Learn Crypto with Bit.Fan Academy
From beginner to advanced — master exchanges, wallets and blockchain essentials
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How to Buy Bitcoin in Australia Safely
To buy bitcoin in Australia, choose a compliant service, verify your account, start with a small purchase, and focus on wallet security and scams.
How to Use a Bitcoin ATM Safely
How to use a bitcoin ATM: set up your wallet, verify fees and identity steps, scan the right address, and avoid scam instructions from strangers.
How to Make Money With Bitcoin Safely
How to make money bitcoin starts with picking the right method, managing risk, and avoiding scams instead of chasing fast returns.
How to Buy Bitcoin: A Beginner Step-by-Step Guide
How to buy bitcoin: choose a trusted exchange, verify your identity, make a small test purchase, and store BTC with care.
How to Cash Bitcoin Safely Step by Step
To cash bitcoin, choose a trusted selling channel, verify your account, sell BTC, and confirm funds before releasing assets.
How to Get Free Bitcoin Without Falling for Scams
How to get free bitcoin: yes, but usually only in small amounts. Learn the real methods, the limits, and the scam signs to avoid.
What Is a Honeypot Crypto Scam?
A honeypot crypto scam is a malicious token setup that allows you to buy crypto but prevents you from selling or withdrawing it, resulting in trapped funds. In 2026, honeypots remain one of the most common traps on DEXs, with scammers using more sophisticated contract kicks and even ready-made scam templates. They work in one of two ways. The most common involves tokens that can’t be sold or transferred due to hidden contract restrictions. Another method is more hands-on and involves sending tokens to a scammer’s wallet. Ultimately, the tokens can’t be withdrawn. In this guide, we’ll detail the two types of honeypot crypto scams and learn what to look for to avoid becoming a honeypot statistic. Let’s dig in. Honeypot Crypto Scam Meaning A crypto honeypot is a scam that tempts crypto users into losing their valuable tokens, such as ETH or SOL. The scam can work in two ways, with both methods using a flawed contract. The more commonly seen honeypot involves tokens, often meme coins, sold on decentralized exchanges. However, a function of the token blacklists buyers, making the token impossible to sell again. In 2026, honeypots are increasingly deployed using pre-built “honeyport-as-a-service” kits that allow even non-technical scammers to launch malicious tokens easily. In 2025, crypto hacks, exploits, and compromises cost investors more than $3.4 billion, with analysts claiming that the real figure is significantly higher because of underreporting. However, most scams go unreported within the crypto industry. Here’s a list of different types of crypto scams, and how they work.
