Either way, you should know that there’s no such thing as “guaranteed returns,” and that’s especially true when it comes to digital assets. If someone contacts you and says they can work wonders with your crypto and make you wealthy in a hurry, don’t reply. The “jobs” they’re hiring for are often in the crypto field, including things like crypto mining and recruiting other crypto investors. Either way, these jobs all have one thing in common – you have to make a payment in crypto to get started. In other scenarios, thieves will create fake job listings or send unsolicited job offers in order to lure new victims to their scheme.

Different Types Of Crypto Trading

At the end though, the romantic encounter was always fake, and the person on the other end of the line wasn’t who they said they were. When it comes to crypto scams, there are quite a few telltale signs that let you know you’re about to be duped. Anything that seems too good to be true: If you encounter any crypto offer that seems so good it can’t possibly be true, your instincts are likely spot on.

If you get phone calls or emails from your bank or another institution you actually use, don’t reply to the email or phone number you were contacted from. Whether you believe you have spotted a crypto scam or you’re already caught up in one, it’s your duty to report it. After all, the initial contact could be fake. If you want to begin investing, spend some time learning more about companies you might want to work with. There are legitimate ways to invest in crypto and other investments, but scammers always use high-pressure techniques to get you to invest before you have time to do any research. Instead of replying directly, look up the company’s contact information on their official website, and call or email them back there.

For example, crypto thieves will say they’re from the government or law enforcement in order to gain some credibility. Other times, they’ll say they’re from a large company like Amazon, Microsoft, FedEx or even your bank in order to convince you of some other storyline. From there, they’ll convince you your accounts or assets are frozen as part of an investigation, and that you can pay them in crypto to resolve the issue.