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Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One - Investment - Nairaland

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Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Balanciego(m): 11:33am On Jul 01, 2019
Alot of people on this space have complained about been scammed especially in cryptocurrency. Some have sent pm requesting they share their experiences.

I'm making it open for y'all here. share your experience and I will drop one or two tips to detect a scam

Due to popular demand for a bitcoin class. I have decided to hold a free class on everything about earning in bitcoin.

send a pm, drop your whatsapp number or your mail

6 Likes 3 Shares

Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Bitcoinbeer: 11:44am On Jul 01, 2019
Boss. Thanks for the other time....

The kind eye I get eeh.... E dy detect every every
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Balanciego(m): 11:54am On Jul 01, 2019
Bitcoinbeer:
Boss. Thanks for the other time....
The kind eye I get eeh.... E dy detect every every
you are welcome. anyway still share your experience and help others
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Soul47(m): 1:05pm On Jul 01, 2019
Never been scammed, all thanks to God and caution.

On the other hand I notice that my transfer fees are just too much of a fee.

I wouldn't know if it's normal or the issue is from the exchange platform; luno.

I requested to withdraw 631k surprisingly I received 618k meaning about 13k was deducted for transfer fee...
I find it kinda Too big.

Please is it something we should expect normally or are there cheaper exchange platform...

Due to that I haven't withdrawn money again, all locked up.

Any suggestion?

3 Likes 2 Shares

Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Nkemzy8: 1:21pm On Jul 01, 2019
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Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Nkemzy8: 1:24pm On Jul 01, 2019
Soul47:
Never been scammed, all thanks to God and caution.

On the other hand I notice that my transfer fees are just too much of a fee.

I wouldn't know if it's normal or the issue is from the exchange platform; luno.

I requested to withdraw 631k surprisingly I received 618k meaning about 13k was deducted for transfer fee...
I find it kinda Too big.

Please is it something we should expect normally or are there cheaper exchange platform...

Due to that I haven't withdrawn money again, all locked up.

Any suggestion?
Luno fees are always on the high side so its normal but its still a very safe option for you, there are other platforms but the trust ratings are very low, so i suggest you follow luno to avoid stories ooo
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Soul47(m): 1:30pm On Jul 01, 2019
Nkemzy8:
Luno fees are always on the high side so its normal but its still a very safe option for you, there are other platforms but the trust ratings are very low, so i suggest you follow luno to avoid stories ooo

Thanks for the advice.
I guess I will remain with Luno to avoid stories.
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Balanciego(m): 1:34pm On Jul 01, 2019
Soul47:
Never been scammed, all thanks to God and caution.

On the other hand I notice that my transfer fees are just too much of a fee.

I wouldn't know if it's normal or the issue is from the exchange platform; luno.

I requested to withdraw 631k surprisingly I received 618k meaning about 13k was deducted for transfer fee...
I find it kinda Too big.

Please is it something we should expect normally or are there cheaper exchange platform...

Due to that I haven't withdrawn money again, all locked up.

Any suggestion?
you are right. due to increase in price of bitcoin, mining difficulty and productivity margin increased too. So this can be felt by users through transaction fee.

At bitcoin stability, transaction fee also stabilize.

good luck

2 Likes

Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Bitcoinbeer: 1:41pm On Jul 01, 2019
Nkemzy8:
Luno fees are always on the high side so its normal but its still a very safe option for you, there are other platforms but the trust ratings are very low, so i suggest you follow luno to avoid stories ooo
luno Na gbedu. The high trust rating and acceptance is the real deal in Nigeria
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by adelekefam: 1:50pm On Jul 01, 2019
Balanciego:
Alot of people on this space have complained about been scammed especially in cryptocurrency. Some have sent pm requesting they share their experiences.

I'm making it open for y'all here. share your experience and I will drop one or two tips to detect a scam
I have been scammed before through bitcoin mining, it was too good,i was enjoying myself all of a sudden it crashed, pls how do u spot a fake bitcoin investment and a good one, pls explain
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Olgasmith: 2:02pm On Jul 01, 2019
My experience was through telegram. They claimed to do bitcoin lending. For over six months it was paying till they claimed to have a hitch.

I lost 3million Naira and have vowed never to do anything online business

15 Likes 2 Shares

Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Ofejiro20: 2:53pm On Jul 01, 2019
Olgasmith:
My experience was through telegram. They claimed to do bitcoin lending. For over six months it was paying till they claimed to have a hitch.

