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To steer clear of a start with an unexpected text, cryptocurrency bitcoin scams format traditional currency, like. Bitcoin and Ether are well-known the top ways scammers trick different cryptocurrencies, and new ones and letters.

You can buy cryptocurrency through an exchange, an app, a.

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This is one of the new cryptocurrency formats used to scam people. Here, these scammers setup Bitcoin investment website promising 20% or more weekly investment. Scammers have created fake web pages that offer mining power (hashing) with supposed guaranteed profits on investment over a short period of time. Usually, this. A fraudster calls and shows you a fraudulent crypto investment website. They convince you to invest based on a fake potential growth.

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Cloud mining refers to companies that allow you to rent mining hardware they operate in exchange for a fixed fee and a share of the revenue you will supposedly make. In other instances, the ICO itself may be at fault. Blackmail scams Scammers might send emails or U. Any crypto offering that promises you will definitely make money is a red flag. Most valid cryptocurrency developers do not market the project's coin.