There are many different kinds of cryptocurrency scams that are victimizing
people who are new to the crypto world. Con artists prey on those who
don’t know the difference between a legit crypto platform and a fake one,
who don’t know a Ponzi scheme from a legitimate affiliate program. These
scammers fool people into thinking that their well-designed websites give
them a semblance of legitimacy, but on closer inspection, these sites won’t
pass muster. Here are some giant red flags you should be aware of:

1. Website Has No SSL Certificate

It’s very important for a website that deals with cryptocurrencies to have an
SSL (Secure Sockets Layer) certificate installed. Websites with no SSL
only display HTTP before their domain names and websites with SSL show
HTTPS. Many scam websites are here today, gone tomorrow types of
sites, which means once they’ve scammed a certain number of people,
they’ll shut down that site and move on to a fresh domain. It’s quite easy to
transfer website files from one domain to another; this is why these
scammers can set up shop very quickly.

2. The Offer Is Too Good To Be True

Whether you’re trying to get the best rates for your dollars or bitcoins, it’s
only natural that you’d want the best possible deal. Since cryptocurrencies
are decentralized, most crypto exchanges have their own exchange rates.
However, these rates don’t vary by much. If you see a website offering
rates that are significantly lower or higher than other established
exchanges, then it’s a giant red flag. It’s better to do business with a trusted
platform with higher fees than to try to get the best deal out of an unknown
website that could possibly swindle you out of your entire fortune.

3. Beware Of Ponzi Scams

Some Ponzi scams are not as obvious especially if they’ve been around for
a few weeks or months. This is because their first members would already
have received their profits (derived from payments by new recruits) and
would be posting glowing reviews on the Internet. At first glance, you might
be fooled into thinking it’s a legitimate crypto operation especially if you
personally know someone who’s made money from the scheme. Check out
those positive reviews, and you’ll see they’re basically saying the same
thing. We’d even like to bet they would have their affiliate or referral links
somewhere on the review.