Crypto scams are increasingly common and can deceive even expert investors. Here are some tips on how to avoid them:

Common Scams:

• Token pre-sale / Investment schemes: Scammers promise high ROI and request upfront fees, or upfront investment in a token with a promise of being “high-potential”.
• Rug pulls and slow rugs: Fraudulent projects that disappear after taking investors’ money, some happen a few minutes after the launch, while slow rugs happen over a longer period of time (undefined).
• Phishing scams: Fake websites and emails designed to steal your login credentials.
• Fake trading platforms: Scam sites posing as legitimate exchanges to steal your deposit funds.

How to avoid scams:

• Avoid projects with guaranteed profits.
• Investigate any project extensively before trading.
• Never share your private keys or seed phrases.
• If an opportunity seems too good to be true, it likely is.