What are the common NFT scams on Instagram and how can I avoid them?

3 answers

• Dec 25, 2021 · 3 years ago
  Sure, let me break it down for you. One common NFT scam on Instagram is when scammers create fake NFT accounts and pretend to sell valuable NFTs. They may use stolen artwork or claim to have exclusive NFTs from popular artists. To avoid falling for this scam, always do your research and verify the authenticity of the account and the NFT before making any purchase. Look for verified accounts or reach out to the artist directly to confirm the legitimacy of the NFT.
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• Dec 25, 2021 · 3 years ago
  Ah, NFT scams on Instagram, a hot topic indeed. Another scam to watch out for is when scammers create fake giveaways or contests related to NFTs. They may ask you to send them some cryptocurrency or personal information to participate, promising a chance to win a valuable NFT. Remember, legitimate giveaways and contests don't require you to send money or personal information. Be cautious and double-check the legitimacy of the giveaway before taking any action.
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• Dec 25, 2021 · 3 years ago
  Well, when it comes to NFT scams on Instagram, it's important to stay vigilant. At BYDFi, we advise users to be cautious of third-party platforms or websites claiming to sell NFTs. Always use reputable platforms or marketplaces to buy NFTs and verify the seller's reputation and reviews. Additionally, be wary of phishing attempts where scammers may send you links to fake NFT marketplaces or wallets. Always double-check the URLs and ensure you're on a secure and trusted website.
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