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How to avoid Bitcoin scams

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Bitcoin scams are on the rise as more internet fraudsters continue to attack cyberspace. Bitcoin is a decentralized currency, which means your transactions cannot be reversed. This has been both an advantage and a disadvantage to users, as you can’t possibly get a refund of your money if it is mistakenly sent to the wrong account. This is why extra precautions must be taken when dealing with bitcoin and other cryptocurrencies.


Bitcoin scams have significantly improved over the last few years. While $5 million was recorded to have been scammed off unsuspecting victims in 2017, about 5X of that amount for a total of $24 million was recorded in the first quarter of 2020. The numbers have increased over subsequent months and now more than ever, you need to take precautions to avoid bitcoin scams.


Choose Your App Wisely

The first thing you’ll need to get started with trading bitcoin is your bitcoin wallet and scammers often use this as bait to get naive people. There are several apps available today, including the Bitcoin UP app and there are key things to look out for when choosing one for yourself. Start by confirming the authenticity and reputation of the app; check the company that owns it and do your research to be sure they are who they claim to be.

For security purposes, check their website and ensure it is a secure platform. You should also ensure you aren’t downloading a fake mobile app; do this by checking for misspellings or a tweak in the logo that could make you mistaken it for the original.  

Other features to look out for include the transparency and the security measures in place. Check how tight the security is and it must especially include two-factor authentication. You may also want to check for user anonymity and reviews from previous users of the app.

Avoid Impostor Websites

This is quite a tricky one as anyone can create a website today and claim to be legit. However, there are ways to go about this to ensure you don’t fall victim. Check if the site is secure with the HTTPS prefix in the URL and always confirm that you’re not redirected to a different site for payment. If the payment site has a different URL, you are likely being scammed. There might also be deliberate attempts at mimicking legit websites by creating fake URLs and replacing one or two letters in it. Always type the link directly into your browser rather than clicking random links and assuming you’re on the right page.

Watch Out for Ridiculous Offers

Many people are looking for a get-rich-quick scheme and internet fraudsters tend to take advantage of that. Always look out for sites that promise you ridiculous return rates, discounts, or promotional offers. You should especially check if they are keen on you sending money within a short time frame to get a ridiculous offer back.

There will always be bitcoin scams everywhere but you can play your part in ensuring that you aren’t a victim.

The Nation

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Regina Daniel driving at top speed while drunk causes scare on social media

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Popular Nollywood actress Regina Daniel has sent fears down the spine of her fans after she decided to drive on a highway under the influence of alcohol.


A video sighted on social media sees the mother of one driving at top speed on a highway after she decided to spend sometime out.

According to what we gathered, she went in for a party alongside her friends and took in too much alcohol making her sober.

The video shows her finding it difficult to drive but she still went ahead and drove her expensive car home.

Watch the video below:

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Read some comments from netizens:

_ah_daeze: “Or high on drugs because of the mouth bittering”

pretty_tonia1_: “He loves her when she’s drunk ? it’s the Song for me ?????”

mune_delz: “Person go carry me dey drive like this and I go dey video? Ehn alaye you go drop me for road make I enter cab go house oh…”

goodestguy1: “Looks like drugs”

chiddy10: “That’s drugs not alcohol ?”

bobosticka: “This shows that u shouldn’t envy any1. All that glitters isn’t always gold. This is definitely not alcohol. Bt atleast she use seatbelt coupled wit a Mercedes jeep. She is safe?”

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Erica dragged to filth after she made a wish on twitter

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Entertainment News Erica dragged to filth after she made a wish on twitter
Previous article“I’m 23 and I need to live my best life” – Man shares chat with girlfriend who started calling him “bro” and later broke up with him after he lost his job

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Forbes names Ngozi Okonjo-Iweala Africa Person of the Year 2020

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Forbes has named Nigeria’s former Finance Minister, Ngozi Okonjo-Iweala as the Africa Person of the Year 2020.

Forbes Africa tweeted on Tuesday, Dec 1: “The 2020 #AfricanOftheYear Award honoree is…Congratulations to Dr. @NOlweala! Board Chair @Gavi; Board Chair @ARCapicity, gracing the cover of @forbesafrica.”

Reacting, Okonjo-Iweala, who is set to become the first African and first woman to lead the World Trade Organisation in its 25-year history, said she is thrilled.

She tweeted, “Thrilled to be named Forbes Africa-CNBC ‘2020 African of the Year’ following in the footsteps of my great brothers Paul Kagame and Akin Adesina.”

In 2019, Akinwumi Adesina, president of the African Development Bank (AfDB), won the award for his outstanding work at the bank and a sterling career in agriculture and finance.

Paul Kagame of Rwanda won the same award in 2018.

Other eminent Nigerians to have bagged the award are former Governor of the Central Bank of Nigeria Muhammad Sanusi II (2011) and Aliko Dangote (2014).

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