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Bitcoin frauds In Canada alone there had been 1.7 million dollars stolen through crypto fraud in 2017 which is more than double 2016 which equates to 5 times more than year 2015. So if you add that to the estimate frauds in the US, China, Russia, England and Korea including all of the other countries that have fallen victim to the scams and frauds and compare it to how much money there is in the crypto currency, you would be left wondering how much of the money is legitimate and how much is fake! Unfortunately, with bitcoin and cryptocurrencies in general there are a lot of scams and frauds out there that people fall victim too especially new to bitcoin or new to crypto currency people. Some of these people could be tempted by the get rich quick thought or the desperate or looking to better their lives. Unfortunately, there are people out there preying on people that are new and vulnerable! Some of the scams and frauds to watch out for are on social media where a hug...

Becarefull and aware of sites that offer you bitcoin for free or free bitcoin. there are some scams out there now offering people to take a look at a few surveys then offer free bitcoin at the end of the survey. this is a virus or a hack to get into your bitcoin wallet as they require your information. never give this out to anyone because it would be like giving someone access to your bank account!