2 more common bitcoin scams

BTC PHISHING SCAM

Email marketing is obviously one of the best strategies to advertise your brand as well as to reach out to the public attraction. With attractive email content, information or any updates can be reached out to the public and convert into potential business clients. However, lots and lots of scams involved in this strategy and many scams appear to pull out of this marketing model itself. A user gets attracted to such business emails by means of,

New BTC investment opportunity
Offers or prices slashes on Bitcoin
The account got credited with BTC
Trading opportunity with high exchange value etc.
And the main BTC phishing occurs in the case of "You've received BTC coins and login in your wallet to verify it!" All trust gaining aspects will be there in the email, and obviously, you'll fall for it. Alongside with this email, a URL that redirects to your wallet will be there in the email content. And if you click on it and move further, it's going to be a disaster. A new webpage will pop up that carries fake wallet login entry, and if you enter the details, the whole wallet data details will get hacked! You will lose all your current BTC's available in the wallet.

HOW TO AVOID PHISHING SCAM?

Avoid spam emails that offer you attractive BTC discounts etc.
Never share your wallet credentials to strangers or outside people.
Never share your private key for any purposes.
Never click on unauthorized website links as it may grab your sensitive details.
Never disclose or provide private details without checking the genuine side of the website or form.
Never get into such scams and make sure about it!

4 - BTC WEBSITE/OFFLINE/PHYSICAL SCAM (FAKE)

The real world never offers anything for free and if any pops up with a ‘free tag' be aware of that website! Nothing in this world is free, and everything comes up with a price tag. Especially in the case of BTC, it’s high in value and always follows a market cap. This isn’t it! Just like the above case, there are plenty of case studies to check for - the fake exchange website, ICO website, ads, etc.

The above case studies always pass through the same website channel and drive in users to the system. Yup, a website is literally the point where everything begins, and as told before, you must be able to differentiate between fake and real! The other scam part is the physical Bitcoin scam, and yes it’s real! A popular website reported news about such scams in Russia. Gypsies are selling Bitcoin outside a local department store by making people believe that it’s in physical form.

HOW TO AVOID A PHYSICAL SCAM?

Bitcoin is not a physical asset and understands this basic fact.
Avoid investments in the physical world like local departments stores etc.
Offline BTC business via brokers will end up in loss of the good amount of money.
Study the present digital scenario and then make the investment.
These false ideas make people suffer a great loss! Be aware of at least what cryptocurrency is and how to invest in it!