The most common mistake new users make is failing to distinguish between traps and opportunities. I have lost a lot of money in scams like 'free mining' and 'offline private placements', only to realize later that these seemingly enticing opportunities are all schemes to exploit novice investors. Data shows that over 80% of new users in the cryptocurrency space incur losses due to falling into these traps. Today, I will clearly expose these scams to help you avoid 99% of the pitfalls!
Stay away from these 4 types of traps!
First, scam exchanges that promote 'free coin giveaways' and 'zero fees' actually lack compliance qualifications. User funds are their ATM; over 300 such platforms had already gone bankrupt by 2025.
Second, false project hype, packaged as 'blockchain innovation' with air coins, creating a façade of trading prosperity through fake volume, with no actual application, and a probability of going to zero exceeding 99%.
Third, offline trading and private placements. Offline cash transactions come with extremely high risks; even with an intermediary guarantee, you might end up losing both your coins and your money. The 'internal private placements' and 'guaranteed returns' in WeChat groups are all scam tactics, and funds are essentially unrecoverable. Fourth, phishing websites disguise themselves as legitimate exchanges or wallets. Once you enter your mnemonic phrase or password, your assets will be stolen instantly.
The core of avoiding pitfalls is: don't be greedy for small gains and don't touch what you don't understand. Follow me @链上标哥 so you don’t get lost!
