scams cost victims billions. Here's what to watch for when investing.
Top Crypto Scam Types
- Fake Exchanges - Phony websites that steal your deposits
- Giveaway Scams - "Send 1 BTC, get 2 back!" (Always fake)
- Pump & Dump - Hype drives price up, then scammers sell
- Fake ICOs - New "coins" that don't exist
- Celebrity Scams - Fake endorsements and AI-generated videos
Warning
No legitimate person gives away free cryptocurrency. If you see this - it's 100% a scam.
Red Flags
- ✘ Guaranteed returns
- ✘ Celebrity endorsements (verify independently!)
- ✘ Pressure to invest immediately
- ✘ "Send crypto to receive more"
Basic Protection
Only use established exchanges (Coinbase, Kraken). Enable 2FA. Research thoroughly. Never share private keys.
Learn Safe Investing
Crypto investing requires knowledge. Our Investment & Crypto Scams course covers safe practices, how to spot scams, and protect your investments with detailed training.