"BITCOIN MIGHT BE A SCAM."

Bitcoin itself isn't a scam, but there are many scams involving Bitcoin and other cryptocurrencies . These scams can be pretty sophisticated, so it's essential to know how to protect yourself.

Common Bitcoin Scams:

Phishing Scams: Scammers send fake emails or messages that look like they're from your bank or crypto exchange, trying to get you to reveal your account details .

Fake Exchanges and Wallets: Bogus exchanges and wallets that steal your money or personal info .

Old-School Scams: Classic tricks like fake IRS calls or "Nigerian prince" scams, now targeting crypto users .

Fraudulent ICOs: Scammers create fake Initial Coin Offerings (ICOs) to steal money from unsuspecting investors .

Bitcoin Blackmail Scams: Scammers claim to have compromising info and demand Bitcoin payments .