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    Vikshita Vitthal Gujaran in OBOSWAP

    29-Nov-2022 10:41 AM


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    How to avoid common cryptocurrency scams?

    Introduction In today’s world, your cryptocurrency is an incredibly valuable asset to criminals.
    It seems too good to be true, doesn’t it?
    For instance, if Alice sells memberships to both Carol and Dan (at $100 each), she’ll be left with $100 because half of her revenue must be passed onto the level above her.
    In the crypto space, there were many cases where users downloaded malicious apps whose developers masqueraded as a major crypto company.
    Troubleshooting issues with wallets does not require knowledge of your seed, so it’s safe to assume that anyone asking for it is a scammer.
    Always check that you’re using official websites/applications, and remember: if an investment sounds too good to be true, it probably is.

    Source - https://academy.binance.com/en/articles/5-common-cryptocurrency-scams-and-how-to-avoid-them?utm_source=BinanceAcademy&utm_medium=Social&utm_campaign=Article

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