In Telegram, creating fake groups is one of the most dangerous and prominent crypto scams. If you know some of the common scams on Telegram, you will be able to avoid them. People who are not very familiar with the crypto industry are the major victims of these scams. They can happen inside a Telegram group that is already active, a personal message that takes you to a third-party website, or a trap asking you to invest in certain tokens for high returns in the short term. The nature of these scams differs from one another. These scams can be discouraging – especially to new traders as many give up on trading after losing their hard-earned money. There are people whose sole aim is to defraud others. Talk to our Telegram Community experts Crypto scams on Telegramĭespite Telegram’s sophistication, the platform faces scam threats. Furthermore, the platform is easy to install and use. This can integrate with the exchange account to automate the trading process.Īll these reasons make Telegram a popular platform among crypto traders.
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