Hello all,
I am new to this whole bitcoin thing and know very little about it.
A few days ago I got added to a Telegram group which is run by a bitcoin & binary trader.
I am being proposed 100% ROI, with the trader claiming 95%+ success rate.
If I invest $500, I will get back $5000 within 5 days.
So, my question is - how do I know if this is legit or not before investing?
Their fees would be 15%.
Thanks
It's likely 95% scam, there are already many types of fraud. before that you need to look at the history of the group and who the trader is, first you have to understand is as much information as possible you should know the information in crypto because the mode of fraud is very numerous and varied.
Scammers often target new users so be careful, you can also ask the members here or people you know in the crypto world to get advice.
100% ROI is looks like a scam project, there are always risk so there should no project that 100% guaranteed the ROI. Fraud projects are keep increasing so we should not just put our money in an investment if we do not know what are the information inside in it. Fraud projects are most likely promising 100% return in just days or even weeks and for me it is something's fishy.