Why Are There So Many Cryptocurrency Scams?

Common types of cryptocurrency scams to watch

Team Luno
Team Luno
Jan 11, 2019 · 5 min read

Common cryptocurrency scams

Phishing

Always check the URL or email address first.


Fake exchanges and wallets

Be sure to research any financial entity you interact with.


Scam coins and fraudulent ICOs


Giveaways

Remember, giveaways shouldn’t have an ‘entry fee’


Pump and dump schemes


Malware and ransomware


In person sales


Ponzi schemes


Staying safe

Luno Publication

Luno.com

Team Luno

Written by

Team Luno

We write about all things crypto. Our articles convey the views of Luno and the many unique opinions and characters within our team. Tweet us @lunomoney

Luno Publication

Luno.com is a global cryptocurrency company, with over 2 million customers in 40 countries. We make it safe and easy to buy, store and learn about BTC and ETH. We strive to educate, and open the doors for dialogue and discussion on cryptocurrency, fintech, finance, and more.

Team Luno

Written by

Team Luno

We write about all things crypto. Our articles convey the views of Luno and the many unique opinions and characters within our team. Tweet us @lunomoney

Luno Publication

Luno.com is a global cryptocurrency company, with over 2 million customers in 40 countries. We make it safe and easy to buy, store and learn about BTC and ETH. We strive to educate, and open the doors for dialogue and discussion on cryptocurrency, fintech, finance, and more.

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