What are the signs that indicate fake bitcoin trades?

3 answers

• Feb 17, 2022 · 3 years ago
  One of the signs that indicate a fake bitcoin trade is when the price is too good to be true. If someone is offering to sell bitcoin at a significantly lower price than the market average, it's likely a scam. Always be cautious of deals that seem too good to be true.
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• Feb 17, 2022 · 3 years ago
  Another sign of a fake bitcoin trade is when the seller asks for payment through unconventional methods such as gift cards or wire transfers. Legitimate sellers usually accept payment through established platforms and cryptocurrencies. If someone is insisting on using unconventional payment methods, it's a red flag.
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• Feb 17, 2022 · 3 years ago
  At BYDFi, we prioritize the safety and security of our users. One of the signs that indicate a fake bitcoin trade is when the seller has a low reputation score or negative feedback from previous buyers. Always check the seller's reputation and feedback before engaging in a trade to minimize the risk of falling victim to a scam.
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