Staying safe · Lesson 2 of 4
Common tricks
Most crypto scams follow a few patterns. Spot the pattern and you're most of the way to safe.
Most scams don't break anything technical. They talk you into handing over your secret, or into sending XRP yourself. Watch for these patterns:
- Fake support: someone offers to fix your wallet and asks for your seed, or asks you to "verify" it on a website. Real support never needs it.
- "Send some, get double back": a message or video, often pretending to be a famous person or company, promises to multiply whatever you send. Whatever you send is gone.
- Free tokens with a catch: anyone can create a token on the XRP Ledger and give it any name, so a token that looks official may not be. Be wary of offers that want you to sign something or pay a fee to claim them.
- Guaranteed returns: only scammers promise them.
- Hurry: pressure to act right now is a warning sign in itself.
Once a transaction is in a validated ledger, it's final. There's no bank to call and no way to undo it, which is exactly why scammers ask you to send first.
Sources
- What To Know About Cryptocurrency Scams (FTC) (checked 2026-10-22)
- How To Avoid a Scam (FTC) (checked 2026-10-22)
- Tokens (xrpl.org) (checked 2026-10-22)
- Canceling a Transaction (xrpl.org) (checked 2026-10-22)
General information about how the XRP Ledger works, not financial, legal or tax advice.