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Crypto transactions are a fast, hardly traceable way to transfer money around the world. That’s why this is such an attractive asset to “bad actors”. At CEX.IO, we always go the extra mile to protect your money and data, but you are the only one responsible for securing access to your own account and assets. Always keep your login details such as emails, username, passwords, revocation PIN (WPC), 3DS code, etc. safe.

We’ve already written several articles in our blog describing some of the popular crypto scams, how to identify them and what to do when you realize you’re in the mouse. Check them out:

In this post, we’ll tell you more about some of the most common scams and how to identify and avoid them.

How to spot a scam

Caution is always a must, and there are clear signs of a scam you can look for to uncover them. Let’s remember the red flags that can help you spot a scammer:

  • The offer of scammers is too attractive. Earning money easily or doubling the profit? Too good to be true!
  • A scammer usually tries mislead. You tell me I won some money but I have to pay an amount up front to get the prize? Aha-aha! Not really!
  • She speculate about your privacy. Send you an email with a great offer and a malware attachment. Don’t click on it!
  • They are short on time and try create a sense of urgency. The less time you have to think, the more chances you have of falling into the trap.
  • They try scare you. You can hear that there is something wrong with your card, account or computer and offer to fix the problem if you give them your credentials. A big no-no!
  • They are difficult. Pseudo-representatives of the company can ask for your personal details and payment details. Don’t trust them!

By avoiding these traps, you can better protect your property. Read more about the the most popular ways scammers can hunt for your money and sensitive information.

1. Phishing Emails

Even if you are new to crypto, you have probably heard of phishing. It usually involves the scammer posing as a company representative or support agent to extract personal information from you. They may contact you via email, social media posts, telephone and fake websites.

Phishing emails are becoming an increasingly serious problem, resulting in massive losses. Basically, scammers posing as crypto exchanges or traders trick people into transferring money to them.

Beware of emails allegedly sent by the services you use and call for urgent action. This could be the email to reset the password or it could be a link to initiate some sort of interaction with your account. Why follow the instructions if you haven’t asked for a password reset? If someone else has accessed your credentials and initiated this action, don’t confirm it anyway! By following the links in suspicious emails, you are helping scammers reach your money.

You can find the difference between a fake email sent with the aim of hacking your account and a legit email sent by a company / service you are using. Just pay attention to the sender’s name and domain name. Even a small typo in the email can indicate fraud.

Emails from CEX.IO have the domain name at the end of the sender’s address. For example, emails from, and all other emails from the @ domain are legitimate.

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