_The crypto market is growing fast, but so are scams. Every day, new traders, especially beginners, get trapped by fake promises and manipulated screenshots. Today, weâll see what crypto scams are, how they work, and how to protect yourself.
â What is a Crypto Scam?
A crypto scam is when fraudsters trick you into giving your coins, wallet access, or money by promising high returns.
They often use attractive words like âguaranteed profit,â â100% return,â âwhale signals,â or âinside news.â
đ§Ÿ How Crypto Scams Work
1ïžâŁ Fake Signals / Fake Experts
People on Instagram, Telegram, and TikTok bait beginners with âpremium signals.â
Reality: Their own accounts are usually losing money.
2ïžâŁ Pump & Dump Groups
Scammers pump a useless coin, beginners FOMO-buy it, then the scammers sell at the top and vanish.
3ïžâŁ Fake Exchanges & Wallets
Many websites pose as exchanges. Deposits disappear, and the withdraw button is fake.
4ïžâŁ Airdrop / Giveaway Scams
âSend 1 BTC, get 2 BTC backâ â always fake. People fall for greed.
đĄ How to Protect Yourself
â Only use verified exchanges (#Binance , etc).
â Never share your seed phrase or OTP.
â Guaranteed profits = red flag. The market is unpredictable.
â Donât buy coins just because of hype; always do your research.
â Never blindly trust unknown social media âtrader
đ Final Words
The crypto market is both an opportunity and a trap â it depends on what you follow.
Be smart, stay secure, and donât let scammers win.