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Got Scammed on a Cryptocurrency Website – How to be Vigilant of Scam Service Providers

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Cryptocurrency tends to be complicated and confusing, especially for those who are new to online trading and are lightly regulated. All of this encourages online scammers to consider these users as an ideal target to scam. Having little bit know-how and some common sense, however, can help you do a lot to protect yourself against cryptocurrency cons.

If you are not sure whether or not a particular cryptocurrency website is a scam, bear these factors in mind. They will help you sort legitimate providers out of those online trading platforms you should avoid altogether.

Check URLs 

When it comes to choosing a cryptocurrency website to initiate trading, buying, or mining the digital currency, be sure about its URLs is a must. URLs with noticeable spelling mistakes are usually fake. Secured websites need to connect securely over https. Accordingly, a website address starting with “HTTP” shows that it is not a secured one, and therefore, it does not protect your data as well. Likewise, a secure website needs to have the word “Secure” or a picture of a padlock in the address bar of a web browser.

Language errors

Cryptocurrency websites with several language errors are usually indications of fake or scam sites. These sites may feature awkward phrasing, incorrect grammar, and spelling errors. According to some experts, websites with awkward phrasing or misspelled words do not necessarily indicate fraud, but they still need you to proceed with caution.

High Return Promise

Does the cryptocurrency website you are visiting promises some abnormally high returns? Does it, for example, say that you can double your investment by using their platforms? If so, you are experiencing a sigh of a scam. Make sure you do not provide them any information about you and immediately leave that site.

Information

Trusted and legitimate crypto websites will have an ‘About Us’ page, details about the registration of the company, and the real people who are behind the cryptocurrency platform. If the website you visit has little or no information about the company and its business, it may mean you are dealing with a fraud website.

Reviews 

It is compulsory to find out the reviews of the particular cryptocurrency company you are willing to use for trading, buying, or mining the digital coins. Look for what other users say about it and if the website faces any negative comments or reviews. If so, see what those comments are saying. Luckily, the crypto community is smart and quick enough to spread the word about possible scams. Another sign of a trusted and legitimate crypto website has links to reputable websites. Visit money-bank.com to find out more about it.

Registered Domain

Checking the registration information of a website or a domain can aid in deciding about its trustworthiness and legitimacy. Websites like WHOis.net are handy in finding the information about the registration of the site. There, you would be able to know about the registered owner of the website, the date of the registration, and whether or not the domain’s owner has a private registration. The more you know about a cryptocurrency website, the more you would be able to play securely.

Celebrity Endorsements

Several online investment scams claim that their websites have celebrity endorsements. They do it to attract people towards their favorite celebrities and have blind trust due to the so-called celebrity endorsement. Make sure you avoid visiting these websites or become a victim of their tricks.

Fishy Signs 

Did you know about the website on social media? Did they approach you first through your social media accounts or messengers? Reaching new victims through unsolicited messages and social media accounts are some of the most frequently used ways for scammers. Sometimes, a website has something raising red flags or seeming too good to be true. If you feel there is something fishy, trust what you sense.

The above checks may not be foolproof because it is still possible for a website to have many of the above requirements and continue to be a scam. Make sure to do your due diligence before you provide any personal or professional data to any cryptocurrency website or application.

Steps after You Got Scammed on a Cryptocurrency Website

Generally, it is vital to identify your chances of getting your money back from a scam. When you send money out of the country under any cryptocurrency transaction, there is the slightest or no likelihood of recover it. Money-Back says that while all international scams have very slim chances of getting money back, cryptocurrency is harder to recover.

After you have spotted a scam, make sure to report it to the Federal Trade Commission. The other thing you can do is to report specific types of cons to the relevant bureaus and organizations, helping them spread the word faster and to a greater extend.

In this regard, you can contact the Internet Crime Complaint Center or IC3 to report internet crime, including scam cryptocurrency websites, email blackmailing attempts, and vice versa. You should also consult eConsumer to report global online scams. This website works as a worldwide partnership of consumer protection agencies, where you can report fraudulent crypto websites, fake giveaways, romance scams, Nigerian princes, and similar.

Make sure to report any scams as to cryptocurrency on social media via the ‘report’ button on the most social media websites. You can also spread the word by sharing your experience with other social media users to help them prevent from falling for a scam. In addition to the above, some other tips can aid you to protect yourself and your hard-earned money against online frauds, including fake cryptocurrency websites.

Use a cold wallet to participate and make sure to double-check the recipients’ addresses. Do not try new websites unless they are reputable and have reliable user reviews on the internet. It is always a safe-play to stick to reputable and established cryptocurrency service providers and platforms. Make sure to use 2-factor authentication for whatever transaction and communication you carry out. Lastly, never risk your private key by sharing them with any other user.

