Different sources suggest that about €8 million are lost every day due to scams in the crypto environment and the numbers continue to grow. A lot of victims who were targeted by cryptocurrency scams are thought to lack experience or judgement in the field. Despite the fact that cryptocurrencies have been in market for almost 10 years, the question “is bitcoin a scam?” still lingers on some minds. The easiest explanation for this is that individuals fear what they do not understand: the exponential growth of the blockchain technology, of the variety of new coins in the market, of products to invest in or cryptocurrency-based projects to be a part of. This becomes the perfect fuel for most of the scams and malpractices in the financial field.
November 11-17 has been officially declared International Fraud Awareness Week 2018, a global joint effort made by business and governmental institutions to minimize the impact of fraud by educating and providing anti-fraud material to different communities. SpectroCoin has teamed up with more than 400 organisations and is taking part in the ACFE anti-fraud campaign.
SpectroCoin is more than happy to witness the rising number of customers who trust our platform. In exchange, we continue working to provide our users with the highest security performance. We believe that the basis of every great business is the collaboration between the company and its clients. For this reason, SpectroCoin is launching a Bug Bounty Program.
SpectroCoin is an all-in-one solution for cryptocurrencies founded in 2013. Over these 5 years of activity, we have built up a community of over 860,000 people and we are constantly working on making cryptocurrencies accessible for everyone. SpectroCoin offers convenient ways of sending and receiving funds, as well as payment processing solutions for merchants, and currently supports 250 countries and territories worldwide. This not only allows our clients to have an easy and convenient experience on our website, but it also grabs the attention of scammers. At our company, we go to great lengths to keep our clients’ information safe. Lately, we have noticed a surge in fake SpectroCoin scam websites. Thus, today, we would like to present to you some practical precautions that you can take in order to avoid common scams and frauds.
SpectroCoin, an all in one solution for cryptocurrencies, ensures the security of its user transactions by using Two Factor Authentication or 2FA method for transactions and is further enhancing its security by introducing this feature to log in as well.