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Author: Admin | 2025-04-28
Not share sensitive data with their partners.How to spot a crypto app scamCrypto app scams have become a mainstay in the cryptocurrency industry. Scammers often employ different techniques to draw unsuspecting victims and siphon their funds. Let’s take a look at activities that scream scam in the crypto industry.A shabby-looking website: Scam websites often have the same layout because most scammers are impatient and use scripts of other scam websites to lure people into registering their accounts. A scam website will lack a good home page, won’t reveal the name of the founders of the project, and will have a poor layout. Websites like MetaMask, Binance, and Coinbase, are professionally built and have a simple layout. Leave the website immediately if the layout doesn’t appeal to your sense of safety.Promise mouth-watering returns: Scam websites often promise their users mouth-watering returns like 33% to 44% APY on staking and investments. Cryptocurrency investment can have great returns, but the market is volatile, and no exchange or broker can boast of constant positive returns on investment. A website that promises to double your investment in a few days is certainly a scam. Even established brokers like Crypto.com promise an 8% APY after about a year of holding.Does not require identity verification: Scammers want you to quickly get to the payment page, so they skip many important elements a crypto website should have. One of those elements is identity verification and proof of address. It is illegal to allow an entity to trade without
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