Beware of these common cryptocurrency scams

More realistic scams:

Cloud mining
Giving money/ bitcoin to "traders" who promise returns
Bitcoin doublers, "blockchain hackers" etc
 
One of the bigger scams - links already shared on this forum - is the mining hardware scam. $4k for hardware that doesn't exist.
 
If you are knowledgeable about blockchain technology, reading the project’s whitepaper can shed light on whether the ICO is to fund a working prototype, or is just hot air.
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It's near impossible to filter out bunk ICO's. The lack of regulation means anyone with a flashy website and a well-written whitepaper can attract a decent chunk of investment. A scammer is able to write nearly as legitimate a whitepaper as a legit ICO.

Use wallets from reputable providers and preferably ones which do not store your private key – and are therefore unable to access your funds.
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Lazy writing.
You could point out that the user needs to hold their keys in the event that the wallet service stops functioning. Maybe give a quick example of what a key is. And you're only unable to access your funds if things go wrong - a provider which holds your key doesn't mean you can't access your funds. Luno holds your keys and we all access our funds just fine.
 
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