3 Red Flags a Crypto Influencer is Scamming You 🧑🏻💻💲
Are Crypto Influencers Guiding You to Success or Setting You Up?
Not every crypto influencer has your best interests at heart. Some might be steering you toward losses while they profit. In my latest YouTube video, I break down how to spot the red flags and protect your wallet. Here’s what to watch for:
🚩 1. No Mention of Paid Promotions
If an influencer is raving about a coin without disclosing they’re paid, they’re likely prioritizing their payday over your portfolio. Transparency matters.
🚩 2. Suspicious Giveaways
Promises like “send crypto to receive more” are a classic scam. If you’re asked to send funds first, you’re not winning anything. You’re just losing.
🚩 3. Hyping Low-Cap Coins Before a Surge
When they push obscure coins right before a price spike, it’s no coincidence. They’re often selling while you’re buying, leaving you with the losses.
Popularity Isn’t Proof of Trust
A flashy lifestyle or massive following doesn’t mean they’re credible. Many influencers build wealth through referral links, not smart trading. Don’t fund their next luxury purchase under the guise of learning crypto. Check out my YouTube video for a deeper dive into spotting genuine educators versus self-serving hype. Stay sharp and keep your crypto safe!
