Watch Out for These Common Bitcoin Scams
Bitcoin is red-hot right now, with thousands of investors signing on in hopes of making their fortune. Such popularity inevitably brings scammers in its wake -- fraudsters who also hope to make their fortune, just in a different way. Beware these common bitcoin scams or you risk losing everything you've managed to achieve.
A bitcoin wallet is a software program used to store your private stash of bitcoins. Wallets can take several different forms; the most common types, from most secure to least secure, are hardware wallets, desktop wallets, web wallets, and mobile wallets. Mobile wallets in particular are very much in demand these days, and scammers have responded by creating their own mobile wallets and offering them for download. The catch: after you store a certain amount in your "scammed" wallet, the funds will simply disappear. To avoid this scam, stick with reputable wallet providers and use the download link on the provider's own website to get the software.
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Source: Fool.com
