Investor interest in bitcoin and cryptocurrencies is increasing continuously. Most cryptocurrencies were trading in the green zone on the first day of the week. Investors may have little technical understanding of any cryptocurrencies including bitcoin and dogecoin, but they are highly interested due to the attractive returns. In such a situation, many times they also become victims of digital fraud, because it is not regulated in their country yet.
Amidst the increasing cases of digital and online fraud, the cyber Dost Twitter handle is being operated by the Ministry of Home Affairs, Government of India to make people aware and alert. On June 4, a tweet regarding crypto fraud has been shared from the Twitter handle of Cyber Dost. In this, four tips have been given to crypto investors to avoid any kind of scam and fraud. By following these tips, you can save your hard-earned money from fraudsters.
Learn about cryptocurrencies before investing
In the first point of cyber Dost's tweet, investors have been told that scammers will target you with the help of a website or social media platform. If you see any such attractive offers on the internet, then avoid these offers and do not proceed in this process. Fraudsters will try to convince you to pay online. Apart from this, other online mediums can also be used for taking payment. In such a situation, if you invest in crypto, then first of all gather complete information about it.
Bitcoin is the world's first digital currency
When it comes to cryptocurrency, bitcoin is the most popular and at the same time, it is also the world's first digital currency. The craze for cryptocurrencies has increased in the last few years and currently, there are around 1500 virtual currencies in circulation. This includes digital currencies like Ethereum, Ripple, Dogecoin.
50 lakh traders trade daily
According to a report published in the Economic Times, on a daily basis, 50 lakh traders in the country are trading 1500 bitcoins on a daily basis with the help of 24 exchanges. This value is around Rs 100 crore. According to the report of Money Control, there has been a jump of 400 percent in cryptocurrency trading in the Corona lockdown.
15 thousand crore investment in cryptocurrencies
According to an estimate by crypto exchanges, about 15 million people have invested in cryptocurrency in India. At present, Indian people have a holding of about Rs 15,000 crore.