Читать книгу Cryptocurrency All-in-One For Dummies онлайн

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The semi-anonymous nature of Bitcoins — combined with the inability to do a charge back — make it tough to get your money back. Plus, governments do not currently offer protection for Bitcoin transactions, so you’re up that proverbial creek without a paddle.

Fraudsters will try to win your trust by sending fake IDs or even impersonating other people you may know. Always double-check the information they send you.

Crazy get-rich-quick schemes have proliferated in the cryptocurrency world. The good news is: It’s easy to recognize them if you know what to look for.

Often, you are promised massive returns, and there is some kind of recruitment and indoctrination process. This process could include things like sales training, asking you to recruit your friends and family, and promising that this is a risk-free investment and that you’ll never lose your money. In this situation, never give anyone access to your private keys.

The bottom line: If a scheme looks too good to be true, it probably is. No matter what, take a hard look at how the investment is generating value outside of what you’ll receive from your investment. If there is no clear and rational reason that a significant amount of value is generated, it’s a scam.