Three ways to find fake currencies on the Yobit

[Mizan 96]

Is true? Youbit listed any fack currencie?

I don't think so.coz youbit is a big platform. Where we can exchange many cryptocurrency

[Ummita 303]

Thanks for sharing this and explaining it more in details. We just have to be careful and make proper research before jumping into anything and avoid falling a victim of scam. 

[scorpiali 5626]

20 hours ago, SHAABAN199 said:

Three ways to find fake currencies on the Yobit platform:

1- Before investing in any currency I am looking for on this site (https://coinmarketcap.com) for currencies, this does not mean that every currency on this site is a real currency.

2- Search for the currency within its official website, form, and white papers, in addition to the currency road map

3- Don't invest immediately, wait and slow, as fraudulent currencies go up quickly and fall faster in less than a minute

There are many other ways to find fake coins ... and every trader has his own way of finding the right path

It was pointed out that impulsion and impatience are the most important factors in the loss, so you are waiting and not rushing, because the stock market in general or trading is what "

Except for an attempt from a patient merchant to a less impatient dealer

 

Really thankful for this advise because we all know that Yobit have a lots of scam coins and we really need some advice like that, you can add also to see if the coins is tradable and have a volume too

[Abiaan 1209]

seriously is there any fake coins on Yobit ??? i never knew that , i have been trading with those and earned much more but i dont really keep it for the long time , and never seen it falling down too quick , tho i will be careful on that now on , thanks for the information

[Honny143 13612]

I see so many coin in yobit exchange are priceless are dead coins thanks for share this interesting and knowledge to awareness about fake coins in yobit exchange really you do good job to help with this topic research the coin when you invest then try this coins because it help to safe your amount not the victim of this fake coins 

[Gg233 1061]

Well you are right thank you for this, I do not know if they are fake but I prefer to say that they are dead coins and take years before they show up and their price really cheap.

[Sedy 670]

21 hours ago, SHAABAN199 said:

Three ways to find fake currencies on the Yobit platform:

1- Before investing in any currency I am looking for on this site (https://coinmarketcap.com) for currencies, this does not mean that every currency on this site is a real currency.

2- Search for the currency within its official website, form, and white papers, in addition to the currency road map

3- Don't invest immediately, wait and slow, as fraudulent currencies go up quickly and fall faster in less than a minute

There are many other ways to find fake coins ... and every trader has his own way of finding the right path

It was pointed out that impulsion and impatience are the most important factors in the loss, so you are waiting and not rushing, because the stock market in general or trading is what "

Except for an attempt from a patient merchant to a less impatient dealer

 

Is there even a fake coin ?! You must be delusional .. why would anybody put up a fake coin in the crypto world.? I have never came across such thing as fake crypto currency ,I'm sure you meant scams. As every crypto currency exchange has a value in it. 

[Zaino34 0]

Thank you for providing this information, but what does it mean if the currency is fake? Is it not true?

I don t understand what that means

Or do you mean that the currency has a very low value?

[Sid 589]

I agree with the OP, other than that we have to see what daily trading volume. Because for coins that include shitcoin the trading volume is usually low and the price movement is very drastic in a short time.

[razib2227 171]

Thank you for sharing valuable and important information about online fraud,  these are pretty easy steps to not to get foolish about spams.

[Naga 1250]

i think it doesn't need 3 reasons or any research because dead coins on yobit are so obvious because they dont have any trading volumes for months.

[talo122 735]

Fake coins(if they excist on Yobit in the first place) dont needs much thinking and search to know if they are fake or not, because usually this type of coins have a very small volume, so the rule is stay a way from low volume coin and you will be safe. 

[Seijcat 747]

Thanks for this information that yoi shared. This will be serve as guide and reminder to be aware as some people like me is just new to investing or have plans to invest.

[rumanrt52 293]

hi.

I am new in Cryptotalk. recently I join in this site. before joining here I don't have any experience about cryptocurrency business. also I have a account and yobit.your post is very helpful for me. thank you so much for your information. 

[bliznec 22268]

Basically, I look and analyze, according to the volume of trading. If there are no volumes, then this coin is not worth buying. 

[BTC Future 3946]

On 1/31/2020 at 12:37 PM, SHAABAN199 said:

Three ways to find fake currencies on the Yobit platform:

1- Before investing in any currency I am looking for on this site (https://coinmarketcap.com) for currencies, this does not mean that every currency on this site is a real currency.

2- Search for the currency within its official website, form, and white papers, in addition to the currency road map

3- Don't invest immediately, wait and slow, as fraudulent currencies go up quickly and fall faster in less than a minute

While coinmarketcap is a great source of information for altcoins and provides links with useful information about a project, still they have certain rules in order to list projects in their index services.

They have as rule the coin to have a certain amount of volume and to be traded in at least two exchanges.

Sometime they bend these rules though and list random coins for their own reasons. Still usually if a coin is traded only in one exchange it does not get listed there.

[Ahmeddominik 126]

1 hour ago, mitsutech said:

To find fake crypto currency i think you need to see first the volume of the coins you want to invest and also the buy and order ranges not. 

This is true and I am searching for currencies to invest in

[wanqc 8]

thank you, very beautiful post and help new users not to make a wrong move ...

[NIVLEM 172]

Thanks for that info. Now im aware and take extra careful in investing coin. I will try using that coinmarketcap.

[thunder2717 23]

On 1/31/2020 at 6:37 PM, SHAABAN199 said:

Three ways to find fake currencies on the Yobit platform:

1- Before investing in any currency I am looking for on this site (https://coinmarketcap.com) for currencies, this does not mean that every currency on this site is a real currency.

2- Search for the currency within its official website, form, and white papers, in addition to the currency road map

3- Don't invest immediately, wait and slow, as fraudulent currencies go up quickly and fall faster in less than a minute

There are many other ways to find fake coins ... and every trader has his own way of finding the right path

It was pointed out that impulsion and impatience are the most important factors in the loss, so you are waiting and not rushing, because the stock market in general or trading is what "

Except for an attempt from a patient merchant to a less impatient dealer

 

There are lot of coins in yobit that are mostly inactive based on what I had observed with this platform actually. 

Sometimes I got wondered why this coins despite of not having a volume and its inactivity too, why yobit platform is not delisting this type of a coin? does yobit itself is the one make pump and dump to most of the inactive coins to their own platform? just asking.

[AmjadBydn 0]

I dont know what do you mean by saying fake cryptocurrencies , if you mean bad or weak projects you will know that by doing basic research before investing

[MuhammadSh 3067]

these are really important things which everybody have to know them!

there are a lot of people just start trading without having enough knowledge about the coin which they want to trade with!

[mehek380 333]

First of all, thanks for sharing the information. But does yobit really contain fake currency because its a little hard to believe that. Though as you said I will do a research about it. Thank you.

[Cryptotakl1 0]

Most and appropriate way to find about project we can saw on .i make very good warning from that 

[Razan alikac 1899]

Do you mean my friend counterfeit coins, which are of no value? Is it on Yobit? And thank you for the rest of the good advice ..