Crypto Scam Alerts

Learn to identify and avoid common cryptocurrency scams. Protect yourself and your hard-earned Bitcoin!

Why We Created This Page

We want you to succeed in earning free Bitcoin safely. This page exists to protect beginners from losing money to scams. Knowledge is your best defense!

Common Cryptocurrency Scams

Learn to recognize these scams before you lose money

Ponzi Cloud Mining

EXTREMELY COMMON

Sites promising unrealistic returns like 5-10% daily. They pay early investors with new investor money until they collapse.

Red Flags:

Guaranteed high returns

Referral-only income

No real mining proof

Anonymous operators

How to Avoid:

Never invest in cloud mining. Only use free tiers from established platforms.

Fake Faucets

VERY COMMON

Faucets that never pay out or require you to reach impossible withdrawal thresholds. They waste your time watching ads while they profit.

Red Flags:

Extremely high minimum withdrawal

No payment proof

Constant technical issues

Withdrawal always pending

How to Avoid:

Only use faucets recommended by trusted sources. Check payment proofs on forums.

Phishing Websites

DANGEROUS

Fake websites that look like real exchanges or wallets. They steal your login credentials and private keys.

Red Flags:

Slightly wrong URL

No HTTPS/SSL

Asking for private keys

Unsolicited emails

How to Avoid:

Always double-check URLs. Never click links in emails. Use bookmarks for important sites.

Pump and Dump Schemes

COMMON

Groups promoting unknown coins, promising huge gains. They pump the price then sell, leaving you with worthless coins.

Red Flags:

Telegram pump groups

Get rich quick promises

Unknown coins

Pressure to buy now

How to Avoid:

Stick to established cryptocurrencies. Never buy based on social media hype.

Fake Giveaways

VERY COMMON

Scammers impersonate celebrities or companies, asking you to send crypto to receive double back. You never get anything.

Red Flags:

Send crypto to receive more

Impersonating celebrities

Too good to be true

Urgent time limit

How to Avoid:

No legitimate person asks you to send crypto first. All giveaways asking for deposits are scams.

Malware Wallets

DANGEROUS

Fake wallet apps or browser extensions that steal your cryptocurrency when you deposit funds.

Red Flags:

Unknown developers

Not on official stores

Excessive permissions

Poor reviews

How to Avoid:

Only download wallets from official websites. Use hardware wallets for large amounts.

Essential Safety Tips

Follow these rules to keep your Bitcoin safe

Never Share Private Keys

Your private keys are like your bank password. No legitimate service ever asks for them. If someone asks, it is a scam – no exceptions.

Use Two-Factor Authentication

Enable 2FA on all crypto accounts. Use Google Authenticator or Authy, not SMS. This protects you even if your password is stolen.

Research Before Investing

Google "[platform name] scam" before using any service. Check Reddit, Trustpilot, and crypto forums for real user experiences.

Use Reputable Wallets

For small amounts: FaucetPay, Coinbase. For larger amounts: Hardware wallets like Ledger or Trezor. Never use unknown wallet apps.

If It Sounds Too Good...

Earning free Bitcoin is slow and requires effort. Anyone promising easy riches is lying. Realistic earnings: $10-100/month with consistent work.

Join Trusted Communities

Learn from experienced users on r/cryptocurrency, r/bitcoinbeginners, and BitcoinTalk forum. Ask questions before trying new platforms.

Found a Scam?

Help protect the community by reporting scams. Contact us with details so we can warn others.