Hey crypto nation, it's Layah Heilpern here
with exodus…
And today we’re going to give you three
simple ways to spot a crypto scam.
If you’ve been in crypto for more than 5
minutes you may have heard the term scam being
thrown around..
Most of the scams you will come across are
people straight up trying to steal your money….
People do not give out free bitcoin, remember
that.
Bitcoin is often referred to a digital gold,
so just as it would be weird for someone to
offer you free gold, the same goes for bitcoin.
This means if somebody asks you to send them
X amount of bitcoin and they will send you
back double, DON’T - no one is sending you
free bitcoin.
We saw this exact scam take place on twitter.
Where a hacker posted from several high profile
accounts asking people to send them bitcoin
and they would send back double.
Accounts including, Obama, Bill Gates, Kim
Kardashian and Elon musk were all affected.
This means no matter how reliable and credible
the person asking for the money is, be mindful
it’s probably a scam!
Another thing to keep in mind, as you navigate
through this online world, is that people
may offer you “opportunities” again if
it sounds too good to be true it probably
is.
People also pose as big names in the space
so it's really important you double check
who you are speaking to before you take their
word for it.
Often imposters will use the same profile
picture as the individual they’re posing
as, and they will also use a very similar
handle, changing only one character very slightly.
So it is important you double check that you’re
speaking to the real person.
A really easy way to do this is by checking
the amount of followers the account has.
If it’s low then they’re almost certainly
not the celebrity or the big influencer they
claim to be.
Another very common scam which you need to
be vigilant of is a phishing scam, where fraudsters
will trick you into providing sensitive information,
in order to get access to your funds.
Reputable companies will never ask you for
your private keys, or your 12 word recovery
seed phrase.
If you are asked to provide this information
then take that as an instant sign someone
is trying to scam you.
If you are on social media, the best thing
to do is report and block the account!
Remember, do your own research and keep safe
out there.
And of course, we’re always here to help
guide you.
If you have more questions, please let us
know in the comments.
If this video helped, be sure to give it a
thumbs up and subscribe to the channel for
more videos from Exodus.
