News: Crypto Scam Bots Are Fun!

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Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic

Cryptocurrency scam bots are back in style! The main mechanism though being old the new scam bots the look is completely new. For the beginners, here is the answer to the question they might be continuously thinking,
What are trading Bots? So here is the answer, Trading Bots is a software program that interacts directly with financial exchanges and places, buys or sells orders on your behalf after analyzing and interpreting the market data. They are programmed in such a way that they examine the market in an efficient way based on your tastes and preferences and they do so quite effectively.
Trading bots are different but the ones we are talking about are scam bots. These scam bots lure customers by providing them an offer of free Ethereum distribution and them as the victims to “verify their Ethereum address” which will lead to doubling and increasing of Ethereum in their digital wallets but real transactions will really never ever follow up.
These scam bots have returned and this time with a new makeover, when the bots started they were the impersonation of its founder Vitalik Buterin and eventually adopted a most famous identity of none other than Elon Musk, CEO of Space X, associated with Tesla and co-founder of Paypal.
But seriously these scam bots are designed to cheat people but people should make sure that they stay away from scam bots and do not feel that ‘Ethereum giveaway’ is a reality. Scam should be avoided by people and that can be done through awareness and this awareness is enhanced if the campaigning against scams is done in an appealing and innovative way and scam bots on Twitter are such an example. If people are conscious they do not fall in any kind of trap then the scam automatically does not take place in any sector.

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