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Cryptocurrency scams are everywhere. So many lost their money through the malicious activities of extremist, who entices people to invest with a certain promise of output returns. It’s easy to think that everyone is getting rich trading in cryptocurrencies. Many scammers take advantage of trader greed with dubious products and services.
DIVE IN DEEPER
There are dozens, if not hundreds, of unregulated online exchanges and brokerage firms offering cryptocurrencies and cryptocurrency trading products. Traders should be wary of too-good-to-be-true promotions and promises of quick riches. Once you deposit money, many of these firms will charge you outrageous commissions or make it very difficult to withdraw funds. Some of the worst offenders will simply steal your money.
Bitcoin’s meteoric rise in prices in 2017 awakened mainstream interest in the original cryptocurrency. But the rise in interest has not been without consequences. One of the downsides of new investors entering the market is the increase in the number of scams, frauds, and stories of retail investors who lose their coins to shady ventures. From ICO scandals to wallet theft and fraud, regular consumers can fall prey to crime easily.
It may seem as though it’s the Wild West for investors, but it doesn't have to be. While there are certainly risks in the market, the opportunities may be irresistible for some. However, being cautious is always a must, and there are clear signs of scams that investors can look for. By avoiding these traps, users can better their chances of success and protect their investments. These are some of the most common scams and how they can be avoided.
Optimal Capitals partnered with top intelligence units, across different countries, to curb the activities of these extremists. Do you think you can help fight this cryptocurrency virus. Help save others from loosing their money. Send mail to:
crfraud@optimalcapitals.org
Kindly include all possible evidences, mails, voice notes, website links, profiles. Your identity will be preserved. Report Fraud Activity
