If It Smells Like A Scam… It Probably Is: How To Spot Red Flags In Crypto

The illusion of legitimacy is a powerful tool that scammers often exploit.
Source : Ewan Kennedy/Unsplash
Security matters just as much as research. Your first step to protecting yourself includes enabling two-factor authentication (2FA) on all your accounts to add that extra layer of safety.
By Nils Andersen-Röed
With the rise of digital transactions, scams have become increasingly sophisticated, preying on urgency, false promises, and impersonation tactics to deceive unsuspecting users. Recognising red flags, such as high-pressure tactics, unrealistic returns, and a lack of transparency, is crucial in safeguarding oneself. The strongest defence against crypto scams lies in a combination of critical thinking, robust security practices, and a healthy dose of scepticism.
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