How to avoid crypto scams
Spot the most common scams before they cost you.
Beginner 4 min readUpdated 5/27/2026
Risk warning. Crypto is volatile and trading involves risk, including the loss of your capital. Past performance does not guarantee future results. This content is educational and is not financial advice.
Most crypto losses come from scams, not market moves. Learn the patterns.
Red flags
- "Guaranteed" or "daily" profits. No legitimate platform promises this.
- Pressure to act fast. Scammers rush you so you can't think.
- Someone asks for your password, 2FA code, or seed phrase. Never share these — Coinwaka will never ask.
- "Support" that DMs you first. Real support doesn't message you out of the blue.
- Off-platform deals. Anyone asking you to trade "outside" P2P escrow is trying to scam you.
Stay safe
- Verify links — only use official Coinwaka URLs.
- Set an anti-phishing code so you can tell our emails apart from fakes.
- Never release crypto on P2P until you've confirmed payment arrived in your own account.
This article is educational and is not financial advice. Crypto is volatile and trading involves risk.