 

 

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DIFX Says Hola Mzansi by Joining Hands with Digital Banking Platform eZaga to Launch DoshFX

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Fully secured centralized exchange, DIFX has officially partnered with eZaga, South Africa’s premier digital banking platform, to set up a new regional crypto platform, DoshFX.

Digital Financial Exchange known as DIFX is an EU-regulated CEX, disrupting the financial industry by bridging digital and traditional assets. With DIFX, users can create diverse portfolios in various asset classes like indices, forex, CFDs, commodities, futures, and cryptocurrencies all while having access to a fully secured wallet. In a mission to expand its services and accelerate blockchain adoption through the African continent, DIFX has officially partnered with the South African digital banking platform eZaga.

Founded in 2014, eZaga has been a pioneer in providing financial solutions to the underbanked & informal sector with innovative tools and services that enable people to transform the way they manage finance through the use of mobile technology. Over the past 2 years alone, the African continent has become a well-developed crypto market that has seen deep penetration and integration of cryptocurrency into everyday financial activities for many users. In fact, the Chainalysis report for June 2022 showed that Sub-Saharan Africa was the overall leader in retail crypto transfers, accounting for 80.1% of the global regional transactions.

Therefore, to service this growing industry, both DIFX & eZaga have joined hands to create a new financial platform catered explicitly to the African continent called DoshFX.

DoshFX will serve as an exclusive multi-asset trading platform for users from the African continent and help increase the rate of adoption found in the region. A key mission of DoshFX is to improve financial services around the continent with blockchain technology, cryptocurrencies, and traditional assets. The new platform will be utilizing both parent entities’ crypto and banking solutions to reach a wide audience of crypto enthusiasts and traders alike. Furthermore, the unique partnership allows all eZaga users to open an account on DoshFX without any additional KYC requirements and have access to a secure custodian wallet.

Regarding the partnership, DIFX CEO & Co-Founder Jeetu Kataria stated “Our primary mission as DIFX is to provide a robust trading platform for our global users so that we can increase the acceptance and adoption of blockchain and digital assets in a secure and transparent manner. We want to foster a world where payments and financial management are done with the ease of your fingertips. For us, the creation of DoshFX is an extension of the DIFX mission of forging a blockchain future along with our commitment as a member of the digital space to take part in helping the industry with its adoption and bring financial inclusion to all people, especially the unbanked majority, through various digital assets.”

Saud Ally, CEO & Founder of eZaga added “The creation of DoshFX is a needed service for the African continent, as the growth of adoption in the region is unbelievable. With this new venture, we want to expand eZaga’s banking capabilities and give our existing users a platform to leverage blockchain and digital assets.” Ally further stated that “DoshFX and eZaga are working together with DIFX to create a new infrastructure that will make money move instantly, identify users, and allow them to connect to bank accounts and credit cards.” Both the respective founders also shared their mutual passion for investing in South Africa’s innovation layer and developing DoshFX to act as a foundation for all future developments and blockchain scalability within the continent.

About DoshFX

DoshFX is a premier African centralized exchange created through a partnership between a fully secured cross-asset trading platform & African digital banking platform to provide users within the region a safe and secure way to trade cryptocurrencies like BTC, ETH, USDT, and much more.

DoshFX is powered by eZaga Capital bearing license number FSP license no. 44133, Auth FSP.  Limits, terms, and conditions apply.

To learn more about the services and features of DoshFX, visit doshfx.io

About DIFX

Digital Financial Exchange (DIFX) is a centralized cross-asset crypto exchange that allows users to trade between multiple asset classes that include indices, forex, crypto, metals, and commodities, just to name a few. The DIFX fully insured crypto wallet comes from a partnership with Fireblocks, one of the leading crypto custodians in the world.

DIFX was presented with the “Most Trusted Cross-Asset Trading Platform — 2022” by the Crypto Expo Dubai and the “Best New Trading Platform Award” at the E-Business Awards 2021 by Entrepreneur Middle East and the Forex Expo 2021.

To begin your journey with Endless Possibilities, download the app now from the iOS or Google Play Store, or visit us at difx.com.

About eZaga

eZaga is a South African digital banking platform and authorized financial services provider that enables African users to open a bank account via their mobile phones in less than two minutes. It leverages mobile technology like USSD and a mobile app, existing banking infrastructure like ATMs, and a low-fee structure to empower unbanked people and organizations to achieve more.

To learn more about eZaga visit https://www.ezaga.co.za/ or download the app now on iOS or Google Play Store.

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The world’s largest online general merchandiser DollarStore, will start accepting Oduwacoin in their online U.S flagship Store

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The world’s largest online general merchandiser DollarStore, will start accepting Oduwacoin in their online U.S flagship Store.

“The official cryptocurrency of the  Dollarstore.”

