A Comprehensive Guide By the Internet 2.0 Conference

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Cryptocurrency Scams How To Avoid Falling Victim
To Fraudsters

• A Comprehensive Guide By the Internet 2.0
  Conference

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Table of Contents

• What are Cryptocurrency Scams?
• How to detect a Cryptocurrency scam?
• Tips to prevent yourself from Cryptocurrency
  scams

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What are cryptocurrency scams?
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• As per the expert advice from speakers at the
  Internet 2.0 Conference on cryptocurrency,
  scammers in today's society will pay a lot of
  money for your bitcoin. It is liquid and easy to
  move around, and once a transaction has been
  made, it is tough, if not impossible, to take it
  back.
• Scams are common in the cryptocurrency ecosystem
  as a whole, which is one of the main reasons why
  some newcomers may feel uneasy when trying to use
  cryptocurrencies. Even though some cryptocurrency
  scams are simple and easy to spot, others are
  more complicated and may be hard to avoid.
• Cryptocurrencies, especially bitcoin, have given
  investors returns that investors in the FTSE 100
  can only dream of. But because of this,
  fraudsters are drawn to it because they want to
  make money off of the high investment returns and
  the fact that people don't know much about it.

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How to detect a cryptocurrency scam?
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• The spammer will tell you that you can get free
  bitcoin as part of a "giveaway" and will ask you
  to verify your wallet address by sending some
  cryptocurrency to an address they give you. It is
  revealed in Internet 2.0 Conference that these
  frauds have become very common these days.
• Scammers make fake customer support phone lines
  and pretend to work for companies in the
  financial services, technology, retail,
  telecommunications, and service sectors. Spammed
  all over the internet, these fake phone numbers
  catch the attention of people who need help but
  don't think anything is wrong.
• Scammers often take advantage of people who
  invest in cryptocurrencies by making it easy to
  download fake apps from places like Google Play
  and the Apple App Store. Even though these
  counterfeit apps are quickly found and deleted,
  that doesn't mean they don't affect the bottom
  lines of many businesses.
• One version of this scam is to promise potential
  investors that they will make a lot of money
  quickly if they take part in an "initial coin
  offering." This is the process of selling new
  cryptocurrencies to investors.

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Tips to prevent yourself from cryptocurrency scams
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For your convenience, the next slide includes a
few points that top internet experts revealed at
the Internet 2.0 Conference on how to prevent
cryptocurrency scams.
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• Make sure the URLs of the sites you're going to
  are correct. Scammers will often register a
  website domain that looks almost exactly like the
  one used by a real business.
• Experts from Internet 2.0 Conference advice to
  hire a spam detection company that can help you
  get your bitcoins back. In addition to Broker
  Complaint Alert, several other services may be
  able to help you get back your lost money.
• If someone comes up to you out of the blue and
  tells you about a great way to invest in bitcoin
  that seems too good to be true, you should assume
  it's a scam.
• Ensure the logos and trademarks are authentic and
  there aren't too many misspelled words. Also,
  make sure the sender's address is correct, and
  don't open any attachments.

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Thank You!

• Prepared By
• Internet 2.0 Conference
• https//www.internet2conf.com