What are the biggest red flags of a crypto scam?
asked 20d ago11,403 views1 answers
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What's a short list of universal warning signs?
#red-flags#checklistasked by Mia
1 Answer
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Verified expert answer
Universal red flags, in order of severity:
- Guaranteed returns of any percentage.
- Urgency — limited slots, closing soon, act today.
- A 'mentor', 'guide', or 'manager' introducing you to the platform.
- Inability to withdraw without paying a fee first — taxes, insurance, clearance, anything.
- Off-platform contact — moving from Tinder/Instagram/Twitter to WhatsApp/Telegram.
- Crypto-only deposits with no fiat option.
- Customer support that only responds via chat app, no phone, no registered office, no legal entity.
- No verifiable team or LinkedIn profiles that don't match.
- Cloned-looking website that's actually a typo-squat (binance.app, coinbase.io.tw, etc.).
- Promised 'recovery' from a previous loss — by definition a follow-on scam.
If two or more of these are present, walk away — no matter how convincing the rest looks. Safewire (safewire.eu) maintains an updated prevention checklist worth bookmarking.
EV
Elena Volkov · Romance & Investment Fraud Counseloranswered 20d agoSign in to comment.
