Digital coins are the rave of the moment, and many African investors now bank on the opportunity to turn huge profits from relatively little investments coupled with perseverance and knowing the right time to trade them. But in the same vein, there is a growing number of online fraudsters looking to scam unsuspecting investors of their hard-earned coins.First of all, cryptocurrencies unlike other forms of exchange cannot actually be stolen, but an online fraudster can trick a hapless user into exchanging digital coins for local fiat currency, but the payment never gets delivered. It is very important for crypto traders in Africa to be aware of the risks involved in digital coin trading and ways to adequately guard against fraud.In Africa, many people trade on popular exchanges like NairaEX and ICE3X. However, trading on recognized platforms does not essentially eliminate the threat of someone claiming to be who they are not.
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