In this article
Investment and crypto scams often start with a friendly message on social media, a dating app or a wrong-number text. Over days or weeks the scammer builds trust, then introduces a trading platform or crypto opportunity that seems to make money fast.
How the trap works
- You start with a small deposit and the platform shows quick profits.
- You may even withdraw a small amount, which builds trust.
- You are encouraged to invest more, sometimes borrowed money.
- When you try to withdraw, new "taxes", "fees" or "verification deposits" appear. The money never comes out.
Warning signs
- Guaranteed or very high returns with no risk.
- Pressure to act now and to keep it secret from family or your bank.
- A platform you can only reach through a link they send, not through an official app store or a regulated broker.
- Payment by crypto or transfers to private accounts.
- Fees you must pay before you can withdraw.
Check before you invest
Check whether the company is authorised by your country's financial regulator, and search its exact web address here. Never pay a fee to release your own money.
A platform showing large profits on screen does not mean the money exists. Fake dashboards are easy to build.
Already sent money? Follow our plan for the first hour after a scam.
Frequently asked questions
How do I know if a trading platform is real?
Check that the company is authorised by your country’s financial regulator and that you can reach it without a link sent by a stranger.
Why can’t I withdraw my profits?
If a platform asks for taxes, fees or deposits before you can withdraw, it is almost certainly a scam. Do not pay more.
