How to avoid crypto scams?
Scammers often operate around the most promising and fast growing industries, which makes the crypto world and its community a perfect environment. How can you avoid being an easy target?
‘Scamming’ is one of the oldest professions, close to the thief in its origin but more sophisticated in its performances.
The main difference would be — instead of hiding in the shadows and stealing your belongings secretly, scams will openly approach you in the light of day to convince you to “invest” your resources voluntarily.
It is natural that the most dynamic, quickly growing industries attract a lot of scam activists.
The whole concept of cryptocurrency, mining crypto and NFTs is relatively new, extremely promising and can bring you amazing benefits if you are smart enough to avoid scammers on your way.
The aim of this article is to help you to recognise the most common types of scams in order to avoid them.
Reduce the chance of contact
Make it more difficult for a potential scammer to approach you, and you will have less chance to fall for his scheme.
If you have the option to filter out message requests, use it.
Make sure your OS is up to date, secure your crypto funds using a hard wallet, don’t open any attachments from unknown senders.
Make sure you disable auto download of images and files (WhatsApp and Telegram are really bad for this, and many people get hacked by malicious files — nobody will give you an NFT for free!)
You can find more general advice against both scammers and hackers here.
Always double check URLs
When using your favorite websites and platforms — bookmark them and always make sure you are using the official version. In attempts to trick you, scammers can use very similar URLs with minor typos that are hard to notice. The perfect example of a fake NiceHash URL would be www.nIcehash.com or www.nicehesh.com.
Carefully check the email domain when getting emails
Most scammers will try to use very similar domain names in the hope of catching you off guard. This type of attack is called phishing. There is a way to set up an anti-phishing code which will help to prevent most of the phishing attempts. You can learn how to do this here.
If you became a victim of a phishing attack you should report it immediately.
Not sure if the email you got is actually coming from NiceHash? You can check our official email addresses here.
Same goes for social media accounts
Always make sure you are using the official source. Double check the URLs and make sure that the name of the company is written correctly and there is a blue tick near the name.
You can check which NiceHash pages you can trust here.
Here is an example of fake FaceBook pages pretending to be NiceHash. Only the page at the very top of the picture is the official NiceHash page. It is spelled correctly, has a lot of followers, and a blue tick of verification.
Be cautious with contests, giveaways, and investment offers that are too good to be true
Never send your coins or sensitive information to someone who promised you high returns or suggested a “send-return” scheme.
This type of scam is currently operating on many Facebook pages, often posting spam comments, pretending to be the admin of the page. This is one of the examples from the NiceHash Facebook page. Even though our moderators are working 24/7 and daily report fake pages, these bots never ceased to pop up. These spam comments always come with several supportive comments from other pages to confuse you even more.
Always be suspicious of anyone who contacts you first
Be cautious of all emails and dms you get from people you don’t know. Legitimate projects will never approach you with an offer to buy a coin or NFT as well as other types of sales or investment suggestions.
Protect your personal information
Don’t tell anyone your passwords, 2FA codes or wallet seeds. Keep in mind that NiceHash support will never contact you first and will never request sharing this data.
Fake support teams
Keep in mind that NiceHash does not offer support via phone or WhatsApp and does not have a Telegram channel. Anyone who approaches you via these means of communication using our name can be considered to be a scam and should be reported.
If you were approached by someone with a job offer from NiceHash you can always check here.
NiceHash will never ask you for any upfront payments for training or for the position itself.
Other things to keep in mind
Currently NiceHash does not have it’s own token and does not make/sell NFTs. Anyone who approaches you with the request to support our community by purchasing one of those is a scam and should be reported immediately.
There is no limit to scammers imagination and we advise you to be extremely careful as new versions and schemes appear on a regular basis.