Common Crypto Scams and How To Avoid Them
The cryptocurrency space possesses two qualities that make it the ideal environment for scams. Firstly, there is no shortage of legitimate anecdotes about people who have enjoyed immense wealth courtesy of early digital currency investments. The proliferation of such tales provides the perfect backdrop for a “get rich quick” scheme. Secondly, since the technology is incredibly tough for the layperson to understand, a lot of information has to be taken on trust. Unfortunately, thanks to these two factors, there’s a growing list of stories of people who have been duped out of large sums of money. Here are some tips to help you avoid joining it.