When you buy cryptocurrency, it is important to understand how to spot the Etherium company scams. The most common scam is the celebrity giveaway. These shady deals pretend to be a live video interview or a conference talk. They will even use the name of a famous person to build a false sense of legitimacy. You should never send cryptocurrency to these accounts, as they are likely to be fake. These types of websites are dangerous, and you should not invest your money there.

Many cryptocurrencies are susceptible to scams, and there are many scams in the Ethereum space. The Ethereum network is decentralized and therefore owned by no one. Scammers take advantage of this fact by impersonating support personnel and sending private messages to their victims offering assistance. The goal is to gain trust and send funds to their victims’ wallets. However, if you’re not sure about how Ethereum works, there are countless ways to be scammed.

Another Etherium company scam occurs when a company pretends to offer support. The scammer pretends to be a support representative, but they aren’t. Instead, they search public channels for support questions and send private messages to their victims. They want to establish trust and then trick the victim into revealing their private keys or sending funds to their wallets. This type of scam can occur on any chat application.