Crypto deal sounds TOO GOOD to be true? BEWARE, see how you can keep safe from scams

tech.hindustantimes.com:

Cryptocurrencies are on the rise as a legitimate payment method and on the other hand, are also seeing a rise in online frauds that target investors. Cryptocurrencies are virtual decentralised peer-to-peer currencies, which only exist online and are not controlled by any bank, government, or country. There was a time when it used to be a new concept with a handful of options available. You must have heard the names of Bitcoins, Ethereum, and Dogecoin, but the list doesn’t end here. There are more than 1,500 cryptocurrencies in the market.

What is the key highlight of cryptocurrency is the quick transaction. Payments and transfers can be made within seconds and without any intermediaries, which makes it a good option as a currency. Not just this, but also a lot of companies such as Microsoft and Expedia accept it. It also allows you to pay for or sell cryptocurrency anonymously. This is what makes them appealing to scammers and hackers to trick people.

There are many ways through which online crooks and fraudsters try to fool people. These cryptocurrency scams include:

Scammers often pretend to be from legitimate and trustworthy organisations. If the deal seems too good, check about its promotions. See if the deal is applicable on all social media platforms of the company as well as the website or not. If there is any doubt, do not invest in it.

Malicious links are always said to be checked thoroughly. Once you click on any fake or suspicious links, it can bring malware to your device. Closely inspect any URLs you aren’t sure about.

Check the logo of the company closely. Look at the design and pattern that the company uses. If it’s consistent, then probably it can be trusted, else do not believe every post pretending to be