1. Unrealistic Promises: Be wary of any company or individual offering unrealistically high returns on your cryptocurrency investments. A legitimate cryptocurrency investment should not be guaranteed to generate dramatic returns in short amounts of time.
2. Offshore Investment Opportunities: Be cautious of any investment opportunity that claims to be located overseas, as this can be a sign of a scam. If the offer is too good to be true, it likely is.
3. Unregulated Investment Funds: Check to make sure any investment fund you are considering investing in is properly registered with the appropriate authorities. If it is not, this could be a red flag and you should proceed with caution.
4. Missing Disclosure Documents: Always insist on seeing all relevant disclosure documents before investing in any type of cryptocurrency. If they are not provided, move on!
5. Lack of Transparency: Legitimate cryptocurrency investments will always be transparent about their operations and provide clear information on their team and background.