want to get in on the ground floor, the easiest option for the average person is to buy coins or tokens in an ICO. Look at the team behind the project, its whitepaper, the purpose of the currency, the tech behind it, and the specifics of the token sale. Some promise astronomical (and implausible) returns and fail to disclose a range of hidden fees, while others are fronts for Ponzi scams and are simply designed to part you from your money. Some will entice users with promotional offers that sound too good to be true.
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Two of the apps, "Poloniex" and buy bitcoin silver "Poloniex Exchange were downloaded more than 5,500 times before they were removed from the store. Thoroughly research any exchange or wallet before creating an account who is the team behind the exchange or wallet? (For example, does it claim youll be able to double your investment?) This should raise a big red flag and is a common indicator of a scam. After all, if the next bitcoin ever actually arrives, getting in at the ground floor could see early-adopters earn a fortune. Other scammers have turned their attention to creating quite sophisticated fake wallet apps which, once downloaded to a users smartphone, can be used to steal critical account details. This indicates that a website is secure. How to avoid cryptocurrency malware scams Update your antivirus software regularly to protect yourself against malware Never download and install programs unless youre 100 sure theyre from a reputable, legitimate provider Dont open suspicious attachments. These types of pyramid schemes are nothing new and can be easy to spot, but that hasnt stopped some crypto buyers being scammed in a handful of high-profile incidents. Once you enter your account details on this unofficial page, the scammers have everything they need to log in to your real account and steal your funds. Make sure your computer is protected against malware by keeping your antivirus software up to date.
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