Crypto Trading Scams

Crypto Trading Scams are one of the most common types of Investment Scam. There are thousands of websites that claim to generate profits by trading cryptocurrencies. Investors are asked to make deposits using Bitcoin or other cryptocurrencies with the promise that the amount will be doubled within a few days or weeks. However, these websites are not operated by traders but by scammers. Once the initial investment has been made, fake profits will be shown on the platform, following which the scammers will demand additional fees to withdraw the non-existent profits.

Recently, there have been a lot of scams involving cryptocurrency. Thus, when Minerfox.com was among the most searched sites on ScamAdviser, we...
This article is from Trend Micro. Teslatrading is supposedly a new cryptocurrency venture established by, and affiliated with, Elon Musk and his...
We have in numerous instances discussed crypto investment scams aka Pig Butchering Scams that originate from China. It is a kind of scam where...
This article was first published by Financial Services and Markets Authority The FSMA warns consumers against fraudulent online platforms purportedly...
This article is from Trend Micro. Although by and large cryptocurrencies haven’t had the best last couple of months, thepopularity of crypto is...
This article is from Trend Micro. For our crypto-investor friends out there, it’s important to keep tabs on crypto-scammers’activities too — with...
This article is from Trend Micro It’s not just innocent investors making money from cryptocurrencies, but scammers too — $14 billion last year, to be...
This article is from Trend Micro Recently there have been lots of scams and phishing schemes surrounding NFTs, and this latest Apple ID phishing scam...
This week we’ve found a large number of phishing scams that you need to watch out for, including ones relating to Omicron, Amazon, the IRS, UPS,...
‘Blockchain’ and ‘crypto’ are buzzwords that have quickly become part of the mainstream lexicon even though few actually understand the terms. In...
This article is from Trend Micro. 1. CloutZap[.]com Pay to Click Job Scam Do you want to earn money at home? Ever since the pandemic broke out,...
This article is from Trend Micro. Have you started your cryptocurrency investment? Many people have chosen MetaMask, a digital crypto wallet, to...

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As the influence of the internet rises, so does the prevalence of online scams. There are fraudsters making all kinds of claims to trap victims online - from fake investment opportunities to online stores - and the internet allows them to operate from any part of the world with anonymity. The ability to spot online scams is an important skill to have as the virtual world is increasingly becoming a part of every facet of our lives. The below tips will help you identify the signs which can indicate that a website could be a scam. Common Sense: Too Good To Be True When looking for goods online, a great deal can be very enticing. A Gucci bag or a new iPhone for half the price? Who wouldn’t want to grab such a deal? Scammers know this too and try to take advantage of the fact. If an online deal looks too good to be true, think twice and double-check things. The easiest way to do this is to simply check out the same product at competing websites (that you trust). If the difference in prices is huge, it might be better to double-check the rest of the website. Check Out the Social Media Links Social media is a core part of ecommerce businesses these days and consumers often expect online shops to have a social media presence. Scammers know this and often insert logos of social media sites on their websites. Scratching beneath the surface often reveals this fu

So the worst has come to pass - you realise you parted with your money too fast, and the site you used was a scam - what now? Well first of all, don’t despair!! If you think you have been scammed, the first port of call when having an issue is to simply ask for a refund. This is the first and easiest step to determine whether you are dealing with a genuine company or scammers. Sadly, getting your money back from a scammer is not as simple as just asking.  If you are indeed dealing with scammers, the procedure (and chance) of getting your money back varies depending on the payment method you used. PayPal Debit card/Credit card Bank transfer Wire transfer Google Pay Bitcoin PayPal If you used PayPal, you have a strong chance of getting your money back if you were scammed. On their website, you can file a dispute within 180 calendar days of your purchase. Conditions to file a dispute: The simplest situation is that you ordered from an online store and it has not arrived. In this case this is what PayPal states: "If your order never shows up and the seller can't provide proof of shipment or delivery, you'll get a full refund. It's that simple." The scammer has sent you a completely different item. For example, you ordered a PlayStation 4, but instead received only a Playstation controller.  The condition of the item was misrepresented on the product page. This could be the