Online investment scams promise high returns with little to no risk. Typically, scammers will encourage you to make payments in cryptocurrency, such as Bitcoin or USDT, into a ‘trading wallet’. But in reality, this is a fraudulent platform, and the victim loses their money. 

A major red flag is being asked to make a cryptocurrency payment into a trading wallet. Be cautious of any investment promising high returns – no legitimate investment is risk-free. Other warning signs include difficulty withdrawing funds, limited company info, and pressure to act quickly.  Scammers use many tactics to steal your money. Some create fake Forex and cryptocurrency schemes that promise high returns. Others pose as “trusted” advisors to lure you in with fake opportunities. There are also fake trading platforms that show supposed profits but block you from making withdrawals.