Last updated on Jan 31, 2014.
While the doge community is much awesome, there is no shortage of scams from criminal shibes trying to steal. Whether you’re buying or selling in the doge market, be sure to check the community blacklist to confirm you're not dealing with a scammer! This google doc is constantly being updated with naughty shibes.
The scammer arrives on site offering to double a persons coins. The scammer usually has alias accounts he controls that will take part or double the amount of dogecoin in small amounts. Eventually, the doubling gets bigger, luring out others who hope to successfully double a large number of dogecoin. Once the coins are sent, the scammer disappears with the coins.
DO NOT take part in doubling ever, event if it seems legit.
ALways search the user's name you're dealing with on the /r/dogemarket black list. Keep a keen eye for the name and any misspelling. If you happen to find multiple misspellings of the username on the black list, be extra careful in dealing with the user. To verify the individual, check their post history and see whether they are a reputable trader.
The scammer wants to buy / sell but is in a rush. They will typically ask you to "hurry things up" or "send it all in one quick trade". These scammers may also try to disguise themselves by doing small increments for the first few trades to build trust. They may suddenly say "Hey, I have to run" or tell you "something came up", asking you to send the rest of trade in one lump sum. If you proceed with this, the scammer will disappear with the cash / dogecoin.
Decline exchanging in one lump sum and continue the small increments. If the individual continually insists that they are unable to wait and can't perform the trade properly, your safest bet is to find another user to trade with. You're in control during the entire situation, since the scammer can't do anything until you send the cash / dogecoin.