Before you use or invest in cryptocurrency, know what makes it different from cash and other payment methods, how to spot cryptocurrency scams or detect cryptocurrency accounts that may be compromised or at risk from being manipulated by cryptocurrencies like bitcoin or other forms of Digital Assets . A broker might ask you to pay tax’s which is fake when wanting to withdrawal your funds your money is at risk. A broker will.
Consumers reported losing more than $80 million to cryptocurrency investment scams between October 2020 and March 2021, an amount 10 times higher than the same period a year earlier, according to the Federal Trade Commission.