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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• How to Buy Crypto Safely
• How to Create a Crypto Wallet

Written by BPAYNEWS Learn | Category: Safety / How-To

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