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

Team Bitcoin Daily

Published

4 years ago

on

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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Memecoin Madness: Eddie Seal Team Insults Investors and Returns Money from Presale

Crypto Chain Wire

Published

2 days ago

on

May 17, 2024

By

Two weeks ago, the Eddie Seal memecoin project ($EDSE) began raising funds for development through a presale event. On Wednesday, a controversial post appeared on the project’s Twitter, where the team labeled the presale investors as ‘morons’.

“You morons. You invest in a presale of a new memecoin and then cry when someone runs off with the money. Get a grip and be careful because 99% of presales are scams. We have returned all the payments to the wallets from which they were sent. Eddie will proceed without a presale!” reads the tweet from Eddie Seal profile.

This incident is quite unusual, given market norms. Memecoins are not financial instruments, hence funds raised through presales are not regulated in any way. It is unprecedented for a project team to refund all investments made by individuals.

The refund might have been an attempt by the Eddie Seal team to build credibility within the crypto community, especially as Eddie Seal has announced six marketing rounds aimed at reaching a $1 billion marketcap. The campaign will culminate in an Eddie Seal cartoon, in the style of Rick and Morty or Family Guy. The six marketing rounds include sponsoring a Formula 1 team, a Harry Styles (or another top tier star) concert at Wembley with tickets for $1EDSE, a ‘spending money competition’ with 10,000 credit cards linked to one account, and a $3 million donation to MrBeast for spending in one of his videos.

It was also announced that the team plans to distribute part of the $EDSE tokens to the community gathered around the project in the form of an AirDrop. Sign-ups are expected to start soon.

The price of the $EDSE token in the coming days will reveal how the market has reacted. The token contract address for price tracking is available at eddieseal.org or listed here: 2Zvo6bnwJtyXhsPgbcfajTrEtB7NwrJhK8mMmtEXvHHc

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WEMADE and WEMIX Win “Best Web3 Gaming” at MENA Games Industry Awards 2024

Crypto Chain Wire

Published

2 weeks ago

on

May 8, 2024

By

WEMADE and WEMIX were honored with the prestigious “BEST WEB3 GAMING ” award at the MENA Games Industry Awards 2024. The awards celebrate the best of the region’s thriving gaming sector, and as the sole web3-focused award, the “BEST WEB3 GAMING” category spotlights companies championing the integration of web3 technologies into gaming.

“We are honored to receive this prestigious award. It validates Wemade’s commitment to fostering growth and collaboration within the global web3 gaming landscape,” Wemade said in a statement. “This award motivates us to continue empowering developers and driving innovation in game design & development.

Wemade would like to congratulate all of the finalists and winners at this year’s MENA Games Industry Awards. Their dedication and passion for innovation are shaping the future of gaming.

About Wemade

Wemade is at the forefront of the next wave of Web3 game developers that are innovating with blockchain technology. Based on the WEMIX3.0 mainnet, the WEMIX PLAY blockchain game platform is the world’s biggest with millions of users and a wide range of game genres from card, puzzle, simulation and strategy games; to first-person shooters, battle royale, MOBA, MMORPG, SNG, sports games and more. Visit www.wemix.com/communication for more information. 

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Metarise: Unveiling the Future of Metaverse Interaction on M20Chain

Crypto Chain Wire

Published

2 weeks ago

on

May 3, 2024

By

Metarise is forging new paths in the metaverse landscape, building an immersive digital universe that blends high-quality, low-poly graphics with the robust capabilities of the M20 Chain blockchain, all powered by Unreal Engine. This innovative platform merges reality with virtual spaces to create an interactive environment where users can live, work, and play.

Vibrant Digital Ecosystems: Cityland and Funland 

At the heart of Metarise lies Cityland, the bustling urban core that serves as the central hub for commerce, art, and social interaction. With its vibrant streets lined with shops, showrooms, galleries, and more, Cityland is where creativity meets community. Not far from the urban excitement is Funland, a sanctuary of joy and entertainment, offering a retreat where users can engage in games, sports, and various leisure activities. Both these areas are anchored by the iconic Metarise Tower, a towering structure that stands as a testament to the possibilities of virtual architecture and the central node from which all activity in Metarise radiates.

The Role of Riser Token in Metarise 

The pulse of this digital universe is the Riser Token ($RIS), a metaverse utility token that facilitates not only commerce but also enables a variety of interactions and transactions within the Metarise ecosystem. From purchasing virtual land to trading goods and accessing exclusive services, the Riser Token is essential for navigating and leveraging the full potential of Metarise.

Empowering Users and Businesses 

Metarise is more than just a virtual space; it is a versatile platform designed to accommodate the diverse needs of individuals and businesses alike. Users can escape the monotony of traditional digital interactions and immerse themselves in a vibrant 3D environment that offers an enriched form of social connectivity. For businesses, Metarise provides a range of tools and spaces for virtual offices, allowing companies to maintain operations, host conferences, and interact with clients without geographical constraints.

Innovative Real Estate and Investment Opportunities 

One of the standout features of Metarise is its approach to virtual real estate. Through its Initial Land Offering (ILO), users have the opportunity to invest in virtual land, represented as unique NFTs on the M20 blockchain. This allows for the development of personalized real estate projects, from digital offices and private properties to commercial spaces, which can be further monetized through rentals or providing specialized services.

MetaRise is excited to announce the opening of our Initial Land Offering (ILO), a unique opportunity for early adopters to participate in the early stages of our expansive metaverse. This early phase of development offers potential for growth as the platform evolves, though it’s important to remember that all investments carry inherent risks and returns are not guaranteed. As you consider joining us in shaping the future of MetaRise, we encourage you to make informed decisions.

A Hub for Brands and Creators 

Metarise serves as a dynamic marketing tool for brands looking to enhance their identity and user engagement through immersive experiences. It’s a platform where brands can interact with their audience in meaningful ways, leveraging the unique capabilities of virtual reality, augmented reality, and AI to deliver memorable brand experiences.

Conclusion: The Future of Digital Connectivity 

Metarise envisions a world where digital and physical realities converge to create a seamless universe of endless possibilities. It’s not just about creating a space for users to interact; it’s about redefining the essence of community and connectivity. As Metarise continues to expand and evolve, it invites users from all corners of the globe to explore its myriad offerings, engage with its vibrant community, and contribute to the ever-growing expanse of this digital frontier.

Discover Metarise and step into a world where your digital life transcends boundaries, offering new ways to interact, explore, and impact the world around you. Join us on this journey to redefine the future of the metaverse.

Stay connected with us:

Metarise: https://metaarise.com/

Twitter: https://twitter.com/metariseworld

Instagram: https://www.instagram.com/metariseworld

M20 Chain Website: http://www.m20chain.com

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