Don't fall victim to an NFT scam. Let us take you through some common NFT scams and how to avoid them.
-To mitigate the potential of being scammed, alwaysalways- In this article we’ll cover the most common NFT scams and share ways to avoid them.
If you're thinking about investing in your first NFT, the first thing is to find a platform where you can buy and sell NFTs. A quick google search will get you millions of search results, but sadly there are many phony NFT marketplaces among them. These fake sites don’t have legitimate NFTs, so if you buy one, the site will record down your credentials from your transaction details.
The fake support agent might ask you to share your screen to check what's going on, making you inadvertently reveal your cryptocurrency wallet's credentials. To avoid falling for this type of NFT scam, make sure you check out that person's social media accounts and double check that the link you’ve received from them matches the company’s legitimate domain name.Rug pull scams are when a person or a group of people release a preliminary collection of NFTs to kick off a bigger project that the project plans to unfold over time with a game component, merch or an event.
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