What are the common bitcoin scams and how can I avoid them?

1 answers

• ahmed jaferJul 22, 2025 · 4 months ago
  At BYDFi, we prioritize the security and protection of our users. To avoid common bitcoin scams, it's important to stay informed and educated about the latest scam tactics. One common scam is social media impersonation, where scammers create fake accounts pretending to be influential figures in the crypto space and ask for donations or investments. Always verify the authenticity of the account and never send money to anyone you haven't personally verified. Another scam to be aware of is fake airdrops, where scammers promise free coins in exchange for personal information or a small deposit. Be cautious of any airdrop that requires you to provide sensitive information or send funds. Remember, it's always better to be safe than sorry when it comes to protecting your digital assets.
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