What are the common signs of cryptocurrency scams?
An example of an AI chatbot conversation about recognizing cryptocurrency scams.
What are the common signs of cryptocurrency scams?
Common signs include promises of guaranteed returns, pressure to invest quickly, and lack of transparency.
How can I verify if a cryptocurrency is legitimate?
You can check for regulatory compliance, look for a clear whitepaper, and research the team behind the project.
Are there any specific red flags I should watch out for?
Yes, be cautious of unsolicited offers, high-pressure sales tactics, and projects with no clear use case.
What should I do if I think I've been scammed?
Report it to the authorities, contact your bank, and consider reaching out to a legal professional for advice.
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