Best binary option brokers australia map

Best binary option brokers australia map

Our guide to how to spot bitcoin scams and stay safe when trading and using cryptocurrency. But with a little bit of know-how and some best binary option brokers australia map old-fashioned common sense, you can do plenty to protect yourself against cryptocurrency scams. Keep reading for the lowdown on the most common bitcoin scams and how to avoid them. Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering.

It is not a recommendation to trade. Use this checklist to help sort legitimate providers from those platforms you’re better off avoiding altogether. This indicates that a website is secure. If so, it could be a fake. Does the site feature bad grammar, awkward phrasing or spelling mistakes?

If it does, this doesn’t necessarily indicate a scam, but it does mean you should proceed with caution. Does the website promise abnormally high returns? For example, does it claim you’ll be able to double your investment? This should raise a big red flag and is a common indicator of a scam. Does it show the real people behind the company? Does it provide any details about where the company is registered? If there’s little or no information about who the company is and what it does, you could be dealing with a scam.

Do legitimate, reputable websites link to this site? This could indicate that the site is trusted and respected. What do other users say about the website? Are there any negative reviews and, if so, what do they say? The crypto community is usually pretty quick to spread the word about scams.

Who is the registered owner of a domain or website? Is the owner hidden behind private registration? Has the domain been registered for less than six months? You can find this information by searching for the platform’s URL registration details on a site like WHOis. Is there anything else about the website that raises red flags or just seems too good to be true?

If there’s something that just doesn’t seem right, trust your gut. Please note that this checklist is far from foolproof, as it’s possible for a website to pass several of the above tests with flying colours and still be a scam. The important thing to remember is to do your due diligence before providing any personal or financial information to any website or app. This email contains a link which will take you to a site that looks almost identical to the exchange or wallet you usually use, but is actually a scam site.

Once you enter your account details on this unofficial page, the scammers have everything they need to log in to your real account and steal your funds. They might walk and talk like a reputable exchange, but they’re merely a front to separate consumers from their hard-earned cash. Some will entice users with promotional offers that sound too good to be true. But once they have your money, these platforms might charge ridiculously high fees, make it very difficult to withdraw funds or simply steal your deposit altogether. Other scammers have turned their attention to creating quite sophisticated fake wallet apps which, once downloaded to a user’s smartphone, can be used to steal critical account details.

These apps have even made it into official, legitimate app stores like Google Play, so it pays to do your research before downloading anything to your phone. BitKRXIn December 2017, the bitcoin community and South Korean authorities exposed a fake exchange known as BitKRX. By posing as a legitimate exchange and passing itself off as a branch of KRX, a large and reputable trading platform, it was able to ensnare innocent users. See our vetted list of legitimate cryptocurrency exchanges. Are there reliable reviews from other users confirming its legitimacy? 5,500 times before they were removed from the store.

These apps asked Poloniex users to enter their account credentials, thereby giving fraudsters a way to perform transactions on behalf of users and even lock victims out of their own accounts. The classic example of this is an unsolicited phone call or email from someone claiming to be with the CRA. This fictional tax man will try to convince you that you owe the CRA money and you’ll be facing legal action if you don’t transfer them a certain amount of bitcoin as soon as possible. So if you’re ever contacted out of the blue by someone overseas promising you a share in a large sum of digital currency if you help them transfer funds out of their own country, use your common sense and recognize it for the scam it is. And if you want to get in on the ground floor, the easiest option for the average person is to buy coins or tokens in an ICO. Fan was meant to be a social media platform for celebrities and Pincoin promised 40 per cent monthly returns to investors.