The NFT scams are multiplying! Pay attention.

The NFT scamming is rising up!

With the rise of NFT, NFT scams are another topic worth delving into as scammers are quite active in this area.

Seasoned NFT scammers begin!

It can copy popular NFT websites and marketplaces to trick users into revealing their account information. Fraudsters can create fake merchant accounts or complete fake websites to trick unsuspecting customers into making purchases with cryptocurrency. New cryptocurrency users may be lured to fake websites that advertise great opportunities to invest in cryptocurrencies or mining. Impostor scams can involve impostor websites or personal social media accounts that are primarily trusted sources such as celebrities, economists, famous businessmen, etc. 

Pay attention to fake giveaways.

In cryptocurrency giveaway scams, scammers claim to multiply or match cryptocurrencies sent to them through crafted messages and genuine social media accounts. Crypto giveaway scams almost always come from celebrities or well-known people in the crypto community.

Fake NFT influencer exist?

Another common form of cryptocurrency investment scam involves promising that a cryptocurrency-related celebrity will multiply any cryptocurrency you send to your wallet and send it back. Cryptocurrency scams involve criminals stealing money from people who are actively investing in or making transactions with the new digital currency. In the context of the cryptocurrency industry, phishing attacks target information related to online wallets.

How NFT scams works?

NFT scams work by stealing your cryptocurrency wallet login credentials or tricking you into believing that you have successfully purchased or sold legitimate NFTs. In the NFT space, scammers can create fake attention by buying NFTs from their own collections. Fraudsters can use these fake accounts to convince users of their legitimacy and then provide them with fraudulent NFT images. Fraudulent NFT social media accounts and Discord servers can run fake promotions to trick users into believing they have hit the jackpot. 

False ID on the blockchain.

Fraudsters often use fake NFT customer service websites to obtain sensitive information from unwitting NFT holders. Fraudsters can request personal information to "fix" any problems users have when connecting to one of these fake customer support servers instead of the legitimate ones.

Many links are sent every day.

Romance scammers may even send you links to fake NFT sites or ask you to send them money. Stay away from romantic scammers who are trying to trick you into investing in some NFT projects.

How to avoid NFT scams?

One way to avoid NFT scams is to increase the utility of the project you are investing in in the first place. The best way to avoid falling victim to NFT scams is to become an expert in the field before making any investments.

While NFT scams may become more relevant over time, there are many NFT tips you can use to protect yourself and your NFTs. Here are some simple steps you can take to avoid being scammed in the world of cryptocurrencies. If you are an investor, especially a new one, in cryptocurrencies, here are some scams and lessons you need to learn to reduce your chances of being scammed.

Bitcoin investors can increase their chances of success by identifying common scams such as Ponzi schemes, fake ICOs, and fraudulent exchanges. There are several ways that scammers can separate investors from their bitcoins with ICO scams. As Konstantinou explains, there are different types of scams and it is important to know how to identify them in order to avoid them.

Be aware that there are hackers behind your crypto wallets storing your crypto tokens and NFTs, so avoid clicking on any links as they may also lead to fraudulent trading sites.

Other types of scams :

Fraudsters use many different scams, including fake NFT stores, various types of fakes, fake offers, and insider trading. Non-Fungible Tokens (NFTs) can exist on the Ethereum (ETH) blockchain, so you can only buy and sell NFTs using the ETH cryptocurrency. NFTs use the same technology as cryptocurrencies, but unlike cryptocurrencies, they have no copies and the copyright is held only by the owner of the NFT. NFTs move between markets, becoming a playground for scammers.

NFT website that seam real.

These websites look exactly like popular cryptocurrency exchanges and NFT markets. Fraudsters often set up fake NFT stores by exactly copying popular NFT marketplaces such as OpenSea. Fraudsters are luring people into trading outside of the Klever NFT marketplace.

There are good and bad marketplaces.

Through the Klever NFT marketplace, users can list their unique NFTs, where buyers can find them and offer the courses they want. Again, buying NFTs is different from buying anything else online. Several marketplaces promise much lower gas fees (charge NFT transaction fees) and even claim to rank your NFT on their homepage, but in return require you to link your crypto wallet. Compared to NFTs, there are far fewer scams in cryptocurrency trading, it is recommended to trade rather than buy NFTs because you never know if buying NFTs is a scam.

Not only do we need to be careful when “cryptojacking” and stealing cryptocurrencies, we now need to beware of scammers who want to profit from the NFT craze. DeFi scams are the newest type of scam in the cryptocurrency market. Fake NFT Projects (Mat Scams) Fraudsters often use new NFT projects to trick people into buying fake NFTs or pad scams. Fraudsters often impersonate legitimate NFT exchanges on social media to promote NFT giveaways, also known as giveaway scams.

Find out as much as you can!

Learning as much as possible about NFTs, the technologies that support them, and their security is critical to their success. To check if the NFT website is safe, you can use free tools like Trend Micro.