How to identify fraudulent in crypto currencies projects?

[DavCrypto 298]

Thanks for this valuable advice, I want to add to your words, there is a limited group of strong currencies that have a near-constant price, I do not recommend trading foreign currencies at all, at any moment may become a dead currency.

[Dark_Sky 8489]

On 4/10/2020 at 2:53 PM, Atif71 said:

I learn my experience never invest in these kind of investment programs who offer high return on our Investments you mention very important points how we can avoid scam project before you invest in any kind of program search properly

If they ask you for a high payment then much better to leave the site because high chance that that's a scam project. 

Much better to do some research or background about the project to avoid getting scam. 

[SuperCrypto 7193]

53 minutes ago, postonhai said:

Yes, it is a problem to determine which sites or projects are legit and which are same but I read your post. It will help us a lot in doing that. We all know that crypto field is very profitable but to get your earned money safe and sound, you have to know some basic security features.

Of course, a lot of reading and follow-up are useful for revealing these projects. Most of the blockchain projects are open source and general to all who have experience in the cryptography world. They can know how to search for Source Code. If the beginner finds Source Code, they are undoubtedly exposed to fraud.

[Ch Ayyan 9781]

This important  topic and helpful  to get rid of scammers  . It is too important  because  every  one want to earn  money but as theses days fraudulent  sites  increased  much so we need  to prevent  our selves from all of them. 

[Treat1234 0]

Fraudulent projects at always available in the cryptocurrency, they are still coming up and they will claim they are good projects, after their ico, they will become dead again

[SuperCrypto 7193]

9 hours ago, Sibat Hossain said:

Thank you a lot for your most informative and valuable post. Lots of people on the internet finds shortcut for earning. They become so greedy that they just deceive people and scamming them. What you have said is 100% a good way to prevent from fraud and scammers.

Therefore, it is necessary to read more about the projects and their methods in the cryptocurrency market in order to gain experience in distinguishing and knowing whether the cryptocurrency is a serious project or just a fraud.

[Captain Karim 0]

A good topic about preventing fraud methods, I think that the fraud methods do not end so every person should not trust any site before searching for a review about this site and reading people's opinions about it. Thank you

[Upright 2688]

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. 

It's agreeable that professional projects would hire professionals on creation of every layout of it, as when talking of the web site design, as even the scam or fraud projects, as if Ico still produce good design as when looking at their. White paper, project journal might kind of look so real, as sometimes is luck on Finding non fraud site

[Virgil dijk 1431]

This is really great , if Actually we could follow this step we will actually know which project is scam or not , so I think this information you shared is really helpful because in this present time there is a lot of fruaders.

[SuperCrypto 7193]

31 minutes ago, Upright said:

It's agreeable that professional projects would hire professionals on creation of every layout of it, as when talking of the web site design, as even the scam or fraud projects, as if Ico still produce good design as when looking at their. White paper, project journal might kind of look so real, as sometimes is luck on Finding non fraud site

The design of the project is really part of the truth but as a piece of advice that must be taken into consideration I think that newspaper articles on the project should be scrutinized to see if they were written objectively, or published as part of a promotion campaign.

[Zezo 306]

These are very important tips to avoid scammers. Although they always find new ways to catch investors

[Moaz 7239]

I think that these tips should be adhered to in order to detect fraud in cryptocurrency projects that have become many at the present time, unfortunately, we must search for a project this currency and make sure who is the founder of this project, whether individuals or companies

[Calvinpriva 17296]

You are right friend, there are many fake companies and they pretend to be under one of the largest and famous company in crypto so that we can believe them and invest our money. But we should also found the person behind that project, that will help us a lot to identify about that project if its legit or scam.

[SuperCrypto 7193]

12 hours ago, Moaz said:

I think that these tips should be adhered to in order to detect fraud in cryptocurrency projects that have become many at the present time, unfortunately, we must search for a project this currency and make sure who is the founder of this project, whether individuals or companies

The project team must be ascertained of their means of communication after the initial currency offer frauds became very common, as the founders generate a sensation about their project, to disappear as soon as the investors hand over their money.

[iloveyobit 6599]

There are many ways and secrets in order to check the quorum currencies and find their owners, for example, searching the sites designated for them, or just visiting the required currency channels in the Telegram.

[Zues 1069]

On 4/9/2020 at 5:35 PM, xpertt said:

This is a good thing to know especially when you were a first timer or a newbie to this kind of career, there are a lot of people getting fooled by scammer and that is the reason why we need to conduct our own research first before investing our money in a project that has a possibility that this project will scam you.

Yes I think that you are right and I think that it is important to the users of cryptocurrency and I think that it will be great for the new members here that is still exploring how they will earn in cryptocurrencies because they need to know how to differentiate frauds

[CryptoLover21 0]

Thank you for your kind information. We can see lots and lots websites to mine coins, exchange coin, invest coins which are increasing day by day we can't know which is fake or legit. But form your advice we can easily detect the fraudulent projects.

[Dark_Sky 8489]

On 4/10/2020 at 2:40 PM, fila said:

There are always indicators that something is up when it comes to fraudulent projects so we need to simply be aware when engaging into things like this and do lots of research around the topic.

That's right do some research before you proceed to avoid some unexpected things to happen and to have some background about it. 

[Omar Ommeish 4872]

On 4/10/2020 at 5:45 AM, Jay8 said:

you should never give keys which give access to your money. most scammers want this information. also never send money to any place for any reason

Yes you are right because with your keys anyone can steal your money and there are a lot of people who send messages so that we send money to one of the sites they give us and we must also block them.

[Thekingcallme 1975]

With these instructions, you can discover some fraudulent projects and sites, and you should always be careful and do not let greed affect you

[Zalaks007 543]

Thank you. This information you shared here will come a long way in helping many people on how to avoid and also detect any fraudulent investment. To add to what he said, always request for the projects white paper and make a research on the project team just to be sure.

[Sarahden111 1231]

First, through the company's headquarters and communicating with those in charge of the discussion communities and their answers to investors' questions As well as by searching, even knowing the owners of these projects, what are their achievements, their experiences, and what they do In addition to looking for the partnerships that the team made to consolidate its currency What are the future plans and what are the networks used for transportation? It is absolutely better for each person to do his own research that is convinced of.

 

Edited August 24, 2020 by Sarahden111

[TimopheyKa 3900]

Bro, hi! This is really very useful information. Recently, there have been a lot of different Scam projects, scammers. The main thing is to have good vision and visibility! The project always gives out its hidden chips. The main thing here is not to rush, and let him advance. Many people rush to do this, believing that this site will be able to promote them, but in the end, they lose all their funds!

[Fixfin 2569]

Interesting post as it is like how you described it. Most projects that talk about the price are usually the ones that only care about make money quickly and get out fast. Partnerships are important but can be fake and we should always make research and expose the fake projects if we find evidence.

 

Lately we have many in the DEFI space that they smell money and start making clones of projects that made it already. We have Sushi that the Nomi Chef developer already sold everything and now tries to clear his name from an exit scam. It may not be one but not very different.

[kryptonick 2659]

Don't trust, verify. This is what we must do with most alternative coins because it is never certain if what they announce is the truth. We have heard many projects claiming a lot and offered nothing. Take XRP for example claiming to be used by hundreds of banks for so many years now and what we find out is not exactly that.