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​Profits from Bull Market Can Be Eroded by Countless Traps!

​Profits from Bull Market Can Be Eroded by Countless Traps! WikiBit 2021-06-04 15:15

Traders often focus on the profits generated from this operation but neglect pitfalls that lead them to great losses! Three tricks commonly used are summarized for you herein to raise your vigilance.

Airdrops are usually implemented as a way of gaining attention in the field of blockchain-based currencies. Traders often focus on the profits generated from this operation but neglect pitfalls that lead them to great losses! Three tricks commonly used are summarized for you herein to raise your vigilance.

Links aiming to get clients entrapped

Swindlers send users a fake link in the name of airdrops, telling them that they can only receive airdrops by entering their mnemonic phrases or private keys, the content included by the private information that can cause them losses once divulged. In fact, this information is not necessary for real airdrops.

Crypto tokens with rebates

Some swindlers may play up their rebate projects, implying that you can receive Huobi Token (HT) worth several times more than that of Ethereum (ETH) that you have invested into their wallets. Although the value of HT can be withdrawn in the beginning, the operation becomes unsuccessful with the increase of ETH arriving in their wallets because all HT involved is fake, the contract address of which is not the official one.

Target addresses being manipulated

Many people just copy and paste wallet addresses when transferring money whereas target addresses can be manipulated sometimes, leading capital to swindlers wallets. Therefore, as for money transfers, please double-check target addresses at first!

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Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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