I hate to admit it, but if sharing my mistakes can help others avoid the same traps - well here it is.
This is a strong reminder for old hands, and important information for the New People becomming involved with the Crypto World. It always pays to be cautious, and wary, when exploring new ground in Cryptocurrency! Beware of people who pass out referral links to sites they have just newly discovered. Many scam sites offer big referral rewards, in order to quickly bring in as many new victims as possible, which some people seem unable to resist. If you are new to the World of Crypto, i suggegst you thoroughly test out any new earing sites - before you consider sharing you referral link with others.
In my case, i have downloaded and started using a new application, which provides a small stream of BitCoin via "mining on your phone". This site has been around for some time now. So, i took that as a indicator that it may be legitimate. And as of right now, i still haven't passed judgement on it.
I will say that there have been a couple of suspicious circumstances, since i downloaded the app. I won't go into a lot of detail in this post, as i am saving that for a possible future review. This is what i will say for now - i haven't actually done any calculations, or any type of scientific test, but my impression is that the more i mine with this app, the slower it is producing. Add the fact that it becomes a little more difficult to access the actual menu(to initiate mining) along with more and more messages to invite others - you can see where this is leading.
This new app is a strong contender for Suspect in my robbery today. To the point - i picked up a little more BitCoin and BitCoin Cash today. Not much mind you, but in today's world every little bit counts. I purchased my Crypto on Coinbase so that I could transfer it to two other places, where i earn interest on my BitCoin. I transferred $30(in BitCoin) to the site where i earn 7.5%+(compounded daily!). I transferred the remaining $17(in BitCoin) to the site where i earn 5% interest. So far, so good - right? Wrong! Do you see my critical error yet? I will share it shortly.
To finish up, i went through the process of transferring my $10 worth of BitCoin Cash to the site where i earn 5% itnerest on it.
If you have been robbed like this before, you probably see where this is going. If not, now is a good time to pay attention and avoid this vulnerability. I have become over confident in my Crypto Transfers. I failed to do what once was always certain to do. I failed to double check the receiving BitCoin Cash address! I NEVER Received my transferred BitCoin Cash. A Scammer slimed a replacemet address into my transaction - all because i did not double check the receiving address!
I can clearly see the receiving address from the transaction. I just don't know who owns it.
Enoug detail for now. I may make a future post, after further investigation.
Live and Learn. By someone elses mistake, or else your own. Thank The Good Lord that my loss was not more than it was.