In an article published by Inc.com Cryptocurrency Scams Are Getting Harder to Spot. Here's What to Look For. Hackers are getting better at mimicking a website's address, making it especially difficult to tell it's fake.
With cryptocurrencies getting popular, so will scams. If money is involved, there will always be scams, that the nature of things. People will always want more and more, the easy way. Scammers have found a way to make their website look just like the real websites of some popular cryptocurrency exchange sites, like Binance and Bittrex.
Unfortunately for the untrained eye, using your login credentials on a scam website can lead to theft of your cryptocurrency investments. Here's what to look for. Pay attention and memorize these simple tips to avoid such trickery.
What you're looking for is a green "Secure" and "https" before the website's URL address, which is a sign that the site and company obtained the proper SSL (secure sockets layer) certificates. Obtaining an SSL certificate shows that the company behind the site is trusted.
However, some scammers have found ways to display the green "Secure" and "https" in the website URL address, and they make an incredibly subtle change to the site's address.
A closer look reveals small dots under each instances of the letter "n" in the word "binance," which shouldn't be there.
Even if you're vigilant, those two dots in the Binance URL are hard to notice. Indeed, those dots can easily pass off as specks of dust on your monitor.
In this case, scammers used the regular letter "n" with an added so-called dot diacritic, or an underdot, which is used in central European languages and Vietnam.
How to avoid scam sites?
Don't fall for links. Scammers leave links everywhere like forums, social media, email, or even on Google searches. So when searching do not fall for the links or google ads. Even if its legit just don't.
The best way to avoid a scam site is to go the extra mile and just type the address in manually. Once you manually type in the website, you can create a shortcut on the bookmarks toolbar. However, it's still best to always check the address even when using a shortcut. If you use chrome install the Cryptonight extension to help prevent those scam sites. Additional layers of protection can include 2 factor authentication and the use of a different password for your email. If you have a static IP Address, you can also set some exchanges to only allow withdrawals from your IP Address.
Remember to research before investing and do not invest with scared money. It is important that you do your own research and due diligence as we are not financial advisors.
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