A Bitcoin trader scam has made it easy for people to get their hands on the cryptocurrency without even knowing what it is. The first step in the registration process is to set up a free account. All you need to do is enter your name, email address, and choose a password of six characters. After that, you need to provide some other information, including your location and phone number. Once you’ve completed this, you’re ready to trade.
Some of these sites look like legitimate websites, but are actually malicious and redirect you to another platform. For example, a website may have a URL that looks similar to a real site, but the attackers may have forged the letter o to disguise it as a zero. They then make an email threatening you with a ransomware demand, which you usually ignore. If you’re worried about being scammed, the first step is to double-check the URL.
Another scam involves a phony IRS tax payment demand. These email messages typically require the recipient to wire money from a bank account. However, this solution is not obvious for many people, so the first option is to ask for a bank account. Others may fall for the temptation to send money directly to the email sender. Most bitcoin con artists take advantage of this scenario and will keep your money after the scam is over. So, beware of any such program.