What are crypto scams and how to protect yourself

Cryptocurrency trading is a thrilling and remunerative space to be in, but it’s not untouched by scams and frauds either. One does hear of incidents where investor money is siphoned off by fraudsters impersonating as crypto exchanges. Blockchain is a digital ledger, where funds once transferred can’t be retrieved.

Leading cryptocurrency exchanges such as ZebPay go the extra mile to protect their members’ crypto wallets, however, it is also incumbent on users to safeguard themselves against scams.

Here’s a look at the types of scams in the cryptocurrency market and how you can protect yourself: