Crypto scams

1. Get professional advice: talk to a financial advisor before investing. Never take advice from a company that cold called you.
2. Do your research: check out the company website and look for review from others. Keep in mind that some reviews may be fake.
3. Check the FCA list: look at the list of unauthorised businesses. It’s updated often and it shows businesses suspected of fraud. You can find more scam checks on this site, like verifying authorised companies.
4. Secure your assets: use well-known cryptocurrency exchanges and wallets. Enable two-factor authentication to protect your accounts. Never transfer your wallet to someone else.
5. Be careful with unrealistic promises: high returns with little or no risk are often signs of a scam.

Scammers use different ways to try and trick you. Here are the common signs to watch out for:

1. Pressure to act quickly: scammers often create urgency to make you invest fast.
2. Lack of information: legitimate projects provide clear information.
3. Lack of regulation: most crypto investment firms lack FCA authorisation. Be careful investing in unregulated or offshore locations.
4. Fake endorsements: fake testimonials are accompanied by a picture of a well-known celeb to help the investment seem real, always verify celebrity endorsements.
5. Poorly designed websites: professional investments usually have well-designed sites.