Bitcoin trading is a wonderful thing. Unfortunately, there are people out there that want to ruin your experience by trying to scam you. It’s best that you keep yourself aware of all the risks so that you can learn how to minimize them. What’s up cryptopeeps? It’s your girl Joana, here to deliver your daily dose of crypto news! Of course, every platform has their own way of avoiding Bitcoin scams. So for today, we’re going to use Paxful as an example! On Paxful, there are different kinds of scammers. Fortunately, there are ways to combat each kind of scammer. There are phishing scammers, coinlockers, and rippers. Phishing scammers try to get you to use non-verified links or they pretend to be a representative of the platform. The main goal of the phishing scammers is to get your personal info. Coinlockers are buyers that don’t pay you which result in your bitcoins being held in escrow. This way, they’ll be able to hold your bitcoin at ransom with the intent of getting money directly from you or obtain some of your personal info. Rippers are vendors that rip the value off of your gift card. They do this by pretending to sell you bitcoin but their main goal is to get you to send your card details to them. Here are some general rules and tips on how to stay safe while trading: Number one: Set a strong password They key to a safe account is setting a strong password. This includes numbers, letters, and even special characters. Just make sure that only you would know what the password would be. You could also write it down on a piece of paper and hide it, well, just in case you forget it. Having a strong password makes it harder for the scammers to get into your account. Number two: Enable 2FA or 2-Factor Authentication 2-Factor Authentication is a good way for you to add an extra layer of security to your account, this makes it harder for people to get into your account without your consent. It is recommended that you use Google Authenticator or Authy for 2FA. Number three: Make sure that you’re using the correct site It is very important that you know that you’re using the official site of the platform. Sometimes, scammers get creative and try to replicate the website link, so always be wary of the sites you’re using. Some will try to pretend to be representatives of the platform and use fake emails in order to trick you into sending them money. So always ALWAYS double and triple check the site that you’re using and the emails that you’re contacting. Number four: Be wary of the behavior of your trade partner If something’s iffy about the way your partner is carrying on with the trade, then there’s probably something wrong. If your trade partner is consistently rushing you to get on with the trade, they’re probably scammers. It’s always good to get a general read of your trade partner to know if he/she is scamming you. If you keep these tips in mind, your general trading experience should be a lot safer. Remember to always be aware and you should be good! Have you ever experienced being scammed before? Are there any tips that you’d like to give to newbies? Let us know in the comments section down below! Don’t forget to like, subscribe, and hit that bell button to stay updated on all our cryptocurrency content. Also, check out our website at wethecryptos.net! Lastly, don’t forget to follow us on Twitter, Facebook, and Instagram. Once again, my name is Joana and this is WeTheCryptos!