Common Crypto scams and how to stay safe

Crypto is full of opportunity—but also full of traps.

From phishing links to fake giveaways, scammers are getting smarter.

Let’s break down the most common Crypto scams

1️⃣ Phishing Links & Fake Wallet Connects

These scams trick you into connecting your wallet to a fake site that looks legit.

Once you approve a transaction, your assets can be drained in seconds.

🔒 Tip:

Never click links from random DMs or comments

Always access dApps directly via bookmarked links

Double-check the URL before connecting your wallet

2️⃣ Fake Giveaways & Airdrops

“If you send 0.2 ETH, you’ll receive 1 ETH back.”

Sound familiar? It’s an old trick that still works.

Fake airdrops will ask for wallet access or small deposits. You lose both.

🛡️ Tip:

Legit giveaways won’t ask you to send anything

Always verify promotions via a project’s official site

Avoid clicking links in Twitter replies or Telegram groups

3️⃣ Impersonation Scams

Scammers copy official profiles or pretend to be support staff.

They might DM you offering help—or early access to a feature.

🎭 Red flags:

Admins or devs never DM first

Links shared privately are often traps

Look for subtle username misspellings or fake profile handles

4️⃣ Rug Pulls & Pump-and-Dumps

This is when a new project hypes its token, pumps the price, then disappears with the money.

Sometimes you can’t even sell the token—they lock the contract.

🚩 Spot them early:

Anonymous team? Big red flag

No product, just promises? Be cautious

Always check for audits and real utility before investing

5️⃣ Fake Exchanges & Wallets

New platforms offering zero fees, rare tokens, or “exclusive” features? Be careful.

Some fake exchanges collect deposits—then vanish. Others steal data via malicious wallet apps.

⚠️ Tip:

Stick to verified apps from trusted sources

Research new platforms on CoinGecko, CMC, or Reddit

Be skeptical of “too good to be true” offers

6️⃣ Malicious Smart Contracts

Some dApps ask for unlimited access to your wallet.

If you say yes, they can move your tokens freely—even weeks later.

🛡️ Safety tip:

Use Revoke.cash to remove old token permissions

Don’t interact with random tokens dropped into your wallet

Always read what you're signing before confirming a transaction

Final Thoughts

Most crypto scams rely on two things: 🚨 Urgency

😨 Fear of missing out

The best defense? Stay calm, verify everything, and don’t rush.

Your wallet, your rules.

✅ Quick Checklist to Stay Safe:

Never share your seed phrase

Bookmark trusted platforms

Use a hardware wallet for long-term storage

Always verify links & announcements from official sources

Don’t connect your wallet unless its verified to be safe!

Common Crypto Scams And How To Stay Safe