Avoiding Crypto Scams

The crypto space attracts scammers. Learn to spot and avoid the most common schemes.

Common Scam Types

Phishing: Fake websites that look real, stealing login credentials or seed phrases.

Rug Pulls: New tokens/projects that suddenly disappear after collecting funds.

Pump & Dump: Coordinated price inflation followed by mass selling.

Fake Giveaways: Promises to double your crypto if you send funds first.

Red Flags

  • Unsolicited DMs or emails promising returns
  • Celebrity endorsements (often fake accounts)
  • Guaranteed returns or "get rich quick" claims
  • Pressure to act immediately
  • Misspelled domain names
  • Projects with anonymous teams (for large funds)

Verification Checklist

  • Check official social media (blue checkmark)
  • Verify URLs character-by-character
  • Research team members independently
  • Look for security audits (for protocols/contracts)
  • Check community forums for complaints