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Bitcoin Basics

Avoiding Bitcoin Scams

Common fraud patterns and habits that protect your keys, accounts, and funds.

Overview

Treat unsolicited investment offers, giveaway links, and remote-access requests as red flags. Legitimate services never ask for your seed phrase. Verify URLs, bookmark official sites, and be skeptical of guaranteed returns or pressure to act immediately.

Use hardware wallets for meaningful balances, enable two-factor authentication on exchanges, and confirm withdrawal addresses out of band when sending large amounts. If an offer sounds too good to be true, it almost certainly is.

Social engineering red flags

Scammers impersonate exchanges, wallet support, and celebrities. Urgency, secrecy, and remote-access requests are consistent warning signs.

Giveaway scams promise to multiply any Bitcoin you send—they never return funds.

Technical hygiene

Install wallet software only from official sources. Verify domain names carefully; sponsored ads have led users to phishing sites.

Enable withdrawal whitelisting on exchanges when available. These friction points frustrate attackers who compromise login sessions.

Due diligence on investments

Research teams and registrations before sending Bitcoin to yield platforms. Guaranteed returns disconnected from clear economics are a red flag.

When in doubt, pause and verify through a second channel. A day of delay beats an irreversible loss.

Ready to put your knowledge into practice?