Hello friends how are you? Hope you are doing well. In this article i will share with you the most common Bitcoin Scams. I will show you how to find them and how to treat with them.

Note: I'm not a professional financial adviser and you should always do your own research.

Fraud Exchanges:

Nowadays on social media you will see there is link saying "Buy Bitcoin At Discounted Price at 10%, hurry up offer will close in notime!". Let me tell you guys this is not an offer its a marketing trick to get the user/customer to their fake exchange. If you visit any exchange online,the very first thing you have to do is make sure site address starts with HTTPS secured and not HTTP. This means that web traffic is encrypted and secured. If you see there is only HTTP then please stay away from such sites.

Fraud Wallets:

Finding fraud wallets is not easy because wallets are for storing your bitcons or altcoins and not for buying and selling purpose.It is just similer to fraud exchanges sites, you should always trust your instincts and look for HTTPS. Make sure you used wallets which are already using your friends and other people in a community.If the wallet is a downloadable client then please check site for malware.

Phishing Sites:

Now this is very common scam. Phishing means when someone tries to obtain sensitive information such as usernames, passwords and credit card details often for malicious reasons, by disguising as a trustworthy entity in an electronic communication. In general scammer or phisher contact you through email. They ask to click below link and they will ask you your details such as Private key, password etc. and once they got the sensitive information they will stole your money or bitcoin in no time. To save from such fraud do not click on any hyperlinks in an email or open attachments. If you got an email then go directly to respective website and check.Always check the sender email to
see from where it is coming from.

Ponzi Scams:

Ponzi scams means a community or a person who promises from wesite or email that you will "double your bitcoin" overnight.It is difficult to identify ponzi websites.They generally run referral programs, so if you get other to sign up for the site by visiting your referral link, then you may get some commission.

Cloud Mining:

This could be a tricky because all cloud mining are not scams some are legitimate. Cloud mining is shared mining hashpower, where people pool their fund together to rent Bitcoin mining machines.

Let me know your thoughts on this.