How to Identify Cryptocurrency Scams

[yato987 2811]

for me i see it like when something offer you a big profits with a very small amount in return this is scam and you will end losing your money , bout coins , just watch out how it is doing in the market , what is its value and is it stable or not , you will be able to know if it is a scam or not

[Gluttony 1775]

The only thing that I learned about yobit exchange platform is to be able to avoid those individuals who are trying to commit a scam to other user. The website claimed that the way to avoid those individuals is to not give your necessary information for such thing that they are not doing this kind of thing. Which kind of make sense since they already know your necessary data information to their database. If you are actually looking for an airdrop and is trying to know whether it is a scam or not, try to assess first the steps they wanted you to do in order to claim the reward, if they somewhat wanted you to leak some of your essential data to gather information better turn back.

[Izeal 4404]

To identity the cryptocurrency is either legit or scam we can know by the volume and market capitalization. We can get many reviews from the sites which will be easier to distinguish that investing in that coin will profitable.

[Sugibengi 390]

Identifying in the crypto world about a scam, the way is if you want to invest in an ICO you can see whether the price of each coin offered is fair or not and you can track the ICO team, I think identifying an ICO scam is difficult. There are many scam methods, so you should be careful when someone asks to deposit funds with someone who is not known to be a scam.

[Cryptic 0]

On 10/26/2019 at 4:37 AM, dextrolker said:

How do people usually see if something in this cryptocurrencies world is a scam? Emails, websites, products, icos, etc... what is your way of protecting yourself from these scams?

When something is good to be true. Like you need to invest in low price but it will double in just a week, something like this. It is a bit fishy, so you need to be careful in any investment you are planning to join. Sometime using common sense is a best way to protect yourself from scamming. It is okay to be skeptical in everything.

[Doitagain 6]

scam will happens when their team broked,like one teammates betrayed with another,then they scamed. By experience,many people can find that which is scam.  

[gourav789 2834]

we can Consider alot of points before we are going To Join any project , 

a good project always have great and Verify team , they have good develop roadmap as well white paper . they have good security on website also have good Alexa ranking , they have good reviews on different different platform .

[Tunuu 2235]

A scammer is easy to be detected with anyone who is expert in what he does. We can detect them by fake offers because they are very many and by just common sense we can know them.

[Dorjoy12 8962]

If you talk About how to know  crypto site scam  then my advice to you those site like investment site can be fake, where they Will offer you to give 50 interest of your invest every day.. So this kind of site is fake becuase real investment site only give you 1% interest everyday like we get from yobit site            

[Jaafar Fahad Hassan 114]

Their are scam everywhere, identifying it is very difficult, only gurus find it less easy to identify, but to me anything airdrop in telegram is a scam, just make sure your password and email be secure always 

[Chief executive officer band 681]

23 hours ago, gourav789 said:

we can Consider alot of points before we are going To Join any project , 

a good project always have great and Verify team , they have good develop roadmap as well white paper . they have good security on website also have good Alexa ranking , they have good reviews on different different platform .

Therefore you require to be precise in any investment you are preparation to join. for a moment by everyday perceive is a greatest road to guard by hand from scamming. 

[Guru2050 8284]

22 hours ago, Jaafar Fahad Hassan said:

Their are scam everywhere, identifying it is very difficult, only gurus find it less easy to identify, but to me anything airdrop in telegram is a scam, just make sure your password and email be secure always 

Well you are right by saying scammers, hackers and fraudsters can be found everywhere both in Crypto world and outside Crypto currencies system.

But it's not only guru or senior members that find it simple, easy to recognize them. Even you too can identify them. 

How??

Good question

What you are expected to do, be extra careful and cautious with any sites claiming to offers free coins with out performing any task, links that claim to double your payments. Most of them leads to scammers.

First make a rigorous vetting, investigation and verification to confirm their legitimacy.

Further more you can search for the site reviews in trustpilot or alexa reviewing site.

