How to avoid scammers: A quick good practice guide -
February 28, 2018

How to avoid scammers: A quick good practice guide

How to avoid scammers

No matter your background, when an amazing opportunity presents itself, the most common reaction is to take it, however dubious it might appear after a moment’s consideration. Yet, when it comes to cryptocurrency, security can never be taken for granted. The amount of cryptocurrency lost to scammers is growing rapidly, and day by day we witness more people reporting how they were scammed.

These scams share a number of common elements:

  • A stranger offering a business deal, claiming to know someone within the organization to be able to offer discounts or some other competitive advantage.
  • A deposit request of a certain amount as a business guarantee, which will be returned later with a higher amount.
  • A forger identifying themselves as a publicly known member of a company, again able to provide an advantageous agreement.
  • An invitation (a website, email, link, etc.) copying the visual identity of a company in an attempt to appear legitimate.

This list could be longer, but the key safety precaution it highlights is always to look for information on official channels. Take Nash, for example. Our only official channels are Twitter, Medium, YouTube, LinkedIn, Instagram and our website.

City of Zion have produced a video explaining how to use NEO safely:

We would like to reiterate the following points:

  • There is absolutely no way someone from Nash will ever contact a person offering a special deal.
  • You will never be asked to send funds to a wallet address on behalf of Nash or a team member.
  • Nash does not have an official Telegram group.
  • No pre-sale, discounts or bonuses are associated with our ICO.
  • Phishing websites should be reported on Google and scammers on Twitter.
  • Pay attention to URLs! Check spelling and look in official channels to confirm all information.

We seek to convey information in advance, so people do not need to rush just to meet deadlines. Rushing often leads to mistakes.

Stay safe.

Read more posts by this author.
All Posts

Compliance and Registration

Nash was the first Crypto Platform in Europe registered by the Financial Market Authority (FMA) of Liechtenstein. Nash is also registered with the De Nederlandsche Bank N.V. (DNB).
Icon illustration representing a book with transparent background.

Industry Leading Security

Nash’s Crypto Platform and Investment App uses state-of-the art, audited security measures and is fully non-custodial.
What makes Nash so safe
Icon illustration of a shield representing security on a transparent background.
Trustpilot logo icon
YouTube logo iconTwitter logo iconTelegram logo iconLinkedIn logo iconInstagram logo iconFacebook logo icon
Rates may vary over time. Crypto-powered earnings on Nash are not covered by any deposit guarantee schemes like bank savings accounts and involve risks unique to the underlying technologies: (i) Exploitations of the smart contracts used; (ii) Forex fluctations between your national currency and the US dollar, which underlies crypto earnings assets; (iii) USD stablecoins losing their peg. 
Nash is a trademark of Neon Exchange Aktiengesellschaft. Neon Exchange Aktiengesellschaft is an exchange bureau registered with the FMA of Liechtenstein (TT Exchange Service Provider Nr. 261096 as defined by the Token- und VT-Dienstleister-Gesetz / TVTG, 3 October 2019)
Nash Exchange B.V. is registered with De Nederlandsche Bank N.V. (DNB) as a provider of crypto services. DNB conducts supervision and monitors Nash Exchange B.V.’s compliance with the Money Laundering and Terrorist Financing Prevention Act and the Sanctions Act 1977. Nash Exchange B.V. is not under the prudential supervision of DNB nor under business conduct supervision of the AFM. This means there is no supervision of financial requirements or business risks and no specific consumer financial protections.
Neon Exchange Aktiengesellschaft is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act – for more information please see this link.
Neon Exchange Aktiengesellschaft also provides fiat-crypto exchange services. These are separate and unrelated to the account and payment services you receive from Modulr Finance B.V.