3 Exchange ScamsMost cryptocurrencies are traded, bought and sold at exchanges, which makes it easier for the investors but there ain’t any regulatory body overseeing the transactions in some of the countries. Most of the investors turn into penniless because of the scams run by some of the exchanges. Last December, as per Bitcoin news, several South Korean exchanges were exposed as they were running scams and the country has signed up for stiffer regulations post that.
One of the suspicion flags should be high when they are offering unrealistically schemes and price as these are the cheapest traps to lure the users or the investors. You must avoid visiting unsecured websites, which can prevent the investors from losing money.
Source: 5 Common Bitcoin scams you need to Spot & Avoid | Bitcoin Fraud News 2019 There have been a lot of scammers that are currently circulating on the internet. Specially in the cryptocurrency markets. It is the best for us to always review and have doubts to every person or companies that we may be encounter while thinking and making move to make some money. You do not want to lose money so, always be careful. Scam exchange platforms are the worst for me.