Documentation

  1. Home
  2. Documentation
  3. Complete NFT Course
  4. Avoiding NFT scams as a beginner
  5. Popular scams in the NFT Space
  6. Bidding Scams

Bidding Scams

These scams commonly occur in the secondary market. They occur mostly with the reselling of NFTs that have already been purchased once. These scams are executed when you list your NFTs for sale. Bidders might change the cryptocurrency used without your knowledge. This cryptocurrency change could have you earning a much lesser amount than you are supposed to. Take, for instance, how 5 ETH has a different value from $5, even though the figures are the same.

Was this article helpful to you? Yes No

How can we help?