Cryptocurrency has become the latest trend. Along with it comes cryptocurrency scams in various forms. The entire crypto ecosystem is plagued with fraudulence that most people cannot spot until they lose their cryptocurrencies. The crypto scams vary in type and size. While some are pretty simple and obvious, the others are much more complex and difficult to avoid.

The past several years have experienced a  rise in cryptocurrency scams  both in terms of numbers and variations. The crypto scammers come up with different new techniques that innocent people cannot keep up with and fall prey to.

This article will discuss the most popular crypto scams that you need to avoid at all costs.

Various Types of Common Cryptocurrency Scams

There are a host of cryptocurrency scams that you may often encounter. Most of these scams are meant to extract your owned cryptocurrencies in some way or the other. Below are some of the most common variant of cryptocurrency scams:

• Telegram Scams:  Often, various Telegram channels and accounts advertise for cryptocurrency giveaways, airdrops. Some even bear scams using the tech support trick where the users trust having their accounts need fixing as it has some problems. The scammers might ask for cryptocurrencies in order to fix the users’ accounts.
• Impersonation Scams:  Using the technique, the scammer offers the users to help in opening a new account. They obtain the users’ KYC documents tricking them and complete the account verification. With this, they have complete access to the user’s account. Through this, they also clear out the funds from the victim’s account. They do this by swapping the funds with Bitcoin for withdrawal into their accounts.

Apart from these, various other new techniques have evolved to help the scammers continue their purposes, such as investment scams, giveaways,  phishing scams , and employment scams. Most of these take place via social media.

10+ Ways to Protect Yourself From The Cryptocurrency Scams

Here is how you can avoid being prey to the efficient cryptocurrency scammers that find various tricks to get you. We believe that by following these following tips, you can be secured at the maximum level.

• You must avoid sending your cryptocurrency to any unknown external addresses. No crypto exchange ever asks you to send them funds to any external address for the purpose of verifying or fixing your account with them.
• Never send your crypto coins under the fake pretext of verification of address for a “so-called” promised giveaway.
• Never fall for the fake screenshots that come with forged giveaways and offers on social media platforms. Some of them might impersonate as the legit account handles. But, you need to cross-check whether they arrived from the original exchange profiles.
• Various websites do promise unrealistic profits and / or high returns. To avoid scammers causing fraudulence with these pointers, you need to be alert. Check the service or product provider.
• Using the independent sources, you must check if a website or project claims to be affiliated with or even endorsed by a trusted party.
• You need to watch out for the grammatical or spelling errors in the website domain addresses or the communications. If found, it may ensure that it is a fraudulent case.
• You must never share your cryptocurrency account security credentials and logins with anyone. This includes even the crypto platform employees.
• You may find various job listings or giveaways on the  Telegram app . Do not trust them. Instead, go on the official website and verify if they have the same openings and offers. You need to cross further check if the Telegram offer or job posting is legit.
• You must always report the fraudulent account activity or the suspicious activities to your crypto platform’s support.
• Do not straightforwardly invest in new tokens via ICO or the lesser-known crypto coins. It is best if you do your own thorough research.
• In order to safeguard your cryptocurrency accounts, you need to use 2FA or Two Factor Authentication.

These are all the basic steps to keep yourself secured. If the users follow all these steps and never make any  opsec mistake , he or she can be safe and completely dodge the harmful incidents.

The future of the dark web is unpredictable in many ways. But there are growing trends in the aspects of its audience and as well as its functionality. Yet, we have managed to jot down some of the few elements of the dark web that will help us analyze whether the dark web will ever rule the world. But before we start, let’s get a small idea of ​​what the dark web is. This would further help the newbies in understanding.

What Is the Dark Web?

The hidden part of the internet that people usually do not find by searching on the regular browsers and search engines is known as the dark web. To be exact, the deep web and the dark web constitute around 96% of the entire internet, and only 4% is available to the public on a regular basis. The dark web again is a smaller part of the deep web. Generally, it involves various unethical activities such as hitman-for-hire, red rooms, hire-a-hacker, trade of illegal goods, and services. 

Future of The Dark Web:

Although the dark web or the darknet that is accessible via the Tor browser deals with illegal activities, yet people keep visiting it as it offers more security and anonymity. Plus, it lets one access all the websites that are otherwise not possible. We have analyzed certain traits of the dark web and the deep web in the process of evaluating if the dark web will rule the world. 

Here are what we have analyzed to be:

⇨ The Dark Web Will Even Grow To Be More Darker

Since the dark web sites dealing with illicit activities are favored by anonymity and security, the operators are always innovating, and they are always thinking out of the box to sustain themselves in the Tor network. They are getting more and more customer-friendly. Thus, the darknet is predicted to become more mainstream in the future. 

⇨ Each Failure Will Have Double Opportunities

You may ask why so? We can explain this with the help of contemporary hackers. The rate of hackers and hacking incidents have increased mostly in the past few years. This has forced individuals and organizations to improve their security. Each and every exposed dark web flaw will lead a host of protectors to come to the rescue and cover up the leaks. This global cat and mouse chase is likely to increase where we see one or two organizations have already come up with the darknet insurance or insurance on the dark web.

⇨ User Interface Will Be Upgraded

With the change of the user interface (UX / UI), there would be less load time, simplicity throughout, and straightforward navigation that would enhance the usability of the deep web websites or the dark web sites. The searchable qualities will change primarily making the dark web an efficient place. 

⇨ Introduction To More Cryptocurrencies

When cryptocurrencies were introduced, Bitcoin (BTC) was the only one. However, with time, more cryptocurrencies have been added, and we can foresee many more crypto coins would be added. The choice of a payment system would be innumerable, opening vast opportunities to the users. 

⇨ The Darknet Customer Base Will Flourish

With the improvised dark web or the darknet along with the deep web markets and dark web links, the darknet markets will have a considerable customer base and could be over ten times what it is today. Along with this, the private delivery of dark web products will grow exponentially and become more untraceable, secure, and anonymous. 

These are some of the predictions that have come up as a result of the dark web analysis. These factors state that the dark web is sure to rule the world in the future. When the dark web hits the prediction threshold, there will be more improvisations leading it to be at the top.