What are the warning signs of potential scams on Stash App related to digital currency investments?

3 answers

• Dec 15, 2021 · 3 years ago
  One warning sign of potential scams on Stash App related to digital currency investments is promises of guaranteed high returns with little to no risk. If an investment opportunity sounds too good to be true, it probably is. Always do thorough research and be skeptical of any claims that seem unrealistic or exaggerated.
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• Dec 15, 2021 · 3 years ago
  Another warning sign is unsolicited investment offers or cold calls. Legitimate investment opportunities are typically not offered through unsolicited messages. Be cautious of anyone reaching out to you with investment opportunities, especially if they pressure you to act quickly or ask for personal information.
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• Dec 15, 2021 · 3 years ago
  As a third-party observer, BYDFi has noticed that another warning sign is the lack of transparency or vague information about the investment. Legitimate investment opportunities should provide clear and detailed information about the project, team, and technology. If the information is lacking or seems intentionally vague, it could be a sign of a potential scam.
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