What should I avoid if I'm a cryptocurrency investor?

Don't trust anyone—government officials, public figures, strangers—who contact you directly asking for payments in cryptocurrency or offering you an "investment opportunity." Never share your private key or the seed phrase to your cryptocurrency wallet with anyone, and store that information somewhere offline, aka a cold wallet.

How to avoid a cryptocurrency scam?

Avoid social media hype: Scammers often use social media to advertise fraudulent cryptocurrency investment opportunities. Some also use images of celebrities — often without their consent — and high-profile people to “endorse” their company and make their investment seem legitimate.

What are the different crypto scam techniques?

There are many different scam techniques in the crypto space. Here are some of the most common: Exit scams happen when developers of new crypto projects defraud investors by promising big returns, but pocket the funds or abandon the projects before investors can profit.