How to protect yourself against crypto-related scams?

1. Research before you invest. Be sure to do your own research before investing in any cryptocurrency or coin offering. Don’t just take someone’s word for it. Learn as much as you can about the company and its cryptocurrency, including who the founders are and what their background is.

2. Beware of unsolicited offers. If you receive an email, text message, or other communication asking you to invest in a cryptocurrency, it’s most likely a scam. Do not click on any links provided and delete the message.

3. Verify credentials of anyone involved in the transaction. If you’re being asked to invest in a cryptocurrency, make sure you verify the credentials of anyone involved in the transaction. A legitimate investment opportunity will have transparent background information that you can check.

4. Avoid promises of guaranteed returns. Promises of guaranteed returns and exaggerated claims of potential gains are common tactics that scammers will use to try and lure you in. Be wary of such promises, as there is no way to guarantee a return on an investment.

5. Use secure payment methods. When investing in cryptocurrency, always use a secure payment method like a credit card, bank transfer, or escrow service. Be sure to keep a record of your transaction and double-check to make sure the funds were deposited into your account.