The bitcoin scam list is quite long, but it is still useful to have a good look at it. There are many bogus sites out there, but these sites do have one thing in common: they are all recycled versions of old-school cons. Using these websites can help you stay away from scammers. Regardless of your current level of expertise in cryptocurrency, there are plenty of scams on the internet. These sites will help you make the right decision about whether to invest your money or not.

Among the many Bitcoin scams on the market, Bitcoin Savings & Trust was one of the first Ponzi schemes. This fund offered investors a 7% yield on deposits, and the owner claimed to be able to buy Bitcoin at a premium rate and then sell it back to investors for a lower price. While this sounds like a great investment opportunity, it’s not a good idea. These scams often claim to have a high-quality customer support system and may be a scam.

One of the most popular scams involves email messages. In an email, a scammer will claim to be a hacker and has accessed your PC. They will threaten to send incriminating evidence to all your friends and family, and they will ask you to pay them in Bitcoin to get their services. These scams often require you to make large deposits and can be difficult to withdraw. This is why it’s important to be careful with this type of scam.