To avoid crypto scams in Latin America, be wary of promises of guaranteed profits, pyramid schemes, pressure to invest quickly, and projects lacking transparency. The key is to research the platform, verify regulations, and never invest more than you're prepared to lose.

🚨 Most common red flags of crypto scams

Promises of guaranteed returns: phrases like "guaranteed profits" or "double your money in weeks" are typical of frauds.

Pyramid or Ponzi schemes: cases like Generación ZOE in Argentina or Alpha Consultoría in Brazil left thousands of victims.

Pressure to invest quickly: persistent messages on WhatsApp, Telegram, or even dating apps that try to get you to make impulsive decisions.

Lack of transparency: projects without clear information about who backs them, without a white paper, or with anonymous teams.

Use of fake public figures: scammers often fabricate endorsements from celebrities or businesspeople to lend credibility.

Unregulated platforms: exchanges or wallets without official registration or external audits.

🛡️ Practical tips to protect yourself

Research before investing: check reviews, regulations, and the company's background.

Verify the exchange's security: look for external audits and licenses.

Be wary of urgency: if they tell you "invest now or you'll miss out," it's probably a scam.

Never share your private keys: no legitimate service will ask for your seed phrase.

Diversify and limit your exposure: don't put all your savings into a single project.

Educate those around you: many victims are family members or friends who get involved based on recommendations without doing their research.

🌎 Regional context

Cryptocurrency adoption in Latin America is accelerating: more than 57 million people own crypto assets (12.1% of the adult population). This growth has brought with it a proportional increase in fraud, making it even more urgent to recognize the warning signs.