As per the Federal Trade Commission (FTC), around 46,000 people reportedly lost over $1 billion in crypto scams from January 2021 through June 2022. However, that doesn’t mean cryptocurrencies are unsafe. Cryptocurrencies are potential alternative investments, and one can include them to have a diversified portfolio.

All you need is to beware of common crypto scams, spot them, and proactively avoid them. This blog will help you better understand crypto mining scams and prevent you from falling prey to such scams.