While the high price of Bitcoin has attracted new users to this cryptocurrency, it has also attracted scammers. While there is a growing number of legitimate sites, it can be difficult to identify them. Here, we will present a list of some of the most common ones. The most common way of getting ripped off is by joining social media groups that offer lucrative opportunities. Often, these scammers will post offers promising attractive returns on your bitcoins. These schemes are a recycled version of classic cons.

Another common scam involves celebrity impersonation. In this type of scheme, you are contacted by a fake celebrity and asked to send them Bitcoin in exchange for something that doesn’t exist. In this case, the fraudster has no evidence and is merely hoping to scare you into sending money. Once you’ve fallen victim to a scam, you should be aware of how to report a Bitcoin scammer. In most cases, these scammers have no proof of their claims, so it’s best to avoid them as much as possible.

In recent years, many companies have started using ICOs to raise money for their blockchain ventures and tokens. However, the risks are not worth the money involved. The price of Bitcoin is rising fast and scammers are likely to continue to try to take your money. You should use common sense when investing in cryptocurrency, such as two-factor authentication and avoiding offers that seem too good to be true. Remember that this industry is not going away, so scammers are likely to be around for some time.