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Fraud prevention FAQ and examples
Do you have any tips to spot a fraud?
Do you have any tips to spot a fraud?
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Written by Safello
Updated over a week ago

The crypto world offers a wealth of opportunities, but it is also a target for fraudsters. To ensure that you can use cryptocurrencies safely and avoid potential threats, it is important to be able to recognize scams when they appear.

In this article, we share valuable tips on how to spot potential scams and protect yourself and your investments.

Be sure to store your cryptocurrency securely

  • If you plan to send or store your cryptocurrency outside of your Safello wallet, be sure to choose a safe and secure wallet provider. A wallet that only you have access to and keep your passwords, seed phrase/recovery key in a safe and secure place. Please read more about this at

Be wary of promises of quick and big rewards

Double-check URLs and platforms

  • Before using a crypto platform or trading crypto, make sure you visit the official website. Fraudsters may use look-alike/counterfeit web pages to try to trick users. Check that the platform or company is legitimate and has clear and reliable contact information, fraudsters often avoid transparency.

Avoid shady/suspicious messages and emails

  • Scammers may try to contact you via unsolicited emails or social media messages. Be sceptical of unknown senders and unsolicited offers.

Be wary of unusual requests

  • If someone requests that you share your private keys or passwords, that's a big red flag. Be wary of such requests and sharing requests.

Trust your gut

  • Finally, if something feels suspicious or unusual, trust your gut. It is better to be safe than to risk your assets.

Being able to identify potential scams is critical to your own safety in the crypto world. By applying these tips, you can reduce the risk of being a victim of fraud and use cryptocurrencies with confidence.

If you have any further questions about avoiding scams or suspect you have encountered a scammer, please do not hesitate to contact our support team via

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