There are several cryptocurrency scams in the blockchain space. Some of the most common include blackmail, fake exchanges, fake giveaways, social media phishing, copy-and-paste malware, phishing emails, Ponzi and pyramid schemes, and ransomware.
Let's briefly discuss each of them so you can learn how to avoid the most common Bitcoin scams and keep your cryptocurrency holdings safe and sound.
- Blackmail
- Fake exchanges
- Fake giveaways
- Social media phishing
- Copy-and-paste malware
- Phishing emails
- Ponzi and pyramid schemes
- Ransomware
There are plenty of Bitcoin scams to watch out for. However, knowing how these scams work is an important first step toward avoiding them completely. If you can avoid the most common Bitcoin scams, you’ll be able to keep your crypto holdings safe and sound.
Do you still have questions about Bitcoin scams and how to avoid them? Check out our Q&A platform, Ask Academy, where the Binance community will answer your questions.