The cryptocurrency scammer list is a constant reminder of the dangers associated with the digital currency. Even though the industry has grown in popularity, many of the most common schemes are still being used to defraud cryptocurrency investors. These new schemes are so blatant that 2020 scams may look like child’s play. Here’s a quick list of the worst. Read on for ways to protect yourself from these new scams.

One of the most common types of cryptocurrency scams is the phishing scam. In this scam, a user receives an unsolicited email from a bank, a cryptocurrency exchange, or wallet provider. The email contains a link to a fake website that looks identical to the real site. In these scams, the user enters their account details and is asked to verify them. The scammers will then use these details to steal funds.

Social engineering scams are the most common type of scams involving cryptocurrency. These attempts to trick consumers into sending money or signing up with fake exchanges are called “phishing” and are almost always fraudulent. The most common form of crypto scam is the unsolicited call from the IRS. Usually, this bogus email will pose as a tech support representative or a trusted connection. The scammer will try to convince the victim that he or she owes money and threaten legal action if they don’t.