Red flags in crypto: How not to get scammed?

Appearances can be deceiving, and greed is blinding

The world of cryptocurrencies, while full of opportunities, is also a playground for scammers. In a bear market, when everyone is looking for a chance to recover losses, criminals become even more creative. As @MartinoLorenzo, I see more and more sophisticated methods aimed at one goal: access to your wallet.

What should you watch out for?

Fake Giveaways: If you see a post "Send 0.1 BTC, and we'll send you back 0.2 BTC" – run away. No one gives away free money, even if the profile looks like an official account of a well-known exchange or celebrity.

Scamming on Square/X: Scammers impersonate technical support or "Binance Angels," asking for your seed phrase. Remember: NEVER share your private keys with anyone.

"Honeypot" Projects: Tokens that you can buy but technically cannot sell. Always check the project's contract before purchasing $BTC or other altcoins.

Fake "Pumps": Telegram groups promising quick profits from unknown projects. Usually, you are just "fuel" for the organizers, who sell their shares when you buy.

My advice:

Before you click on a link or approve a transaction in your wallet, take a deep breath. If something sounds too good to be true, it probably is a scam. Educate yourself, use demo trading for learning, and always verify sources.

#BinanceSquare #OszustwaKrypto #Edukacja #Bitcoin @MartinoLorenzo #StaySaf