- Classic frauds
These are called classic frauds because they are using one of the classic forms of scamming. This involves someone cold calling or emailing people, asking them to send money in exchange for bitcoin investments, very similar to the classic scam of someone claiming to be an agent of the IRS, asking you to pay delinquent taxes. People still fall for these scams, so many will still fall for the bitcoin versions of these scams.
Scammers are asking their victims to transfer money through Western Union or send cash to a banking account. Surprisingly, avoiding these types of scams is easy enough. Do not trust emails or calls like that, and if you received one, you can verify it with the official contacts of the companies that they claim to be.
Malware is definitely a means for online hackers to obtain security passwords required to gain access to personal computer systems or take credit card information or details of your bank account. In this bitcoin era, malware is being used to perform one more well-known Bitcoin fraud. Should your bitcoin wallet be hooked up to the web, they can make use of the malware to obtain entry and deplete your resources if you are not safeguarding your accounts from malware.
You will come across these malwares in your e mail messages, malicious websites and on social media. There can be a blog post, for instance, in which someone boasts that they have a particular program that permits you to mine Bitcoin at no cost. Download and install and you will get malware programs. If you want to avoid these scams, do not believe in any messages or posts that claims to give free bitcoins. People do not give away bitcoin for free, after all.