Learn Crypto with Bit.Fan Academy

From beginner to advanced — master exchanges, wallets and blockchain essentials

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Should I Buy Bitcoin? A Practical Decision Framework

Should I buy Bitcoin? Start with risk, time horizon, position size, and custody, not hype or fear of missing out.

How to Buy Bitcoin on PayPal: Fees, Country Limits, Withdrawal Rules, and What to Watch For

How to buy bitcoin on PayPal starts with checking availability, fees, withdrawal rules, and account security before placing a small test order.

How to Check if You Have Bitcoin

To find if you have bitcoin, review old exchange accounts, wallet apps, email records, and backups, then confirm whether you control the wallet.

How to Buy Bitcoin in an IRA Safely

To buy bitcoin in an IRA, first verify account eligibility, custody, fees, and transfer rules before placing any trade.

How to Buy Bitcoin With a Credit or Debit Card: Real Fees, Declines, and Safety Rules (2026)

How to buy bitcoin with card: choose a compliant service, verify your identity, check fees, test with a small purchase, and secure your BTC.

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 Ultimately, the tokens can’t be withdrawn.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.

What is Bitcoin Mining?

Bitcoin mining refers to the process of adding new blocks to the Bitcoin blockchain using a consensus mechanism called proof of work (PoW) that requires the entire network to agree on the validity of transactions. Bitcoin miners around the world compete for the chance to add a new block and earn the block rewards paid in bitcoins. One recent block earned a 6.25 bitcoin mining reward plus 7.10 bitcoins in network fees. In this guide, we’ll explain how Bitcoin mining works as well as the pros and cons of mining Bitcoin.