How to spot a crypto scam: 10 warning signs

Scammers follow the same scripts again and again. Learn the signs and you can stop most of them before they cost you anything.

Ten warning signs

1. Guaranteed profits. Real markets never guarantee returns.
2. Pressure to act now. "Only 10 minutes left" is designed to stop you thinking.
3. Someone asks for your password, 2FA code or recovery phrase. No genuine company ever needs these.
4. "Support" contacts you first on WhatsApp, Telegram or Instagram.
5. You must pay a fee to withdraw your "profits". This is the classic investment scam ending.
6. A stranger online wants to teach you trading and moves you to a private platform.
7. Payment proof by screenshot instead of money in your bank.
8. A website address that is almost right, such as an extra letter or a different ending.
9. Giveaways that ask you to send coins first to receive double back.
10. Romance that turns into investment talk.

How Velxen helps

• P2P escrow locks the seller's coins before anyone pays.
• Withdrawals can require your 2FA code.
• Our team never asks for your password or codes, and support only happens through our contact page or the official Velxen app and website.

Always type velxen.com yourself or use the official app. If in doubt, stop and ask us first.

This article is for education only and is not financial advice. Crypto prices can rise and fall sharply; only trade with money you can afford to lose.