Crypto cons: How to Recognise Crypto and Bitcoin Scams

Bitcoin is now a recognised hold of value, and more and more big companies are investing and allowing customers to purchase commodities using Bitcoin.

The Bitcoin network is protected against fraud via a ‘trustless system’; Bitcoin transactions also work to shield themselves against potential theft, however, a few high-profile thefts have occurred.

The scams were the doings of a few ‘creative people’ who recognised that the hype of Bitcoin made them susceptible to investment desperation.

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