Scammers and hackers will always exist, trying to steal and get away with people's funds. Crypto scams are nothing new; we live in a digital age where there is a risk of digital scamming.
[Source](https://pixabay.com/vectors/scam-phishing-fraud-money-6922102/)
One mistake might empty your account or result in the loss of all your money if you invest in the wrong coin. Consequently, what can you do? You must first learn to recognize cryptocurrency scams in order to protect yourself from them. This will help you avoid them.
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* ##### Ai Bots Scam
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The newest scams that are going around right now are the AI bot scams, which are bots that assist you in trading and profiting from cryptocurrency. Well, that doesn't sound right, in my opinion, because the market is driven by human emotions and is therefore subject to human manipulation. Most of the time, I believe that these bots are just means to con people. Make sure you know what you are doing and conduct thorough study before making an investment in cryptocurrency bots.
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* ##### Phishing Links
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Phishing link scams are another cryptocurrency fraud you should stay away from. Newbies are the target of these scams, and I was one of them myself once. As a rookie, always make sure you are clicking the correct link by doing your research before clicking any links. For example, you may double-check that you are clicking on the correct link by checking the project's social media platform. You should also keep an eye on the comment section; if a lot of people are talking about the same thing there, that's a red flag. Take your time to verify a link before clicking it; don't click too quickly.
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* ##### Ponzi Schemes
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A cryptocurrency scam you should stay away from is the Ponzi scheme. A major warning sign are cryptocurrency frauds and chances that make extravagant yield and return claims. It hurts to inform you that you are the liquidity if you are wondering where it is coming from. Therefore, it's a warning sign if any cryptocurrency scheme you come across promises you a profit of more than 1,000%. It's a Ponzi scheme that will solely benefit the early adopters. The majority of cryptocurrency ventures that were successful occasionally had no idea they would succeed.
