1. Research: Research the crypto currency project thoroughly before investing in it. Make sure you understand what you’re investing in, who is behind the project, and read any online reviews to get an unbiased opinion.
2. Stay informed: Follow market trends and news related to cryptocurrencies to stay informed. Pay attention to market sentiment and look out for potential red flags.
3. Use secure wallets: Store your crypto coins in a secure wallet where only you have access. Avoid using online exchanges or wallets which can be easily hacked.
4. Don’t trust random people: Be wary of random people trying to solicit investments online. If an offer looks too good to be true, it probably is.
5. Watch out for giveaway scams: Scammers often masquerade as famous crypto personalities and offer giveaways of crypto assets to attract innocent victims. Always double check if the offer is real and avoid participating in any giveaway scams.