4 Tips to spot a Bitcoin Scam Online during Transactions
Do you use Bitcoin? This is for you.
A simple list on how to deal safely online during transactions on Bitcoin.
@lordbanks wrote:
As a p2p digital cash system, bitcoin has some unique features
which make it particularly attractive to scammers. The irreversibility
and pseudo-annonymity of transactions are particularly inciting to
nefarious actors.
The technology is still very new.
So regulation, consumer protection, best business practice and
supervisory bodies are sorely lacking. With that in mind it is important
to learn how to protect oneself against scam artists.
Summary: Tips to avoid Scam on Bitcoin
1. Make sure they are not listed on
www.badbitcoin.org .
2. Beware of bitcoin ponzi schemes that promise you incredible returns.
3. Do background checks and due diligence on the company.
4. If there is any doubt at all, don’t give them your Bitcoins.
So, stay safe on Bitcoin!
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