In the cryptocurrency world, scam sites haven’t exactly been few and far between. With the ease at which your Bitcoin or altcurrency can be stolen, means they’ll always have lurkers waiting for the opportunity to scam you. Even some of the most reputable of users can eventually turn into a scammer, as it has happened time and time again on Bitcoin talk forums. If you know that to look for, and do a little research, you can ultimately save yourself from becoming yet another victim. Due to a recent scam that happened on the Feathercoin forums, it prompted me to write this.
A few things to remember:
- If it sounds too good to be true, it normally is. Like everything in life though, sometimes there are the rare moments there are exceptions to this.
- Always research, get verification, proof, etc.
- Most scam websites will have their registration information private. You can easily search Google for a whois on a domain to find out their registration information. (*This isn’t always proof that a site is a scam, as some individuals enjoy their privacy. For instance my blog registration is private, mainly do to the fact I don’t want the world to have my name, address, phone number, etc. that I provided upon purchasing my domain. I’m just a blogger, not an LLC.*)
- If it doesn’t feel right, don’t go through with it. Sometimes our gut instinct is our best instinct, trust it.
Just like many in the cryptocurrency world, I have been scammed, and I have taken very substantial losses due to not protecting my assets. Always research things through, don’t act on impulse, though sometimes impulse acting is necessary.
As a wise man once told me: Your wallet should be like your genitalia, you never leave home without it, and you shouldn’t give it to just anyone. Keep it private, keep it secure.