Learn How To Identify And Avoid Cryptocurrency SCAM

The cryptocurrency market is going very popular these days. But the cryptocurrency scam is growing day by day. If you are new in the industry you must be aware of these types of scams.

Now let's talk about how you can tell that a cryptocurrency is a scam That's why our biggest problem today is when it comes to investing there are many cryptocurrency startups and most of them are SCAMs. So, if you're ready for our topic today.

The rise of blockchain and of cryptocurrency is truly amazing. Really when you see it, you see their results, You will definitely be inspired to invest in it. Many are evolving trading models and these trading models can really attract more people to invest in it. But it is also one of the reasons why many SCAMMERS are outgoing. 

Some years the cryptocurrency has been as good. The positive side to this is that as blockchain and cryptocurrency grow so fast Many people earn big and many people are willing to invest in it. On the negative side, though, this is another person's opportunity for fraud and scam; they make it an instrument for human consumption. 

Now the question is how can you identify a scammer? I will provide you with different types of SCAM when it comes to Cryptocurrency and blockchain number here is what we call fake ico's.

One of the easiest ways to conduct a SCAM is to create and market the Fraudulent Primary Coin Offer Project. An ICO is one of the ways a legal business can make money using crowdfunding. Many ICO's work in the white paper, promote marketing campaigns on social media, post token information on stock exchanges, and co-conduct fake sales of tokens. But these ICO's behind it are SCAMMERS. 

These are the ones who invest when you can earn 1,000%, 450%, 300% profit in ICO's but once you invest in it there is no value. There is a study in 2017 80% of ICOs found out that is a FRAUD And the most popular one here is Confido And the biggest ICO SCAM is SENTRAL, which has SCAM for $ 32 Million. That's how much money they SCAM with people.

Now, how can we avoid this kind of scam?

1. Always check the quality of the whitepaper. When a Company has a great money-back promise, or Too Good to be True The answer is only one. That's SCAM Is there a legal roadmap for that token? is there proof of concept? If not, It's SCAM to the big question here, is to find out if it's a scam or not. 

Whether their support solves the problem or not? if not, it's a SCAM. Does it have an exchange platform? Is that coin or token that you can convert to another cryptocurrency or currency? If not, it's a SCAM.

Share or create a discussion with your friends or what community you're in Join. What they think of the company or a cryptocurrency. That's the way you can avoid fake ICOs.

1. Let's go to number two, the Cloned Fishing Websites meaning a cloned website, they are copying an original website and they promote it to people until they get personal information to use for a scam. There are Websites that are easy to identify as SCAM.  But there are cloned sites that are difficult to identify, which is what we call a professional scammer. How can I say? What scammers do, is the original URL they replace or replicate. For example, the "o" they would replace the big letter "O" now the question is how can you avoid it? How can you avoid cloned websites and what can you do to avoid being victimized? Always check the URL you should always check the URL to see if the URL is correct.

So these are some important tips you should know before investing in cryptocurrency. Be aware of scammers. Do full navigation about the company before investing money.