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Nairaland Forum / Nairaland / General / Business / 4 Common Bitcoin Scams To Avoid In 2020. (1127 Views)
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|4 Common Bitcoin Scams To Avoid In 2020. by Ruth12: 10:26am On Mar 16, 2020|
Is Bitcoin a Scam?
Bitcoin is not but you should be careful with bitcoin transactions. Just like you cannot say Naira or US Dollar is a scam because it was used in a transaction to scam you, so also you cannot say Bitcoin is a scam.
Here are the 4 common bitcoin scam tricks you need to spot and avoid:
1. Bitcoin Doublers: These are the one that will tell you "Buy $100 and get $1000 in 2days". Nothing like this exists in the cryptocurrency market.
2. Deposit Bonus: These ones will tell you to deposit a certain amount of Bitcoin to receive a reward. A lot of people fall for this scam because it always looks so real.
3. Giveaways: They will ask you to drop your bitcoin wallet to receive the giveaway. On social media especially on Twitter, some Imposter twitter account will comment "hurray! I have received my reward, click here to get the same". Do not fall for this.
4. Casinos: They ask you to play to win. This scheme makes you think you just won a big amount on the casino and to make a withdrawal, they ask for a deposit.
Do not click on just any site because of a giveaway.
Do not drop your wallet address on every comment for fake bitcoin.
Author: Ojelabi Dolapo R. from Naijacrypto
2 Likes 1 Share
|Re: 4 Common Bitcoin Scams To Avoid In 2020. by Samfloxin(m): 11:16am On Mar 16, 2020|
Someone encouraged me to start Bitcoin business.he has opened account for me.Do you think it's not risky investing now the world economy is shrinking?
|Re: 4 Common Bitcoin Scams To Avoid In 2020. by Ruth12: 12:42pm On Mar 16, 2020|
You need to ask him the following questions
1. What website did he open account on for you
2. Ask him what he is planning to do with your money
3. Ask him what he means by "Bitcoin business"
4. Tell him to teach you how to trade rather than help you trade.
You need to know that there is nothing like "Starting Bitcoin business.
In my experience, this is 90% scam.
2 Likes 1 Share
|Re: 4 Common Bitcoin Scams To Avoid In 2020. by rolly44: 1:09pm On Mar 16, 2020|
Plz, op, can an individual who dons't kno any thing about bitcoin just go and open accnt or u need an agent, wat i mean is that i will log into the site fill d infor and get my wallet, or just lik forex trade, they said u must open an acct thro an agent lik, hi marker,fmx etc, u cant trade drect, please clearify me tanx.
|Re: 4 Common Bitcoin Scams To Avoid In 2020. by Ruth12: 2:32pm On Mar 16, 2020|
You do not need an agent to trade any cryptocurrency. the first thing you need to do is learn about cryptocurrency and trading them. You cannot know everything at ones, there are a lot of articles and videos on youtube that can help you.
There are also a lot of conferences being organised in Nigeria every month to educate people.
As a beginner, I would advise you to start by using a Nigeria exchange that will be easy to understand then from there, you can progress.
Naijacrypto Exchange is good for beginners like you because they do not charge any fee for trading, you can check them out.
|Re: 4 Common Bitcoin Scams To Avoid In 2020. by rolly44: 12:05pm On Mar 17, 2020|
Ok tanx, is it thesame in forex trade?
|Re: 4 Common Bitcoin Scams To Avoid In 2020. by Ruth12: 1:48pm On Mar 17, 2020|
No, it is not. in Forex trading you have to pick a broker.
|Re: 4 Common Bitcoin Scams To Avoid In 2020. by rolly44: 3:33pm On Mar 17, 2020|
Ok. Tanx, pls, if u kno litle about forex trade please can u explain little for me, not how to trade but the step to start including the broker u just mention, sorry 4 d inconvnece.
|Re: 4 Common Bitcoin Scams To Avoid In 2020. by Ruth12: 3:47pm On Mar 17, 2020|
No problem. You can read this article it is well detailed https://www.benzinga.com/money/forex-trading-in-nigeria/
1 Like 1 Share
|Re: 4 Common Bitcoin Scams To Avoid In 2020. by rolly44: 4:15pm On Mar 17, 2020|
Interesting, tanx alot.
|Re: 4 Common Bitcoin Scams To Avoid In 2020. by chrizzyace: 9:57pm On Mar 17, 2020|
Good Evening to you Bro... Thank you for this insightful and informative piece. I am interested in learning about trading in the bitcoin or forex realm, please if you' don't mind rendering a training service. I would be so delightful. My email is firstname.lastname@example.org I hope to hear from you soon.
|Re: 4 Common Bitcoin Scams To Avoid In 2020. by Ruth12: 11:13am On Mar 18, 2020|
I focus more on cryptocurrency than forex.
Are you in Lagos?
We have a conference coming up soon and it is free.
|Re: 4 Common Bitcoin Scams To Avoid In 2020. by ademolajubril: 11:46am On Mar 18, 2020|
Thank God I overcome this e currency problem...
I make steady money online doing simple task online and get paid legitimately into my personal first bank account with withdrawal proof...
Check my profile to get started...
|Re: 4 Common Bitcoin Scams To Avoid In 2020. by chrizzyace: 2:17pm On Mar 18, 2020|
Yes I’m in Lagos
|Re: 4 Common Bitcoin Scams To Avoid In 2020. by Ruth12: 7:57pm On Mar 18, 2020|
Alright click HERE to register
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