So what are these crypto scams? Well, the most common ones are the same as age-old investment scams, where a con artist promises a low-risk, high-reward return on a fictitious investment opportunity.

So, emphasize safety when using cryptocurrency and be vigilant about protecting yourself against cryptocurrency scams,” the blog post goes on to say. “But it’s important to realize that virtual currencies don’t have an established track record of credibility or trust and they’re not regulated or backed by any central bank worldwide.