How to identify fraudulent in crypto currencies projects?

[jappy 1129]

This has always been very bad, there are some platforms that advertise making people believe that they can buy btc with a large amount of discount when this is totally false and since before its inception they already want to scam.

[Michar1 1693]

I personally consider that the best option is to make a personal analysis, with which we reach the best conclusion, with which we decide whether or not it is safe to make an investment, something important is never to be guided by others. 

[Lokeloke 576]

On 4/9/2020 at 11:17 AM, SuperCrypto said:

Professionalism of the site design is sometimes an indication of the seriousness of the project or not. Any successful project must include professional developers and designers to promote the project, and it should not take place without any concern.

All the aforementioned in your post may still be in place and the investment will still be a fraud industry, but if you verify all what the poster said, you'll have more assurance that it's not a scam

[yulitzacalvete 1366]

It is really unfortunate when they are fraudulent projects that are only created with the intention of scamming users, so in the same way you have to be very aware of these types of scams and go for safe projects and backed by safe companies.

[Syriana 350]

Thank you very much, my friend. It is really good advice for everyone. We must be careful about fraud, make sure of the quality of the submitted project and its owner, and search for it well before getting involved because they are using multiple methods and means in fraud.

[Goyaa 2414]

Yes, there are so many crypto currency scam projects that are difficult to identify, finding out about partnerships and checking who is behind the project is not enough, because basically all projects must have a partnership and a project team. I can't identify a scam project because it's difficult, it's better that I don't invest in the project because trading is much safer.

[khan22 3478]

On 4/9/2020 at 2:28 PM, SuperCrypto said:

In the world of cryptocurrencies, we encounter a lot of fraud and fraud on a daily basis. Some fraudulent currency projects have recently appeared that deceived many investors.
How do you know if a cryptocurrency is a serious project or just a scam?

Tips for detecting fraud and fraud
There are some lessons that can be learned that can help you avoid scams and have categorized them as follows:

• The question of who is behind the project: Find the company, the founders and the project team, check out their social media pages.
• Partnership: Many Crypto projects claim that they have entered into many partnerships with big and well-known names but in reality they may be just their users and customers so this must be verified.
• Checking the project on news sites: I recommend checking the type of newspaper articles about the project to see if they are written objectively, or published as part of a public relations campaign.
• Reaching the moon: It is a common term for misleading and may be merely propaganda in favor of parties affiliated with the project aiming at deceiving and gathering the largest possible number of investors.

 

These were some tips and guidelines that can help you and make you familiar with even a little bit about the way fraudulent operations proceed. And please if you have other suggestions to add to the site and enrich it.

 

I am not invested in the new coins becasue these coins can give us good loss at first if you invest then withdraw you money in just a week and after two weeks you see that the coin is dumb and we are in loss at that time.

[teebasas 3018]

Thank you for sharing this information. We must be cautious of fraud sites. The most important thing is to verify the site, the date it was created, and proof of payment until we know that the site is reliable.

[Nupeboy 627]

Thank you for giving us this tips on how to recognise fraudulent it will really help us because without this your post a lot of us will not be able to know how the fraudulent deceive people 

[koynayak 1923]

This is a very informative post for all of us. I get fraud 2 times. It's really hard to understand whic ico is trustable whic one isn't. Some of them were looking legit but in the end they dissapear after the presale. There's a huge ico fraud in crypto and we should all have to be very careful. There was a website call scamadvisor, if you want to invest some ico you can check it from there. You should also need to read their whitepaper.

[True legend 554]

I think if members can really follow this guide on how to escape from fraud, we should endeavor to try and check the sites web page just as the author state, check there social media platforms, with this reviews you should be able to understand how legit it really is

[Lapulga04 259]

On 4/9/2020 at 10:28 AM, SuperCrypto said:

In the world of cryptocurrencies, we encounter a lot of fraud and fraud on a daily basis. Some fraudulent currency projects have recently appeared that deceived many investors.
How do you know if a cryptocurrency is a serious project or just a scam?

Tips for detecting fraud and fraud
There are some lessons that can be learned that can help you avoid scams and have categorized them as follows:

• The question of who is behind the project: Find the company, the founders and the project team, check out their social media pages.
• Partnership: Many Crypto projects claim that they have entered into many partnerships with big and well-known names but in reality they may be just their users and customers so this must be verified.
• Checking the project on news sites: I recommend checking the type of newspaper articles about the project to see if they are written objectively, or published as part of a public relations campaign.
• Reaching the moon: It is a common term for misleading and may be merely propaganda in favor of parties affiliated with the project aiming at deceiving and gathering the largest possible number of investors.

 

These were some tips and guidelines that can help you and make you familiar with even a little bit about the way fraudulent operations proceed. And please if you have other suggestions to add to the site and enrich it.

