What are some common signs of a cryptocurrency scam?
An example of an AI chatbot conversation about recognizing cryptocurrency scams.
What are some common signs of a cryptocurrency scam?
Common signs include promises of guaranteed returns, pressure to invest quickly, and lack of transparency.
How can I verify if a crypto project is legitimate?
You can check for a clear whitepaper, team transparency, and community feedback on platforms like Reddit or Twitter.
Are there any specific scams I should be aware of?
Yes, be cautious of Ponzi schemes, fake exchanges, and phishing attacks that mimic legitimate services.
What should I do if I think I've been scammed?
Report it to your local authorities, notify your bank, and consider reaching out to a cybersecurity expert.
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