I lost 3million Naira and have vowed never to do anything online business
care to share the Tele gram group? Oh lemme guess, Bitcoin mining Bot right?
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Robnectar(m): 4:10pm On Jul 01, 2019
can we pls create a special what's group for btc miners so we can guide each others through on recommending to avoid scam wink
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Balanciego(m): 4:49pm On Jul 01, 2019
adelekefam:

I have been scammed before through bitcoin mining, it was too good,i was enjoying myself all of a sudden it crashed, pls how do u spot a fake bitcoin investment and a good one, pls explain
you see one thing about bitcoin mining is that we are no more in the era of cloud mining or pool mining but in asic and hardware mining.

be sure to have an asic miner with consistent power supply or kiss your bitcoin goodbye to scam.

goodluck

8 Likes 2 Shares

Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Balanciego(m): 4:51pm On Jul 01, 2019
adelekefam:

I have been scammed before through bitcoin mining, it was too good,i was enjoying myself all of a sudden it crashed, pls how do u spot a fake bitcoin investment and a good one, pls explain
How to spot them?

when the return is outrageous.

when they have no means of easy contact

when the promise is out of the window

when they have no team or vision

2 Likes 1 Share

Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by adelekefam: 4:52pm On Jul 01, 2019
Robnectar:
can we pls create a special what's group for btc miners so we can guide each others through on recommending to avoid scam wink
seconded, we need guidance from experts here, this bitcoin thing is very confusing, i myself is finding it difficult to grasp
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Balanciego(m): 4:57pm On Jul 01, 2019
Olgasmith:
My experience was through telegram. They claimed to do bitcoin lending. For over six months it was paying till they claimed to have a hitch.

I lost 3million Naira and have vowed never to do anything online business

You see most Nigerians don't care to read about blockchain and how they can utilize it to their everyday life or project.

What is Lending? to borrow someone sth

then what is lending of bitcoin. to borrow someone your bitcoin to keep or do whatever he likes in order to give u more in a specified time.

what is the person going to do with the bitcoin you borrowed him.

guess what? nothing. it's actually multilevel and has no value.

I'm sorry for the loss but be careful. there are legit blockchain investments But u will never go for it because it doesn't soothe the Nigeria population of easy money

7 Likes 3 Shares

Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Robnectar(m): 5:04pm On Jul 01, 2019
adelekefam:
seconded, we need guidance from experts here, this bitcoin thing is very confusing, i myself is finding it difficult to grasp
gud bro,... if we can create a special WhatsApp group for miners to be recommending legit bot for investment cool
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Balanciego(m): 5:04pm On Jul 01, 2019
Robnectar:
can we pls create a special what's group for btc miners so we can guide each others through on recommending to avoid scam wink
As far as I'm concerned in this forum, I will do my best to expose any illegitimate cryptocurrency investment and show people simple and skillful ways of making it in cryptocurrency.

About the group. I'm not yet ready to include folks from the forum till I have settled those I'm handling in cryptocurrency.

so let's stick to this forum for now.

1 Like

Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Robnectar(m): 5:06pm On Jul 01, 2019
Balanciego:


You see most Nigerians don't care to read about blockchain and how they can utilize it to their everyday life or project.

What is Lending? to borrow someone sth

then what is lending of bitcoin. to borrow someone your bitcoin to keep or do whatever he likes in order to give u more in a specified time.

what is the person going to do with the bitcoin you borrowed him.

guess what? nothing. it's actually multilevel and has no value.

I'm sorry for the loss but be careful. there are legit blockchain investments But u will never go for it because it doesn't soothe the Nigeria population of easy money
we can create a WhatsApp group... u can be d leader of d group boss,... we can share ideas how abt investing and mining....
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Robnectar(m): 5:09pm On Jul 01, 2019
Balanciego:
As far as I'm concerned in this forum, I will do my best to expose any illegitimate cryptocurrency investment and show people simple and skillful ways of making it in cryptocurrency.

About the group. I'm not yet ready to include folks from the forum till I have settled those I'm handling in cryptocurrency.

so let's stick to this forum for now.

would love to knw u bro,... I bliv u can help plz think abt d WhatsApp group,...

1 Like

Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Soul47(m): 5:46pm On Jul 01, 2019
Balanciego:
As far as I'm concerned in this forum, I will do my best to expose any illegitimate cryptocurrency investment and show people simple and skillful ways of making it in cryptocurrency.

About the group. I'm not yet ready to include folks from the forum till I have settled those I'm handling in cryptocurrency.

so let's stick to this forum for now.


Those you are handling in crypto what part of mining do you teach them?

Can you recommend any ASIC miner with high daily profit which is not that expensive?

Or maybe a script to increase profit of other affordable miners.

Your response will be appreciated.

1 Like

Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Nobody: 6:09pm On Jul 01, 2019
Olgasmith:
My experience was through telegram. They claimed to do bitcoin lending. For over six months it was paying till they claimed to have a hitch.

