How to avoid scams and frauds in cryptocurrency space?
I recently lost some funds due to greed and my own mistakes these days cryptocurrency space is full of scams and frauds they use many different ways to steal your funds from your wallet I want to share my personal experience with you which will definitely help others to avoid scams and frauds so let me share with you how they do that
First of all they try to get your contacts like email ID, whatsapp or telegram ID but mostly these scammer used email, they send you an email in which they mentioned they give you 1 ethereum 1 Bitcoin or may be any other cryptocurrency with a different amount as a free airdrop or sign up bonus, so you have to claim or withdraw it in like 3 days then they provide you a website link
When you opened the link it may be looks like a cryptocurrency exchange or wallet or may be like a simple website of a upcoming cryptocurrency project when you sign up and check your wallet you may see 1 ethereum or Bitcoin in your wallet but when you try to withdraw it it not works or allowed
After that they ask you to deposit some cryptocurrency coins in order to activate your account then you will be able to withdraw your funds including free airdrop or bonuses
And sometimes they ask you to connect your wallet like metamask and trustwallet and approved a outgoing transection to pay some gas fee in order to get or withdraw the amount of cryptocurrency which you received in airdrop or bones
Please always remember transection fee or gas fee is always deducted from available funds in the wallet there is no need to pay a gas fee in separate transaction and another thing is if it's real they should not suspended your withdrawal or locked your funds which you receive in free airdrop or bones if there is any kind of fee they can deduct it from the airdrop or bones and send you ramaining amount of cryptocurrency that's why if they required to deposit funds from your cryptocurrency wallet to there or need to sign or approve a outgoing transaction from your wallet there are 99.99% chances it's a scam or fraud so please be aware of that its every where on the internet and social media to get access to your funds
I hope this will help you to identify and scam or real airdrop
Thanks for reading
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