An incredible milestone for the Oduwa community; The world’s largest online general merchandiser, DollarStore, will begin accepting oduwacoin in their online U.S flagship stores.

A new partnership between ODUWA and DollarStore is set to change the way we shop. The two companies have come together to create a unique shopping experience that will offer customers the best of both worlds.

“Cryptocurrencies should be spent like money and not sold.” -Nana Obudadzie Oduwa I 

Why this partnership is beneficial for both companies

ODUWA is known for allowing people transfer digital cash to any one they want without

any territorial restrictions. The Oduwa network is built to deliver higher performance, efficiency, and enable quick transactions at lower costs., while DollarStore offers an extensive range of items at rock-bottom prices. The new partnership will allow customers to enjoy the benefits of both companies.

The two companies have already started working on a new joint venture, which is set to launch in the near future. This will be a one-of-a-kind shopping experience that will offer the best of both worlds.

The first 1,000 in the community to respond to the email Dollarstore@oduwablock.io  with the subject ” Send Me Coupon”  will receive a discount  off coupons when we launch. 

About Oduwa Coin

Oduwacoin, connecting crypto to the essential things we need to live. Oduwacoin is an alternative digital currency to paper money backed by the trustless blockchain technology Network. It eliminates human interference, counterfeiting, double spending, and excessive printing like government-issued money. It serves as a medium of exchange, store of value, and proof of ownership.

Unlike centralized fiat money, Oduwacoin is a decentralized open-source blockchain-based monetary system. It uses peer-to-peer technology to settle all transactions within its network. Individual coin ownership records are stored in a transparent ledger using cryptography. Oduwacoin is governed on its native Blockchain to secure transaction records, control the creation of additional coins, and verify the transfer of coin ownership.

For more information about oduwacoin, visit 

www.oduwacoin.io

Be the first to reply and save. Dollarstore@oduwablock.io

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Voltichange Ready to Enhance the Volt Inu Universe

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Volt Inu’s team recently announced that it is about to release its anticipated decentralized exchange. Voltichange should come later in November, but the team’s Twitter page hinted at the possibility of an anticipated release that could happen any day within the next 3 weeks.

This new tool will serve as a bridge between any DeFi project and the VOLT ecosystem. The team wants to help existing projects by adding to them the power of VOLT’s deflationary mechanisms.

Getting Ready for the Voltichange Arrival

VOLT’s community is eagerly waiting for Voltichange’s release. The team behind the project has been working hard to complete the development and testing of the platform. As they recently announced, this platform will automatically list every erc20 and bep20 tokens at launch meaning that the majority of the crypto industry will be directly concerned by the burns this platform will offer.

Meanwhile, the community is also looking forward to upcoming news about VOLT’s new partnerships, integrations, and sponsorships as well as several Tier 1 listings that seem to become more than a rumor by the day.

This is not the first time VOLT has created hype around its project. The team succeeded in delivering on its promises before, creating interest within the crypto community.

With Voltichange’s release, the VOLT universe will become more accessible, more attractive and even more deflationary since the volume generated by their upcoming exchange will generate revenues automatically used to buyback & burn the native token VOLT. The team has no doubts: this operation should lead to more adoption of the token.

History never lies

Volt Inu’s team knows the importance of a solid and engaged community. The members often give feedback and suggestions that help to improve the project.

This feedback is essential to make VOLT a success story. The team is always looking for new ways to increase its engagement with the community and grow its community.

Apart from the feedback and excitement of their community, the media and the crypto space often tended to compare VOLT to SHIBA since its early days due to their countless similarities. 

With the recent updates shared by the team, it seems that VOLT is once again on the verge of following SHIBA’s path, with hints pointing towards a series of listings on major Tier 1 exchanges, while releasing a groundbreaking DeFi product at the same time. The impact that such news had on its forerunner SHIBA can of course not be forgotten. 

About Volt Inu

Volt Inu is a digital asset investment initiative that offers its investors a diversified portfolio of assets. The project aims to help people take advantage of the growing digital economy. The project focuses on four main asset classes: NFTs, nodes, altcoins, and stablecoins.

The $VOLT token is at the center of the Volt Inu ecosystem. The token is hyper-deflationary, offering investors a solid foundation on which to grow their investments. A portion of profits from treasury investments serves to buy back and burn $VOLT tokens. This operation aims to further increase the value of the remaining tokens.

The Voltichange announcement is game-changing news for the VOLT ecosystem. The release of this new platform will make it easier for investors to participate in the growing DeFi sector. With Voltichange, VOLT’s hyper-deflationary tokenomics will become even more powerful. The team expects the move to make VOLT an attractive investment for both experienced and new investors.

Volt Inu’s website and the social media pages below feature more details about this rapidly growing project.

Twitter | Telegram | YouTube

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