The risks of trading cryptocurrencies are mainly related to the volatility of the cryptocurrency market, which represents a high risk, it is important that we understand the risks before starting an investment in cryptocurrencies. All financial assets carry high risk, whether through the use of leverage, susceptibility to cyber attacks and errors, unethical trading techniques, or target market volatility.
The crypto market is considered to be the market that brings the highest risk to investors, so to minimize risk when investing, you must study and constantly learn. In the market, nobody can scam you once you gain enough experience and knowledge.
It is best to stay away from new projects, especially ones that promise high interest rates, if you are a newbie. You should instead focus on gaining knowledge before looking for a project to invest in.