The crypto industry is littered with an endless stream of scams and ripoff sites. To an experienced user these sites are often easy to spot but for first-timers they can be a real menace. Many will promise crazy returns such as doubling your coins in two days, or 1000+ interest rates etc… these are obvious scams, but there are also scam sites with less dubious sounding claims that might seems reasonable, and tempting. It is a good idea to check any new site out on the forums at BitcoinTalk prior to signing up on these type of sites. If a site is known to be a scam, word will get around fast. We all get caught out from time to time but by being aware of the risks and taking steps to protect yourself most losses can be avoided.