How to Identify Crypto Scams [Infographic]

Crypto is hot but it’s got its fair share of risks. The guys at Blockchain UNAM, CriptoNerds, and El Criptógrafo created a guide on how to identify crypto scams, which should be required reading for crypto investors – especially for newbies.

Many an investor has been lured by the promise of getting rich overnight by investing in cryptocurrency, but as many have learned, there are pitfalls and the unsuspecting can easily fall prey to unscrupulous entities.

This infographic serves as a primer for anyone who wants to get into cryptocurrency, and even those who may not exactly be new to the game can learn a thing or two. At the very least, it serves as a stark reminder that sometimes, if it seems too good to be true, it probably is.

The graphic covers quick info on fake wallet scams, ICOs, exchanges, social media and email scams – among others. Additionally, it highlights red flags that will alert you to crypto scams early on.