Common Types Of Cryptocurrency Scams & Tips To Avoid Them. Part 2

1. Cloned Websites, Exchanges and Wallets
This is the most common practice of scammers, where they clone websites, exchange apps and wallets of reputable companies.

Cloned websites often redirect you to a payment gateway outside of it and often use similar letters in the URL to make it look like the original one, like O and 0.

Hence you should always double-check the URL before going ahead. Their app colours are also a bit off and are not exactly the same as the original brand’s colour.

One more point that I would like to add here is;

Just because making an app or wallet has become so easy, every now and then a new one pops up. So make sure you use a trusted platform and not just download anything from play store.

How to Avoid This:

Have an eye on their trading volumes; they often have some unrealistic spikes
Bookmark and keep the exchange that you use and trust
Don’t download or access any website from any link shared by anybody on the internet.

Courtesy - COINSWITCH KUBER - Cryptocurreny Exchange in INDIA.

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