If you are new to this sub, the crypto space is filled with scammers - Here’s how to stay safe from loosing it all.

Crypto has been gaining in popularity over the years, especially in the last 3. However, with the rise in popularity comes a rise in scammers looking to take advantage of unsuspecting investors. The cryptocurrency space is riddled with scams, and it's important to know how to stay safe.

One common scam is the "pump and dump" scheme, where scammers artificially inflate the price of a cryptocurrency by spreading false information or hype, and then sell off their holdings when the price reaches a peak. This leaves unsuspecting investors with worthless coins and a loss of their investment.

Another common scam is the "phishing" scam, where scammers create fake websites or social media accounts to trick investors into giving away their private keys or login information. Once the scammers have this information, they can steal the investor's cryptocurrency holdings.

So, how can you protect yourself from these scams? First and foremost, do your research before investing in a cryptocurrency. Look for reputable sources of information. Be wary of any investment opportunity that promises high returns with little effort or risk.

Secondly, be cautious of unsolicited messages or emails, and never give out your private keys or login information. A reputable cryptocurrency exchange will never ask you for this information, so be wary of any requests for it.

Finally, trust your instincts. If an investment opportunity seems too good to be true or makes you feel uncomfortable, it's probably a scam. Don't let FOMO cloud your judgment and always take the time to thoroughly investigate any investment opportunity.

Stay safe and invest wisely.

EDIT: Yes I am aware I spelled losing wrong, apologies.