ScamRisk, a website that helps millions of people all over the globe to prevent scams

Scammers are everywhere on the internet, ready to trap you. Should you stop using the internet? Not. You need proper knowledge about scams to deal with them. But where will you get to know about scams? read full reviews here because here is the answer to your question. Using scam risk, you can procure information about the world of scams.

Here are details of some of the common scams that you may be a victim of.

Cryptocurrency scams

Cryptocurrency has emerged as a giant industry in recent years. People are investing inbitcoin and other digital currencies to earn profits. Crypto is surely helping many people around the world to earn a living.

Since Crypto is gaining popularity with every passing second and people are investing millions of dollars in digital currency to earn profits, it became a great scammers attraction. Hundreds of scammers are trapping thousands of naive.

1.     Brand new coins

 Scammer scan use several tactics to trap you. A common example of crypto scams is kashcoin. Many companies and people are launching their digital currencies; Kashcoin was one of such. Kashin was too cheap compared to bitcoin; kashcoin owners promised the investors that soon, kashcoin will be worth more than that bitcoin. They used the network marketing method to bring more and more investment.

2.    High returns

Another technique to fool people is to lure people of high returns. In the beginning, such scammers return people's investments with high profits to gain trust. People start trusting and investing in their organization. Many such companies disappear after collecting money.

3.    Bitcoin mining

Many websites and applications on the internet offer free bitcoin mining. To earn free bitcoin, they ask you to mine thousands of satoshis. So you have to remain active for a long time on their website or application. But for bitcoin mining, you need powerful hardware; you cannot just mine them using your mobile phone. It only helps website owners as they earn through advertisement.

4.    Bitcoin cloud mining

Bitcoin cloud mining is another trap for scammers. There are many authentic bitcoin cloud mining plants, but some ghost bitcoin cloud mining companies are used as a weapon by scammers. They ask you for investment to mine coins. But these clouding companies do not even exist. They ran away after taking your money.

Conclusion

People believed in Kashcoin and started investing millions of rupees. But kashcoin was not a cryptocurrency; it was just a net to trap people. They stole approximately 50 crores. So be careful while investing in any new cryptocurrency.