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Bitcoin Common Malpractices

Phishing scams

Are always on the lookout for scams. Fraudulent attacks are certainly popular among hackers and scammers. Within a phishing scam, the person in question usually imitates a service, business or individual through e-mail or other written communications, or by inviting fake and cunning websites that appear to be genuine. The goal is always to trick the victim into disclosing their personal information or sending bitcoin to the address of a particular scam he owns. These types of emails are often seen as legitimate but their origin is fake.

Fake exchanges

Certainty one of the most difficult ways for fraudulent investors to pretend to be a branch of a good and legitimate business network vendor. Really, that's exactly what the scammers within the bitcoin discipline are doing. Many such exchanges exist and they proved to be a place to exchange and trade bitcoin, but in the end it was fraudulent. Excessive exchanges have thus deceived people away from their money by pretending to be a new and dignified exchange of money.

Fake ICOs

With the rise of blockchain-backed companies, counterfeit ICOs gained popularity as a way to bring back these types of new companies. However, due to the uncontrolled nature of bitcoin itself, the door has been opened to all sorts of fraudulent transactions. Many ICO frauds were committed through securing investors or using fake ICO websites using fake bitcoin wallets or other crypto wallets, or by appearing as real money-based companies. Many have already been accused of such wrongdoing so it is best to check such wallets before deciding to keep your money.

Humongous returns

If you are in the trading industry, you should be aware by now that humongous income is not possible when it comes to bitcoin trading, or crypto trading in general. So, when a broker tries to give you a promise that your money will be doubled at a specific time, then the best option in such cases is to stay away from brokers as much as you can. They will just take your money and run away and you will be left with nothing but sorrow and regret.

Content created and supplied by: Felix2032 (via Opera News )

Bitcoin Common Malpractices

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