How to Avoid Crypto Scams and Rug Pulls | BPAYNEWS Learn
How to Avoid Crypto Scams and Rug Pulls
Scams evolve fast, but patterns repeat. Master these checks to protect your capital and spot red flags before it’s too late.
Common Scam Tactics
- Fake support agents and phishing sites.
- Guaranteed returns or unrealistic APYs.
- Copied websites, fake audits, manipulated followers.
Verification Checklist
- Audit the token contract (mint/blacklist/transfer limits).
- Check liquidity lock and ownership renounce status.
- Verify real team presence and consistent shipping.
Personal Security
- Use hardware wallets for large holdings.
- Keep seed phrases offline; never in cloud notes.
- Double-check URLs; avoid unsolicited links/DMs.
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Written by BPAYNEWS Learn | Category: Safety / How-To
