How to Avoid Scams in Crypto? Here are 3 Cruical Tips

The risk of scams is an unfortunate reality that is all around us. As numerous projects gear up to release their announcements, it’s more important than ever to stay alert and informed.

Here are three key strategies, shared by cryptocurrency expert Wale Swoosh, to help you steer clear of potential scams.

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1. No Room for Stealth Mints

The concept of surprise mints might seem appealing, but it’s crucial to understand that reputable projects such as Azuki, DeGods, y00ts, Captainz, among others, do not resort to such tactics. Scammers often create a sense of urgency, urging you to click on random links for instant claims. Remember, legitimate projects will not have surprise mints. Avoid acting on impulse and always verify the authenticity of such claims.

2. The Power of Triple Checking

In the realm of cryptocurrencies, the importance of thorough verification cannot be overstated. Genuine project announcements will be disseminated through multiple channels. For example, if you’re tracking Azuki, expect official announcements from the Azuki account, its founders, their official website, and on Discord. Wale Swoosh, a respected voice in the community, will also share these updates. Always cross-check information from various sources before making any decisions.

3. Harnessing Common Sense

The final strategy is perhaps the most important one – exercising common sense. The projects in question will not resort to fear of missing out (FOMO) tactics or disable comments on their tweets. If something seems off or too good to be true, it’s better to hold off and wait. As the old saying goes, “When in doubt, do nothing.” Avoid making hasty decisions that you might regret later.

In conclusion, navigating the cryptocurrency landscape can be challenging, but with careful planning and a healthy dose of skepticism, you can evade the scams that unfortunately lurk in this space. Stay safe, stay informed, and enjoy your crypto journey!

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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of


Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!

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