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How to Recognize Crypto and Bitcoin Scams

Written By Ivan on Tech

Aug 08, 2020

People often turn to Bitcoin and cryptocurrency when they are in need of financial security, but this can be a recipe for emotional investing. Often, this can lead people to become the victim of a Bitcoin scam.

In this article, we will clear up the confusion around whether or not Bitcoin and crypto is a scam. We'll also take a look at the different types of Bitcoin scam formats, how to stop Bitcoin scam emails, and how to tell if you're about to be caught out by a Bitcoin scam or not.

Is Bitcoin a Scam?

So, is Bitcoin a scam? No, no it is not. Bitcoin is a relatively new technology that serves as a purely transparent, decentralized, and open-source currency. This means that Bitcoin can not be controlled, owned, or manipulated by any governing body or central entity.

Bitcoin is borderless and can be used by anyone in the world with an internet connection.

Due to the strength of the Bitcoin network and the cost to any potential attacker, it would be practically impossible for someone...

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