You’ve probably wondered, “How does this Twitter crypto scam work?”
What Is a Crypto Twitter Scam?
Numerouscryptocurrency scams are floating around on Twitter.
A few common Twitter crypto scams include:
Other cryptocurrency scams exist on Twitter, no doubt.
How Does a Crypto Twitter Scam Work?
If these scams are so well known, how do the scammers pull them off?
The following details how the crypto giveaway scam works in full.
In this case, would you believe it?
I’ve lucked out and won 0.51 BTC, which is around $10,000 at writing.
Once redeemed, the exchange will deposit the stipulated amount straight into your account.
After all, who keeps their Bitcoin on an exchange?
First up, this crypto exchange asks you to verify your email address.
Now, this alone should make you realize the exchange you’re dealing with isn’t quite right.
Crypto exchanges will typically process transactions instantaneously, not ask you to wait for an administrator to confirm.
Remember, alwaysuse a reputable crypto exchangeto trade cryptocurrency.
This is a good thing.
It makes it easier to spot the majority of crypto scams that will come your way.
These aren’t the only ways to spot crypto scam accounts on Twitter, but it covers the majority.
Remember, if it seems too good to be true, it probably is.
