Home Library Explore SAT

Home Library Explore SAT

Crypto Scams Flashcards | StudBud

Explore/Crypto Scams

What do you think is a major red flag in crytpocurrency investments?

How can you avoid faling for a crypto scam?

Crypto Scams

8 terms·StudBud Administration·26 plays

Imported from external platform

Flashcards8 cardsFPractice quizPHost liveL

Questions 8

Answers

1
How can you avoid faling for a crypto scam?
only invest in projects with flashy websites
do research and check for red flags
send small payments to test legitmacy
follow influencers who promote crypto
2
What do you think is a major red flag in crytpocurrency investments?
government regulations
a long-term investment strategy
guaranteed high returns
3
What are cryptocurrency scams often called?
digital theft
rug pull scams
blockchain fraud
4
What's a common tactic used in fake cryptocurrency giveaways?
giving rewards for answering a survey
asking for a small payment to "unlock" rewards
sending free money with no strings attached
5
Are cryptocurrencies controlled by a government?
only in some countries
no, they are decentralized
yes, always
6
What is a cryptocurrency scam?
a way to mine crypto faster
a scheme to trick people into losing money
a government-approved investment
7
Have some crypto scammers also been scammed?
no, they always win
yes, they have also been scammed
they only scam others
8
Why do scammers use social media for crypto scams?
it's easy to reach a large audience
governments regulate social media
it's a safe place to trade