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All Cryptocurrencies Are Scams

All Cryptocurrencies Are Scams. Digital scammers get more creative as the mass adoption of cryptocurrencies increases around the world. Scams are common online and cryptocurrency exchanges are no different.

Natwest Launches Urgent Cryptocurrency Scam Alert Bbc News
Natwest Launches Urgent Cryptocurrency Scam Alert Bbc News from c.files.bbci.co.uk
Considered to be the most devastating weapon in a scammer's arsenal, impersonation scams are very hard to detect and, therefore, to counter. Scams in any industry is not a new thing and crypto being a decentralised and open source concept is one of the easiest to replicate. Scams are common online and cryptocurrency exchanges are no different. One of the most popular was confido. It's easy to think that everyone is getting rich trading in cryptocurrencies.

Pump and dump schemes are one of the oldest cryptocurrency scams, and they still show no signs of slowing down.

Advanced fee fraud, investment scams, and arbitrage scams top the list of scams deployed by crypto con artists on users. Whilst cryptocurrencies are a great trading opportunity, scams and fraudulent sites are unfortunately real and common. While bitcoin and cryptocurrencies sure have their advantages, unfortunately. This year, the number of cases is on pace to exceed those numbers. And they pop up in many ways. Many scams and phony cryptocurrency schemes have scared investors.

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