$8,333.84 -1.13%
BTC · 20w

Remember Folks. Bitcoin May be Magic Internet money but that make it a magical investment. Keep an eye out for Ponzi Schemes that want your BTC...

Crypto Investment scams might not be technical like many of the other scams that I have looked at, but they are very common and impact a large number of people.This video looks at what a Ponzi Scheme is, some examples of Ponzi Schemes like Bitconnect, USI Tech and Coinexx as well as some general tips for how to spot a scam and stay safe. ---------------------If you are new to Crypto, my suggestion is that you start with buying ~$150 worth of Bitcoin, Ethereum, Litecoin @ Coinbase and get familiar with storing it, moving it around, etc.For your first purcahse, just stick with CoinBase: Trading, just start with Binance: sticking with large, reputable exchanges for your first purchase (Coinbase) and first trade (Binance) you can avoid getting scammed right at the start by purchasing a non-existing coin off a scammy exchange. (You would be surprised how many people fall into this trap)Don't have a hardware wallet? Be safe and buy them direct from the manufacturer. (Not just through some random on eBay, Amazon, etc)Get a Ledger: you are just starting out, I would just recommend a Ledger Nano S)If this was helpful, feel free to send me a tip: BTC: 37hiiSB1Poj6Shs8WawPS2HjT2jzHkFSQi BCH: LTC: MRWnUcsyofisVp5GvX7nxMog5caneycKZ6 ETH: 0x14b2E26021d0Ce8E2cE6a2Eb6E2690714bB18E17 VTC: vtc1qxauv20r2ux2vttrjmm9eylshl508q04uju936n ZEN: znUihTHfwm5UJS1ywo911mdNEzd9WY9vBP7---Notes---Investment Scams: Ponzi Schemes & MoreProbably the most common scams out there...Examples...⦁ Ponzi Schemes... (Schemes that will initially provide you with actual "returns", look like an actual business with actual people)⦁ USI Tech⦁ Coinexx⦁ Bitconnect... ⦁ Obvious Scams (These just rob...

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