How to avoid Crypto-Scams

How To Identify And Avoid Crypto Scams?

You know the situation; you’re watching a video on YouTube, and then all of a sudden…

“Hey guys! Chad here. Do you want to know how I managed to make €50 billion just by trading Bitcoin?”

Most of these guys will be American, but they’ll target people from all over the world, including Finland.

Today, I want to talk about some of those Bitcoin scams, and how you can best avoid them.

  • Find out about your Guru 

The first piece of advice I can give to you is to make sure you know whom you’re buying from, and Google is a great tool to use for this.

If somebody is worth listening to, then they’ll have become established long before they became a guru. Look at their Wikipedia page, and maybe even try looking at some of the news reports about them.

Nobody can expect you to trust someone who suddenly appeared out of nowhere telling you that if you just follow their plain (which costs €1000), you’ll become rich enough to quit your job.

  • Know what you’re paying for 

Secondly, you need to look at what it is you’re paying for.

A lot of these scams work by inviting you to “free webinar” or giving you a “free ebook”. But after that, you need to pay more to learn more, and then pay more money to learn even more, until you’re €20,000 in debt, and haven’t learnt a thing.

And when you’re taking these “lessons”, you need to ask yourself what you’re learning. Are you paying money to learn about Bitcoin, or are you just spending money to have someone tell you that you’re amazing, and you’re only one step away from being able to quit your job?

  • Use books instead

There are these fantastic things called books. I know they’re not too common these days, but they still publish them, and you can still buy them.

Even if you go into a thrift store, you’ll be able to find some.

Would you be able to find the information you’re paying thousands for in a book at costs €10? If you could, then it’s a sign that this is a scam. 

  • Where to trade Crypto-Currency 

For those of you who want to be able to trade bitcoins properly, and not get scammed, then I would suggest using Suomiarvostelut

This is a website where you can read reviews of hundreds of companies from their previous customer, and enable yourself to be informed about the most sensible places for you to be spending your money. 

My recommendation would be CryptoSoft, a trading platform that’s safe and easy to use. But just make sure to read all the reviews so that you can make the best decision. 

  • Conclusion

Some of us can see right through these scams and see the “gurus” for the snake oil salesmen that they are. 

However, for people who are in an economically vulnerable situation, this is easier said than done. If you’re working in a job that you can’t stand and is messing with your mental health, you’ll likely be doing whatever you can to try and quit! 

If you’re in this situation, please be careful and make sure you won’t be wasting your money.