Do verify the registration and disciplinary history of any broker, adviser, or trading platform with the CFTC, NFA, SEC, FINRA or the appropriate state regulator before doing business with them. While registration alone cannot protect you from fraud, most frauds involve unregistered individuals, entities, or products.
Stay current on the latest frauds and schemes by monitoring credible sources such as state and federal government or law enforcement agencies, including the CFTC, SEC, Department of Justice, FTC, the Consumer Financial Protection Bureau, FINRA, National Futures Association (NFA), your state securities regulator, or attorney general’s office.
Get a second opinion from a trusted adviser, family member, or friend before making an investment. Seeking advice from someone you know and trust is good way to slow down a sales pitch and avoid fraud.
Let unknown callers go to voicemail or have a refusal script ready to end cold calls quickly. “I don’t participate in phone solicitations,” then hanging up, works just fine.
Delete—don’t open—unsolicited email. Often, opening an email will signal a spammer that the email account is active and more spam will follow.
Verify business addresses by doing an online map search and looking at the location using the street-level view. Many fraudulent websites will use fake addresses, which can be easily spotted with a virtual visit.
Review privacy settings on social media platforms and conceal or delete information that pinpoints where you live, where you went to college, what you do for a living, where you trade or bank, how often you invest, etc. Personal information can easily be pieced together by fraudsters and used to target you for future schemes.
Check email addresses carefully to avoid phishing attacks.
Learn about the common persuasion tactics fraudsters use.
Don’t respond to unsolicited sales calls or email.
Don’t give credit card, payment information, or personal information over the phone, in an email, or to a website that is sent as a link in an email. Fraudsters often pose as financial service professionals or government officials. Instead, end the call or close the correspondence, and look up the customer service contact information on your own.
Don’t fund trades or investments by wiring money, sending prepaid credit or gift cards, using digital assets such as Bitcoin, or making other unusual forms of payment.
Don’t communicate using encrypted messaging apps with “brokers” or others promising to make you money. These apps provide global access and hide the true location of the person on the other end. You could easily be dealing with an offshore fraudster posing as a person in the United States.
Don’t trade or invest in vehicles you don’t fully understand. If you can’t explain it, you probably shouldn’t invest your money in it.
Don’t engage with people promoting investments or trading schemes on social media. Especially don’t engage with people who promise they are “legit” even though all the others are scams.
Don’t trade or invest with unregistered entities or individuals that operate outside the United States.
Don’t engage with people you are introduced to through third parties or organizations. Affinity fraud targets people through social groups and use those connections to build credibility. Places of worship, professional organizations, service organizations, and others are common targets for affinity fraudsters.
Bitcoin is generally considered to be one of the safest cryptocurrencies, yet things happen, and then there are scammers who target cryptocurrencies. No one is safe, including the top traders too. Even top and skilled traders got conned, scammed, and lost their precious earnings. Although there has been very little information about scammers and the processes, the recovery options are not completely alien. Let’s learn and discover the best options available to recover lost or scammed bitcoins. Let us also see how to avoid going through painful situations again.
It is not an exaggeration to say that until recently, the probability of retrieving scammed bitcoins is slim. Gratefully, these guaranteed methods of recovering scammed bitcoins are lifesavers. In this article, let us go through these best ways to get back your hard-earned bitcoins after losing them to scamsters.
Besides being repeatedly warned by experts and top traders, beginners and other people are still committing the same mistakes. If you are someone who has lost their funds and if the question is how to recover lost funds and avoid such situations, this article answers all your questions. Besides the above-mentioned steps, you can also utilize bitcoin recovery tools to retrieve your scammed wealth. Don’t waste your precious time brainstorming about the process and scams involved. Take actions right away and make use of the information in a wise manner to become one of the examples of the victim stories.
As scams involving cryptocurrency and bitcoins have become more common, the information regarding the recovery methods and ways to avoid falling victims to such scams is an essential thing first to educate and empower yourself and avoid falling victim to such scams. If you got scammed with your bitcoins, there is still hope through the ways mentioned above.