BITCOIN SCAMS : Complete Guide - Buy Bitcoins News profitable bitcoin Mining


  • BITCOIN SCAMS : Complete Guide

    The Complete Guide to Scams with Bitcoin

    one coin scam
    Here's a brief guide to the most common Bitcoin scams on the Internet, such as fake websites, Ponzi scheme or phishing. At the time of issuance of this article, the market capitalization of Bitcoin exceeds 7 trillion dollars. It's a lot of money, and a lot of people are aware of that, including a lot of scammers who want to take a piece of that digital pie. Whether you are a novice in cryptonesters or an expert in the ecosystem, you should know what are the most common scams with Bitcoin. Fake websites In January 2016, a Reddit user posted his experience after being ripped off by a fake website. The page in question imitated the market for cryptomonedas The site looked almost the same, but a careful look revealed that it lacked a letter (f) to the URL. ShapeShift was notified and posted to his blog as a random alert. Shapeshift This was not an isolated incident. There are other fake sites on pages like BitStamp, Bitcoin Foundation,, among others. Such sites make money by stealing login data from users, or by trickling users into sending funds to their wallets. There are even some who get them through the Google ads. Solution: Do not click on unchecked fonts, especially emails. Check that the page has been spelled correctly and check the SSL certificate, which is https. Deceptions with an offer to buy Did you find someone who has bitcoins to sell, or accept payments for goods and services in Bitcoin? He may be sending money to a swindler and in the end he will not receive anything in return. Scammers may even forge identifications or impersonate a respected member of the community. There are many variations of this category: "Advertise with us," in which scammers pose as a reputable Bitcoin site. Scammers pose as a seller and a previous buyer satisfied to deceive the user. To make the offer tempting, they usually offer bitcoins below the market price. Scammers collect money for equipmen / coinst that users never get. Solution: Follow your instinct. If an offer is too good to be true, it probably is. Only use trusted companies or services, carefully review the URL of web pages and email addresses. If in doubt, contact customer service to make confirmations. If the funds are transferred locally, try to meet the person personally. Scams with the Ponzi scheme (and MLM) Scams with the Ponzi scheme are easy to recognize, no matter how professional a site looks. Scammers using this system know how to manipulate people, promising them that they will make easy money. The most common, and most dangerous, groups with Bitcoin are the scams in interest-bearing deposits in Bitcoin and mining groups. The former works by offering investors a deposit agreement. They promise that they will have high profits on their deposits after a period of time. These promises are never fulfilled, or they only do at the beginning, and in addition, they end up losing all their money. In 2015, 3000 investors suffered the loss of $ 3 trillion in the MyCoin scandal. The second operates by offering the investor the opportunity to mine bitcoins without having to deal with the required hardware and maintenance. These companies offer investors quick and easy returns on their investment. Solution: Avoid sites with these kinds of promises. Serious groups will never guarantee an immediate return on investment. The testimonials of other people are not to be trusted, many people do not realize the error until it is too late. Impersonation of Identity One could assume that members of the Bitcoin community are more technological than others, and that something like an impersonation could never happen to them. Anyway, this really happens. In December 2014, BitPay lost 1.8 million in Bitcoin thanks to a phishing attack. A quick look at Reddit reveals that it also happens on pages like Bitstamp, LocalBitcoins, Coinbase and Solution: Do not click on unverified sources, including emails. Always note that the site name is well written and the SSL certificate (https). Scams through apps and plugins This modality is relatively new. In November 2015, the Bitcoin community received a notice about a fake LocalBitcoin app, available for Android. Localbitcoin

    Recently, in March of 2016, appeared the application in Chrome "BitcoinWisdom Abs Remover" that steals the bitcoins when replacing QR codes by some fake ones in the most popular markets. Solution: It is difficult to predict what kind of app or plugin will appear in the future. Even the apps have 5 stars in the reviews so you can not trust them. It is best to be extremely cautious, going to customer service to verify that the application and plugin are truthful. Scams of large authorities in Bitcoin This is one of the most difficult scams to see, because scammers seem to have great authority within the Bitcoin community. For example, there is the case of Cryptsy, which never informed its users that they lost $ 6 million in Bitcoin after a hack in 2014, and instead blocked the withdrawals of money in Bitcoin. Before this case happened, you have the whole incident with Mt Gox, where 744,000 bitcoins were lost. Recently, the fake organizers of the London Bitcoin Forum disappeared with the money collected from ticket sales and sponsor contributions. The event, scheduled for March 23 and 24, 2016, promised two days with talks from the industry's most prominent Bitcoin leaders, job opportunities, presentations and much more. Many news sites, companies and members advertised the event and made plans to attend it, until it was revealed that it was a fairly elaborate scam. Solution: You can not say "just use services that you trust," because this advice is meaningless here. However, you can minimize the risks by dividing the storage of the bitcoins through various purses, or even storing them in the cold. Conclusion: The Bitcoin scams are not doing any favor to the image of the criptomoneda. Is natural evolution a decentralized currency? The lack of regulation and self-regulation of the Bitcoin community makes the task easy for scammers. It is unrealistic to think that the scams with Bitcoin will stop in the future, so our only hope is to stay informed and protected.

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