[Zafarwaheed 0]

If you have some knowledge and experience on the cryptotalk world then you easily detect the scammers and hackers. But they usually show us a variety of earning sites but after some time they disappeared. So be aware from the scammers at the cryptotalk world.

[Maaz sultan 265]

There are so many scam sites that give you very profitable offers but after some time of work when you withdraw your earnings you are unable to withdraw these . To avoid these scam sites before registering on any crypto site you need to research well on internet there are so many sites and forums that review the sites Real or Fake .

[Rajeevgorai 95]

First the scammers will ask the users if they know about cryptominning. And then they wil say that you can earn alot of money from their they will gain your trust gradually and then they say that you will be resistered in the site and get your wallet. Thanks for asking this question 

[Mess3 10]

Simple in my opinion, don’t trust someone who offers you that if you invest in them you can achieve high profits in a short period of time, it is a scam.  If you want to invest in crypto, you can choose the top coinmarketcap.

[Mella 3680]

To protect me self from all these scames I am getting help and read a lot from cryptotalk there are many member that tell us what to do and to avoid all the scammers and the thief we can find in many software and websites. We are have to be very patients and not be greedy because they are count on greed and offer very good reward for sending them money first.

[Anamika3891 22]

It is easy... Most of them use 2 trick... One they will show uou a big profitable airdrop and tell you to send som coin and they will pay you... And other when you will be in problem... Like you have start a airdrop and they are paying all but you didn’t get any coin... so when you will massage in their help group some spamer msg you like an admin and they ask some think important question like they will say give me you email etc.. And then they will say you have transects here 1st and they will give you address to send btc, eth, like other coin or token... So i jope it will helo you to know...  

[Chandan Mandal 332]

Yup when we are active in this internet world we usually get the experience of scam because anything which is very hard to acheive and they say that it is easy than it is a clear indication of scam.

[Sykkuno 2887]

Usually we try to find who is behind the project and start researching. One step is to look at the website and try to find where it is registered and other information. Then we look at the team and other information we can find. If there are many strange things we read we always fear for the worst.

[Mike1515 2977]

Its not easy identifying one, but check on this, there is a way to which you are about to lose. I have a scam right now that is a bout to tare me down and its causing me a lot of problems and in the end there is a lot of work that is needed right now the right idea today is to understand what scammers do , the traits of a scammer, because in the end they will always be causing you a lot of trouble so its important you understand that

[khan22 3478]

On 10/26/2019 at 2:28 AM, Ghetto workout said:

I believe that with experience you can easily distinguish scam from a normal airdrop, due to improved analytical data and the resulting set with a list of trusted and relevant airdrops

Airdrops are normally scam now at first they give you some coins but now they are not send you any coins into your wallet becasue almost airdrops are scam and peoples just give you loss becasue in the airdrop they demand the coin sending fee and this is the main earning that they earn through us.

[sarahmoses202020 251]

On 10/25/2019 at 9:37 PM, dextrolker said:

How do people usually see if something in this cryptocurrencies world is a scam? Emails, websites, products, icos, etc... what is your way of protecting yourself from these scams?

Identifying scams actually is something that has do with experience. When you come up against a few scams you will find it easy to be able to figure out platforms and projects that are scams. It all depends on how many scams you have come across.

[safwan944 54]

Crypto world is full of scammers so always be careful to be scammed beside this i would say that one can easily get out of it just by ignoring the unnecessary mails and sites.Moreover greediness is the first and foremost way to avoid being scammed.

[Hridoy8050 12]

There are many scams in this cryptocoetrarence world.  I think the link you go to is the link you need to consider carefully.  These scams have no way of detecting a scam these days, as these scammers already had deal experience with customers.  Because you don't have to pay for a CO, you don't have to buy or invest a coin.  Therefore, this market will always attract the attention of various hacker and scammers. So you have to work very carefully.