Common Scams in Crypto and How To Avoid Them Reddit Post

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August 5, 2021

There is a fantastic reddit post that covers the most common types of scams users will face in the world of crypto. Check out that reddit post here. Here is a quick summary:

  • SIM Swap
  • Clipboard Hacks
  • Gas Trap
  • Pump and Dump Groups
  • Rug Pull
  • Phishing / Social Engineering
  • Fake Exchanges and fake crypto sites
  • Ponzy / Pyramid Coins
  • Fake coins

There are a lot of scams out there to be wary of in the world of crypto. The short answer is to go read that thread from /u/Wargizmo and invest in a hardware wallet like the Trezor or Ledger and stick to reputable and publicly reviewed services.

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