Crypto moves fast and is hard to reverse, which is why scammers like it.
Direct answer
Common crypto scams include fake exchanges and apps, giveaways that ask you to send crypto first, phishing sites that steal wallet keys, rug pulls where developers drop a project and run off with funds, and fake investment platforms. Never share your recovery phrase and double-check every link and address.
Types to know
- Giveaway scams: "send 1, get 2 back".
- Phishing: fake wallet or exchange pages.
- Rug pulls: new tokens abandoned after funds are raised.
- Impersonation: fake support or celebrity endorsements.
- Fake platforms: show fake profits, block withdrawals.
Safety habits
- Use well-known platforms and verify the web address.
- Never share your seed phrase or private keys.
- Turn on two-factor authentication.
- Test with small amounts.
- Ignore unsolicited investment advice.
Where Teyro fits
Teyro's How Scams and Financial Fraud Work course turns this into short lessons you can play in a few minutes a day. It has 50 lessons, and you can start free.
The bottom line
Because transactions are hard to reverse, prevention is your best protection. Crypto is risky. This is general education, not advice.
This is general education, not personal financial advice.
