How to Protect Your Money With PointPay. Say NO to Crypto Scammers

  • the unclear status of digital assets;
  • the anonymity of counterparties;
  • the difficulties in tracking;
  • the impossibility of classifying cryptocurrencies as objects of civil rights.
  1. Multi-Level Marketing pyramids. A good example is the One Coin project, a cryptocurrency that did not have its own blockchain but attracted about €4 billion in investments over the three years of its existence.
  2. Giveaways. As part of this cryptocurrency scam scheme, users are offered to send cryptocurrency to a specific wallet and get twice, thrice, or even more back. This is often done on behalf of media personalities, for example, the head of Tesla and SpaceX, Elon Musk, or the creator of Ethereum, Vitalik Buterin. In order to do this, crypto scammers create fake accounts on social networks.
  3. Promises of quick money. Crypto scammers are very fond of using the so-called thirst traps. They lure their victims with the promise of easy income without hard work. However, you can easily guess that at first you would be asked to send money.
  4. Romance scam. Cryptocurrency scammers usually find their victims through dating websites or apps like Tinder. The scam works like this: a fraudster gets into confidence and, as a result, offers an unsuspecting victim to invest in a supposedly profitable crypto project. There are also known cases where crypto scammers used LinkedIn, an employment-oriented online service, to get a person to invest in a project. As a result, people spent a fortune and gave away all their savings, being left with nothing.

Engagement channels

How to protect yourself from cryptocurrency scams

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
PointPay

PointPay

Cryptocurrency Ecosystem: pointpay.io Crypto Bank, Exchange, Wallet, Payment System. Buy Bitcoin → https://payments.pointpay.io/ Earn up to 30% yearly with PXP.