As cryptocurrencies like bitcoin surge in popularity, so do scams.
As seen in the cryptocurrency subreddit, scammers have found a way to make their website addresses (URLs) look just like the authentic URLs of some popular cryptocurrency exchange sites, like Binance and Bittrex.
Unfortunately for the unsuspecting crypto trader, using your login credentials on a scam site can lead to theft of your cryptocurrency or your regular government-minted money.AdvertisementCautious cryptocurrency traders are absolutely right to look for that green "https" tag that usually comes before a website's URL in a browser address bar. That tag helps users identify if a website is legitimate or not. But they may want to have a closer look at the URL next time they sign into their cryptocurrency exchange.
Check out how scammers can get by your defenses, even if you think you're being vigilant:
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Usually, you can tell if a website isn't legitimate if it doesn't have the green "https" that comes before a website's URL.
But some scammers have found ways to display the green "Secure" and "https" in the website URL address, and they make an incredibly subtle change to the site's address.
A closer look reveals small dots under each instances of the letter "n" in the word "binance," which shouldn't be there.
Even if you're vigilant, those two dots in the Binance URL are hard to notice.
Here's another scam site impersonating the popular Bittrex cryptocurrency exchange site.
How to avoid scam sites that impersonate real, legitimate sites