The value of Bitcoins has risen dramatically in recent years, and it’s not surprising that there are scammers trying to steal your coins or take over your account.
People have always been trying new ways to trick others in order to get their hands on someone else’s cash without working for it. These days, they are targeting people who use cryptocurrency by pretending that they’re from one service or another with an offer too good to refuse.
Bitcoin Exchange Scams
There are many types of cryptocurrency exchanges. They vary in the amount and type of personal information that they require from users, if any at all! Some allow for anonymity which means there is no need to enter your name or address into a database full with other people’s sensitive data.
Some exchanges may advertise themselves through social media or on the internet but only offer you fake coins in return for your real money and Bitcoins. These operations exist solely to steal from unsuspecting investors who don’t know better than to avoid them.
These cleverly designed, legitimate-looking programs will take your hard earned money and never provide you with anything in return. They also have a knack for showing real time prices – but don’t be fooled by their tricks because they are just here to steal bitcoins from unsuspecting users like yourself. It’s important to do plenty of research to make sure they are legit.
It’s not surprising that hackers have been getting more and more clever with their computer viruses. Recently, they’ve begun using keyloggers to steal Bitcoin private keys or login information from cryptocurrency exchanges without the user even noticing it.
This is just one of many unfortunate trends seen in today’s world wide web. Be sure not to click on any website link that seems suspicious if you want to protect yourself against this threat from malicious software, unless you’re 110% sure about its authenticity.
Thieves are now using elaborate hoaxes to steal bitcoins. They buy domain names that seem similar to those found on trustworthy exchanges and then send bogus emails with these domains, requesting recipients check their bitcoin accounts for transactions.
For example, they may buy the domain name, coinsbase.com rather than coinbase.com and then send bogus emails with this domain. They ask the recipients to check their bitcoin accounts or login information by including links leading them back to the scammer’s website. The website looks just like legitimate exchanges’ login pages but will instead lead victims into giving private account details. The victims won’t realize what has happened until it is much too late. Hackers can take control of your account and steal everything in it. Always inspect links sent to you by anyone, even if they appear legitimate.
Promises Of Value Increases
Bitcoin scams are a dime a dozen. If you come across any websites that make claims of doubling your Bitcoins, or guaranteeing daily returns on them, don’t fall for it! The only way to double the amount of bitcoins in your wallet is through mining new ones – which requires time and money (and an expensive computer).
Bitcoin scams are on the rise. You should be aware of these scams and how to avoid them before they happen to you. Always do your research when using cryptocurrency exchanges and never click links in emails.