What I Learned From Being Scammed (twice) in the Cryptocurrency Space

This story is for all cryptocurrency enthusiasts out there, but it is especially for new enthusiasts and those still learning about the crypto space. In this article, I explain some of the most common scams I’ve seen, how I was scammed, and how you can avoid a similar fate.

The Good and the Bad of the Cryptocurrency Space

There are many incredible things about the cryptocurrency community. It’s filled with creative visionaries and brave risk takers who see the amazing potential of blockchain technology to address some of our planet’s biggest challenges. Blockchain can help eliminate inefficiency, democratize markets, and open up the global economy to billions of people around the world who are currently excluded.

However, there is another side to the crypto space, a darker side. It is the scammers trying to trick you out of your hard earned crypto. These people are everywhere. I often see posts or get messages on Facebook advertising “investment” opportunities like this:

This type of scam is easy to avoid because it is simply too good to be true. If someone were able to turn that kind of profit in a week they wouldn’t need to ask people to send bitcoin. They would be making money for themselves.