I lost 3million Naira and have vowed never to do anything online business
What's the name of the telegram bot or channel and when did you have this experience?
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by adelekefam: 6:52pm On Jul 01, 2019
Mysteriouz:
What's the name of the telegram bot or channel and when did you have this experience?
i guess they lured you in wit high ROI, see mate no one owns a bitcoin mining hardware in nigeria, setting it up is an issue, no steady power supply and technological know how, dont ever fall a victim again, a legit bitcoin mining doesnt pay much,you will have to know the size of your mining hardware before you earn anything meaninful, these yahoo boys are out for blood, invest wisely, take a calculated risk, venture into agriculture, it will be hard at first but you will enjoy at the end, if you must invest in any online business, do a critical study even after that seek the advice of proffessionals who has been into crypto for a very long time

4 Likes

Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Nobody: 8:05am On Jul 02, 2019
adelekefam:
i guess they lured you in wit high ROI, see mate no one owns a bitcoin mining hardware in nigeria, setting it up is an issue, no steady power supply and technological know how, dont ever fall a victim again, a legit bitcoin mining doesnt pay much,you will have to know the size of your mining hardware before you earn anything meaninful, these yahoo boys are out for blood, invest wisely, take a calculated risk, venture into agriculture, it will be hard at first but you will enjoy at the end, if you must invest in any online business, do a critical study even after that seek the advice of proffessionals who has been into crypto for a very long time
I'm not the one o
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Balanciego(m): 10:26am On Jul 02, 2019
adelekefam:
i guess they lured you in wit high ROI, see mate no one owns a bitcoin mining hardware in nigeria, setting it up is an issue, no steady power supply and technological know how, dont ever fall a victim again, a legit bitcoin mining doesnt pay much,you will have to know the size of your mining hardware before you earn anything meaninful, these yahoo boys are out for blood, invest wisely, take a calculated risk, venture into agriculture, it will be hard at first but you will enjoy at the end, if you must invest in any online business, do a critical study even after that seek the advice of proffessionals who has been into crypto for a very long time
exactly. this yahoo guys are out for their preys.

be critical in analysing online investments and be sure of the foundation before venturing into it.

Nigeria is so messed that people don't do research anymore in trending strategies

2 Likes

Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Balanciego(m): 10:34am On Jul 02, 2019
Soul47:


Those you are handling in crypto what part of mining do you teach them?

Can you recommend any ASIC miner with high daily profit which is not that expensive?

Or maybe a script to increase profit of other affordable miners.

Your response will be appreciated.
No asic miner with high return isnt expensive. most asic miners designed for a singular purpose especially in cryptocurrency mining are installed in motherboard and electric power supplies.

When it comes to mining cryptocurrencies, all that really matters is that the cryptocurrency you mine is worth more than what you spend on hardware and electricity. Those margins can be closer than you might think, because mining cryptocurrency can be expensive. 

we have the Dragonmint 16T Miner. eBay and Amazon have good deals

2 Likes 1 Share

Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Balanciego(m): 10:39am On Jul 02, 2019
Robnectar:
we can create a WhatsApp group... u can be d leader of d group boss,... we can share ideas how abt investing and mining....
This is what I get anytime I come out for mentoring in cryptocurrency.

I will look into it but for now, let's reach and educate more people in cryptocurrency before moving over to whatsapp.

I believe if I teach you, you can teach others and so the circle continues. by the time the whatsapp comes live. most will be cryptomasters

9 Likes

Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Balanciego(m): 10:41am On Jul 02, 2019
Robnectar:
would love to knw u bro,... I bliv u can help plz think abt d WhatsApp group,...
Sure I will love that too.

but for now. share your questions and challenges in cryptocurrency here and I will help.
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Olgasmith: 11:13am On Jul 02, 2019
Balanciego:


You see most Nigerians don't care to read about blockchain and how they can utilize it to their everyday life or project.

What is Lending? to borrow someone sth

then what is lending of bitcoin. to borrow someone your bitcoin to keep or do whatever he likes in order to give u more in a specified time.

what is the person going to do with the bitcoin you borrowed him.

guess what? nothing. it's actually multilevel and has no value.

I'm sorry for the loss but be careful. there are legit blockchain investments But u will never go for it because it doesn't soothe the Nigeria population of easy money

Thank you for this bro. Please open a whatsapp group so we can interact real time. We need your experience in cryptocurrency.

Cryptocurrency technology is growing and I wanna be part of the growth bro
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Ofejiro20: 11:28am On Jul 02, 2019
Olgasmith:


Thank you for this bro. Please open a whatsapp group so we can interact real time. We need your experience in cryptocurrency.

Cryptocurrency technology is growing and I wanna be part of the growth bro
I asked u to share the name of the Tele gram channel so others can take caution, is that too much to ask?

3 Likes

Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Soul47(m): 12:45pm On Jul 02, 2019
Balanciego:
No asic miner with high return isnt expensive. most asic miners designed for a singular purpose especially in cryptocurrency mining are installed in motherboard and electric power supplies.

When it comes to mining cryptocurrencies, all that really matters is that the cryptocurrency you mine is worth more than what you spend on hardware and electricity. Those margins can be closer than you might think, because mining cryptocurrency can be expensive. 

we have the Dragonmint 16T Miner. eBay and Amazon have good deals

Ok. Thanks.

With Dragonmint 16T expected daily returns should be $5 including electricity cost.
Not that bad, but not worth it since more profitable miners are available.

Please what do you mean by miners being installed in motherboards and electric power supply?

I really appreciate your response.

2 Likes

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