Scammers may lure investors in with promises of a great cryptocurrency exchange — maybe even some additional bitcoin. But in reality, there is no exchange and the investor does not know it’s fake until after they lose their deposit.
Stick to known crypto exchange markets — such as Coinbase, Crypto.com and Cash App — to avoid an unfamiliar exchange. Do some research and check industry sites for details about the exchange’s reputation and legitimacy before entering any personal information.
