How to Avoid a Cryptocurrency Scam!
Cryptocurrency scams are one of the fastest-growing schemes in America & have led to billions of dollars of loss for victims across the country. Investing in cryptocurrencies comes with significant risk. To steer clear of a crypto con, here are some tips from the Federal Trade Commission:
- Only scammers demand payment in cryptocurrency. No legitimate business is going to demand you send cryptocurrency in advance – not to buy something, and not to protect your money. That’s always a scam.
- Only scammers will guarantee profits or big returns. Don’t trust people who promise you can quickly and easily make money in the crypto markets.
- Never mix online dating and investment advice. If you meet someone on a dating site or app, and they want to show you how to invest in crypto, or ask you to send them crypto, that’s a scam.
For more information about how to protect yourself, look up Crypto Scam on our Security page.