 

Thanks alot friend for taking your time to share this informative article with members of the forum especially beginners like myself, the desire to make multiple huge profit seems to be the main reason why most people fall for this traps. Will try as much to take into consideration the highlighted points while dealing.

[P A Ashif 2409]

Many of the time its very simple to understand who is fraud and who is genuine. Actually you have to keep in mind. Nobody will approach you without seeing his own profit. If someone offers you something then he is going to take back more most of the times. So why take risk. 

Fake crypto projects promises that are not possible. So don't give a chance to those. 

[Msh9 84]

This is an extremely important topic for everyone. We are vulnerable at any moment to fraud and theft if we are not vigilant because there are. Many fraudsters work with us on this encryption, so avoid sending any information to anyone and keep it yourself.

[Shantos 825]

Thank you. for providing this useful information for this great platform, you have state many tips for us to detect the fraud stars in this great forum. Because their are many fraud stars, that are operating this great platform.

[Samotokika 1780]

On 4/9/2020 at 2:28 PM, SuperCrypto said:

In the world of cryptocurrencies, we encounter a lot of fraud and fraud on a daily basis. Some fraudulent currency projects have recently appeared that deceived many investors.
How do you know if a cryptocurrency is a serious project or just a scam?

Tips for detecting fraud and fraud
There are some lessons that can be learned that can help you avoid scams and have categorized them as follows:

• The question of who is behind the project: Find the company, the founders and the project team, check out their social media pages.
• Partnership: Many Crypto projects claim that they have entered into many partnerships with big and well-known names but in reality they may be just their users and customers so this must be verified.
• Checking the project on news sites: I recommend checking the type of newspaper articles about the project to see if they are written objectively, or published as part of a public relations campaign.
• Reaching the moon: It is a common term for misleading and may be merely propaganda in favor of parties affiliated with the project aiming at deceiving and gathering the largest possible number of investors.

 

These were some tips and guidelines that can help you and make you familiar with even a little bit about the way fraudulent operations proceed. And please if you have other suggestions to add to the site and enrich it.

 

Yes dude you are right that research is very much important to be safe from scammers and fraudlent because people giving you eye catching fake offers and they make you fool in this way and steal your money so be safe from such kind of people  and unathentic sites.

Edited January 10, 2021 by Samotokika

[selfmade 7]

I have never heard of such a way and I do not think there is one, because blockchain have a strong security and most of the coins are decentralized.

[ibrahim halil anaç 138]

First of all, thank you very much for informing us about fraud in crypto projects. The information you have given is very accurate but not sufficient; In addition to the information provided, the supply of the crypto money released in the market is very important. Check out the supply price charts from the date the cryptocurrency was launched to the present. Compare the supply with the price. If the supply is uncertain, stay away. If a newly released crypto money has been on the rise in a very short time, it is necessary to stay away from that crypto money.

[Zains031 426]

Thanks alot my dear friend for sharing this useful and important information with us... Because many of the scammers come to the crypto market so we not identify... Through these tips we easily know about and be safe from this... All the newbies read this posts Care fully and safe from the scammers...

[Pereira 2303]

Has everyone at some point of our beginnings in the cryptographic world happened to us or it may be happening to us, for these reasons I will give you the advice that has worked for me in personal criteria and is to enter the specifications of the currencies that are in launch or are already listed. What I mean, see their volume, how many there are, trade, everything. This helps to inspect how much money they have invested, if it is a respectable project they have to invest a large sum of money, fraudulent projects invest very little money. Another unstable point is to look for information from people on the network, if the project is validated and all the information, after all these guidelines you can make the decision to enter or consider that it is a fraudulent project.

 

Friends beware of these fraudulent projects, we can lose a lot of money with them and be scammed, it is preferable to spend some time looking for all the information than to make the decision at once and be scammed, beware of scammers.

[betelihem 4766]

19 hours ago, 3M1nv said:

This topic is very good for beginners so that they learn very well how we have to avoid a scam, friends, so we have to do a lot of research to know what we do and not have any problem when working with a project.

Yeah cryptocurrency world is full of scammers and fraudulent persons and platforms, most times its very hard to spot a scam platforms, but the only thing that we have to do is not to deposit or send our moneys to any platforms that we don't know 100%.

[DC71 169]

If we focus on these points that you mention in your post we can easily identify that this cryptocurrency project is real or fake. Many people lose their money because they are investing in fake and scam project which is running by the unknown person

[Mehar446 280]

Yes there are a lot of websites that gather this data for general public. Most of the ICO or IEO get a rating from review sites like ICOBENCH OR ICOMARKS. You should read this review as this is very useful in gathering important info about any upcoming project.

[MoralStories 1127]

now there are many screens on the name of new projects and we cannot see which are good and which are not and which one would be there in future so you are told points are very much helpful

[Adam786 560]

Thank you very much for sharing this useful and kind information with us you make a great post for the help of all members to avoid the fruadestor I hope all members will follow your tips and get safe from the scammers .