I've noticed that scams are becoming more common on a daily basis, and scammers are coming up with new tactics to steal from people, so I believe it's best to secure our funds. Newbies like myself makes up a larger portion of scam victims, I'd like to share some scam pattern, which I believe some people might think is already been known by everybody but I know there are still lots of newbies that will fall for the scam, so I know this post will be helpful to newbies in the forum.

1, phishing link; most people receive links which you will be asked to click the link and input your details in the link, we should always avoid that, don’t click on random link’s, the links are been shared on socials, most especially on Telegram, if you drop a message on telegram group, you will receive random messages from different people and they will change their name to customer support, they will be acting link customer care and you will be send a link which some will ask you to input your details, some will ask you to connect your wallet address, always make sure you don’t respond to any private message you receive on telegram trying to act as a customer support, all of them are scammers, a customer care will guide you on what to do in the group and they won’t message you privately.

2, fake crypto exchange; scammers have advanced to the level of creating fake crypto exchange, just to defraud people, that’s why we have to be very smart when using a exchange, we should make sure that we are trading on a reputable exchange, most newbies don’t care about the exchange which they are trading on, they believe all exchange are the same and most of those fake exchange provides bonuses which will encourage people to use there exchange, immediately you deposit to make withdrawal will be kind of difficult.
some of them will clone a crypto app on playstore, mostly there is always a little difference in the name, so you have to be very careful when downloading any app on playstore, most preferably make sure you get link that will direct you to the application on playstore from there official website. Sometimes people create a app that’s yet to be launched on playstore and they will launch it on playstore, anybody that download and input details on the app, your account will be hacked because they are already having access to your account. For example let’s assume binance exchange is just having web alone and they are yet to launch their app on playstore, someone might decided to design a app and they will launch it on playstore, any one that see it will think the app belongs to binance.

3, giveaway scam; mostly newbies are the once that mostly fall for this kind of scam, crypto space is not where free money is been shared, you have to work for your money. Sometimes you will receive some coins which after receiving it, some of them will be listed on exchange like pancake, if you try to swap it they request for high gas if and after confirming that you want to swap it, the gas fee will be deducted from your account and your transaction won’t be successful. There are other patterns they use to scam through giveaway that’s different from the one I sighted as an example above, we have to be very careful and to avoid giveaway. Sometimes you see on social media like Twitter that a highly influential person is running a giveaway, we should avoid posts like that, most of them are scammers.

4, fake bitcoin recovery service; their are some people claiming to be bitcoin recovery service, they always claim they can recover your lost bitcoin for you which some of them will request for your private key or your private details which at the end they will endup stealing from you and won’t help you recover any bitcoin, we have to be very careful because mostly newbies are the once that fall victim of all those scam pattern, if your bitcoin have been stolen, Don’t believe any crypto recovery service.

5; Ponzi scheme; Cryptocurrency is not a Ponzi scheme so we have to be very careful, scammers are everywhere asking people to invest in some sites and in few hours or few days, you will receive double of your investment, or huge return of your investment without any risk, all those investments are fake, we have to be very careful, the huge return in investment always encourage newbies to invest in it which at the end they endup losing all their money to ponzi and they will blame bitcoin or cryptocurrency for that.