How to Avoid the 5 Most Common Crypto Scams (Beginner Guide)

Crypto scams work because people are rushed, excited, or afraid.
The best defense is knowing the red flags.

Here are the 5 scams beginners fall for most:

1) “Support agent” asking for your seed phrase

No real company will ever ask for your 24 words.

If someone asks:

“Can you confirm your recovery phrase?”

It is 100% a scam.
Instantly block.

2) Fake wallet apps or fake websites

Scammers make lookalike websites like:

ledger-wallet-support.org trezor-verify.net

Always double-check URLs:

3) Telegram / Discord “giveaway” multipliers

“If you send 0.1 BTC, we send back 0.2 BTC.”

No exceptions:

If it sounds too good to be true, it is.

4) NFT / token “airdrops” requiring wallet connection

If a random site asks you to connect your wallet, assume it’s a scam.

Only connect to sites you already trust.

5) Fake mobile wallet apps

Always download wallet software from:

  • Official website links
  • Verified app stores
  • Never from ads

The Simple Golden Rule

If someone rushes you, pressures you, or tries to confuse you → stop.

Crypto security is slow and calm.

For safe long-term storage: → Use a hardware wallet
→ See: Best Hardware Wallets 2025