Entering the cryptocurrency market can be a good opportunity, but it also involves real risks, especially for those who are just starting. In Brazil, thousands of people lose money every year for not knowing how to identify common scams related to cryptocurrencies.
This article shows how to recognize clear signs of fraud, what behaviors should raise alarms, and how to reduce risks before putting your money into any platform.
Why are beginners the main targets of scams?
Scammers look for people who:
Are just starting out in the crypto world
Seek quick gains
Do not understand well how exchanges and wallets work
Easily trust “experts” from the internet
The less information a person has, the greater the chance of falling for well-structured, but completely false schemes.
Signal No. 1: promise of easy and quick profit
If someone promises high returns in a short time, the alert should be immediate. In the crypto market:
There is no guaranteed profit
There is no fixed return without risk
There is no magic robot that works all the time
Phrases like “automatic income,” “guaranteed daily profits,” or “no risk” are used precisely to deceive beginners.
Signal No. 2: pressure to invest immediately
Scammers create an artificial sense of urgency:
“Last spots”
“Offer valid only today”
“Unique opportunity”
The goal is to prevent you from researching, comparing, or thinking calmly. Legitimate investments do not require impulsive decisions.
Signal No. 3: lack of transparency about the platform
Before investing, ask:
Does the company have a known history?
Is it widely used by other users?
Does it have a clear and functional official site?
Are there real reviews on the internet?
Fake platforms usually hide information, use generic texts, and do not make it clear how they work.
Signal No. 4: requests for sensitive data
This is one of the most serious signs of a scam. Never provide:
Seed phrase
Private key
Complete authentication codes
Remote access to your device
No serious exchange or legitimate wallet asks for this information, not even support.
Signal No. 5: gains based solely on referrals
When the main focus of the “business” is to bring in new people, and not a real activity, the risk is enormous. These schemes usually:
Pay commissions for referrals
Promise passive income without effort
Depend on the constant growth of the network
In most cases, they are financial pyramids disguised as investment in crypto.
How to reduce risks when entering the crypto market
Some simple attitudes already help a lot:
Research before investing
Beware of exaggerated promises
Only use well-known platforms
Start with small amounts
Activate all security options
Information and caution are your greatest protections.
Where beginners tend to make the most mistakes
The most common mistakes are:
Trust tips from strangers
Invest without understanding the basics
Use platforms without reputation
Put all the money in at once
Avoiding these mistakes already greatly reduces the chance of loss.
Starting in a more structured environment
For those who are starting, it makes sense to learn by using a large, well-known, and widely used exchange. This does not eliminate risks, but greatly reduces the chance of falling for amateur scams or fake platforms.
One advantage of consolidated exchanges is:
Greater market history
More security features
Greater liquidity
Interface designed for beginners
👉 Ccreate an account on a consolidated exchange:
$SHIB $DOGE $PEPE
Tip: after creating your account, activate two-step authentication, use a unique email for investments, and never share your data.
Conclusion
Scams with cryptocurrencies in Brazil will not disappear, but you can learn to recognize them before losing money. Healthy skepticism, basic study, and conscious choices make all the difference.
Before seeking gains, seek to understand. In the long term, this is the safest strategy.
