I recently stumbled on crypto based investment platform called allbullish and pennywise and am really skeptical about investing in it, the challenges of investing in most crypto investment platform is that most of this platforms lack regulations and continuity. How can one know a genuine crypto investment platform?
There are so many factors to consider before investing on such platforms/projects. Here's my list that I first check before spending my money for investment purposes:
[list=decimal]
- LEGAL DOCUMENTS - Of course, to know to validity and legitimacy of a platform, you should check if they are registered not only in a trusted web hosting platform, but also if they have any documents that proves they are good to operate. And with that, if ever they would scam you, you could simply make a case in its local government where they have registered.
- REVIEWS... FROM THIS FORUM - many reviews out there are often paid or just fake, there are even services in here that offers fake reviews on your stuffs. Hence, better check the forum's Reputation and Scam Accusation boards first so that you could have some insights from various crypto enthusiasts in here.