With very little regulation around cryptocurrency, beginner traders are more vulnerable to scams. Today we will uncover who the best bitcoin recovery expert to recover scammed bitcoin are.
Before we cover the best bitcoin recovery expert to recover scammed bitcoin, we want to expose the most common bitcoin scams floating around the internet.
If you have fallen victim to cyber theft and need professional help click here.
Bitcoin Exchange Scam
A very common tactic used by cyber thieves is leading naive traders to invest money on a fake cryptocurrency exchange. The fraudster will impersonate a licensed cryptocurrency broker and gain your trust. Next he will offer advice or better rates if you sign up with their fake company.
Upon depositing your money onto their platform, they will lock you out of your account and keep you from being able to withdraw money. People have lost thousands of dollars to this despicable and heinous trick.
In order to protect yourself from shady cryptocurrency exchanges, you must learn how to distinguish between authentic and fake platforms. One good way to tell if a website is legitimate is by making sure the “https” on your browser is secured.
Another way to spot a fake exchange is to check if you can see cryptocurrencies being exchanged in real time. If there are no trades happening in real time, the platform you’re using is a scam.
The next thing you want to check for is the reputation of the exchange. Does the platform have credibility within the industry? Does this website get mentioned on social media?
Another thing you should always check for are proper security measures including text and email verification & Identification verification. The last thing you must always remember, if there is an “account manager” that’s a huge red flag. The only person that should be handling your money is you!
Checking to make sure the exchange has these things ensure your chances of being scammed out of your bitcoin are slim to none.