6. How do I recognize a scam?

2–3 minute lesson · Fictional practice · New York / U.S. · Reviewed October 26, 2026

What is it?

A convincing website, friendly conversation, or celebrity picture does not establish legitimacy. Pressure, guaranteed returns, requests for recovery secrets, and demands for another payment to unlock withdrawals are serious warning signs. Scammers can also approach people who have already lost money with paid recovery promises. Verify through an official website opened independently, rather than a link supplied in the message.

Why care?

To protect your money and access before trust is exploited.

When would I use it?

When an offer, support message, giveaway, or withdrawal demand appears.

Worked example

A fictional message says: 'Your $500 profit is ready; send $50 in crypto to unlock it.' Do not treat the displayed balance as proof of money you can receive. A second payment can simply increase the loss.

How to practice

Stop replying or paying; save relevant messages and transaction records privately; use official reporting channels and your provider's independently verified support.

The result to aim for

You can pause and seek evidence instead of acting under pressure.

One useful step now: A useful action today is saving official support addresses.

David is not a financial adviser. General education only, not personalized investment, financial, tax, or legal advice. Examples are not provider quotes, purchase recommendations, or promises of safety or returns. Eligibility and rules can change.