What You Need to Know About Crypto Scam Detection
Crypto scams are growing by leaps and bounds. In fact, it’s no exaggeration to say that there are more bitcoin scams than there are legitimate cryptocurrency services. Some people prefer not to own cryptocurrency, but there can be no denying that bitcoin and the blockchain are here to stay.
A better solution is to stay cautious when working with the blockchain. If you do happen to lose money in a bitcoin scam, crypto scam detection is the solution. Before we can understand how crypto scam detection works, we need to first get an idea of how bitcoin scams manage to cheat so many people.
Anatomy of a Crypto Scam
Bitcoin scams are designed only to rob the public. They will go to any length to do this. To attrack users, they have to make their site or page resemble a legitimate and licensed service. They may go so far as to lift content and design directly from other websites.
The typcial bitcoin scam will be aggressive. They have no shame about spamming people on email, text and Whatsapp. They will insist they can provide customers with a huge ROI and charge very low commissions.
However, this often doesn’t turn out to be true. Fees are hidden, they will ask for more deposits or purchases and they don’t let customers withdraw their money. In the case of bitcoin scam brokers, they will hold customer funds hostage and claim that they need to make more trades or pay huge fees to receive their money.
Basically, getting involved with a bitcoin scam is like having the carpet pulled from underneath you. When that happens, you need scam detection services to track down the true identities behind bitcoin scams.
How to Detect a Scam
The way to disarm a bitocin scam is to find out the true identities of the people who run it and to find the path of your funds. This may seem like a tall order in the anonymous world of the blockchain. However, scam detection services have the methods and the technology to bring these identities and activities to light.
To detect a scam, the professionals need information from the victim. The more information provided, the easier it will be to track down the people who stole the funds. From client information. CryptoCoinTrace experts will use a combination of bitcoin forensics and advanced technology to unmask identities on the blockchain.
When Do You Need Scam Detection Services?
If you’ve lost money to a bitcoin scam, you will need the assistance of scam detection services to track down your funds. Often, though victims don’t know they are involved with a cypto scam until it’s too late. They may blissfully think they are earning a solid ROI for awhile, but when they ask to withdraw their funds, the broker will delay, make up excuses or disappear.
If your broker won’t communicate with you or if your crypto service is silent when you have a complaint, and if you have given your money, you have every reason to be suspicious. It’s worth having the situation checked out before it’s too late.
How Successful Is Scam Detection?
There isn’t any reliable way that a scam detection service give an absolute guarantee of success. There are many factors involved in every scam detection case. However, you can improve your chances of scam detection success through the following:
- Provide full information including communications with the suspected scam
- Act quickly– bitcoin scams can launder funds quickly
- Be persistent yet patient
- Enlist the services of reliable scam detection services.
CryptoCoinTrace has the tools and the expertise to help you with scam detection. We have a huge database of past bitcoin scams that can be useful when tracking down cyber criminals. Our technology can uncover the true identity of the people who ran the bitcoin scam and can trace the pattern of crypto transactions on the blockchain. 45rtf
What You Should Do If You Have Lost Money to a Crypto Scam?
If you suspect you have lost money to a crypto scam, it’s important to close your account with the broker or the exchange and demand a withdrawal. If you do not receive a withdrawal, contact CryptoCoinTrace experts. We consult with clients, advise them on claims and have the tools and methods to track down your funds. The sooner talk to us, the greater the chances of a successful claim!
