Top 5 Crypto Scams to Avoid in 2025

The crypto space is exciting, but it also attracts scammers. Being aware of common tactics is your best defense.

1. Phishing Scams

Scammers create fake websites that look identical to real exchanges or wallets. They send you an email or message with a link to this fake site, hoping you'll enter your login details or recovery seed. Rule #1: Never enter your recovery seed online.

2. Fake "Support" Staff

If you ask for help in a public forum like Telegram or Discord, you will likely be contacted by scammers pretending to be support staff. They will ask for your recovery seed or ask you to "validate your wallet" on a malicious site. Real support will never ask for your seed phrase.

3. Giveaway Scams

You see a tweet from a famous personality promising to double any crypto you send to their address. It's always a scam. They are simply preying on greed. If it sounds too good to be true, it is.

4. Malicious Airdrops

You might find random tokens in your wallet. To "claim" them or their value, you are directed to a website that asks you to sign a transaction. This transaction may give the scammer permission to drain your entire wallet. Ignore unknown tokens.

5. SIM Swap Attacks

Scammers convince your mobile provider to transfer your phone number to a SIM card they control. They can then bypass 2-Factor Authentication (2FA) for your accounts. Use authenticator apps (like Google Authenticator) instead of SMS for 2FA whenever possible.