With the change in technologies and advancements, things get easier than before. No matter what people are ready to scam you in many ways and technology makes it easier for them too. In recent days we have heard about many pyramid Scams that are concluded in the name of online earnings and better returns. People are complaining and contacting us seeking help that they lost money on a different platform. We have brought some processes and a list of sites that are used to scam people showing Online.
Here are the main things that scammers do while scam In The Form Of Crypto Using Binance & Telegram. They are scam not a way of online earnings so Be aware from these scammers and getting scamed.
Promise you High return you cant ignore
Well all the people who lost their money in these platform are because of their greed to earn more in short term. I am not saying you can not earn money in short period, you can do so learning some game changing skills like trading, starting something innovative. Well you know what, these things also takes time. Earning easy money is not everyone’s cup of tea.
Now one who scam you might earn money in short period of time. So the promise of more returns sounds music to ear but it is extremely dangerous too for your life savings. Ignore if someone txt you you can earn more than 1% to 100% or more return in a day more than 300% a year, invest in this then- Don't Do That.
They Make you belief that they are genuine corporations
There was one platform, I remember claiming to be registered in US and uploaded their fake registration certificates. Now innocent people get trapped with this kind of things which result in their money loss. There are ways you can check the corporation is registered or not.
Fancy Website Use Realtime Statistics API and Fancy Name
The website they make is generally make you feel legitimate sites. Some Realtime currency updates using API on their website feel fancy and realistic for the people. They claim that full system is automatic however, Except deposit everything trigger manual. Coin like Bitcoin and other majors coin graph can be seen there. Note the API they use are freely available on the internet.
Name are such you get realistic overview about the site, which is not, the interface look really nice on these websites. There are various names that i got in my mail, i will not reveal these websites. The overall process of all these scams are same.
You can check these sites Domain Age if they promise their establishment for long time, check their backlink weather from high domain authority and genuine sites or not. You can check lot of details using internet.
Uses refer and Reward System
This is where you must think if it is genuine, why they have referral system and no direct enrollment. They can not advertise themselves because of legal issue so, they use networking system. Multilevel reward system makes you feel you are superior if you refer. However that is not the case, if you refer you are at greater risk of you get trapped.
These referral system are the basics characteristics of punji or pyramid scam.
Use Binance and Telegram
We all know telegram is the platform where you can hide and customize lot of things. WhatsApp and other media doesn’t work in many countries. Telegram is the place you can hide your everything and this is the best platform for doing wrong activities.
Binance on other hand helps them to collect funds. Actually the deposit address on their website is someone personal deposit address. They can use Network like TRON (TRC 20) or TRX or any but you must know that is someone personal deposit address. It's not like you are depositing on some platform. Binance P2P trade is very much hard to trace by any country who banned crypto.
Target Country and People
Scammers always target broke or greedy people and the country they focused generally are broke or not doing economically well or the country who have not approved crypto yet. This is because if you indulged yourself in such activity and got scammed you don’t have any choice. It is easy target for them.
They perform these activities on telegram using fake name and description.
Note:- If you indulge yourself in these website there is ways in which you unconsciously involve in yourself gambling. You might win some but the chance of losses is 99.99999%.
Countries like:- India, Bangladesh, Srilanka, Pakistan, Indonesia, Ghana, Afghanistan, Kenya, Nepal, Spain, Nigeria, Mexico, etc. are main target for the scammers.
Two ways of scam generally adopted by these scammers
- They ask you to invest and you will get high return every day. After some days you know what happen, they stop giving return.
- They give you prediction on their website, which itself in their control. They give you call are profitable which they call prediction/signals later they give you call that will not work.
Whatever the case may be, you are getting scammed you must know.
Conclusion on Online Scam using Crypto
After reading above you must have an overview of how people use to scam you using telegram and binance. So do not get in these traps of getting high and unexpected return using these shortcuts. These will ultimately lost your money.
If you have any idea do not forget to share in the comments section below. You can also contact binance and inform them about the scams.