Greetings BitcoinTalk Community,
Just in case for the Newbie, I want to share some precious information regarding Scam Crypto Projects and Legit. As you all know that there are many Scam projects introduced in the market and many new users become victims of those projects, So to avoid it you need to do the following:
1) Do Your Own Research (DYOR), instead of believing in the Project Team, Ads, Marketing, Hype, etc.
2) Avoid all the non-related users, who ask for payment or pretend to be a member of well-known projects, as actually, they are trying to Scam you by using different means, like:
If a project has Telegram Community and there is an admin with the name Dan Joe and you get a PM from the same name person, then dont just believe him/her as they can use the same name but you have to verify the user from the community or by cross-check his username by clicking on the user name.
3) If a project guarantee 100x or 200x profit return, then avoid such projects in terms of investment, as this is also a trick to trap you.
4) Avoid Low grade, Less Secure, & have no proof of record on CMC, Coingecko, etc projects.
5) In terms of real investment select those projects whose aim is to be listed on the Top exchanges like Binance, etc.
Please keep all the above basic points before involving any project. The most common and irritating Scam is the Telegram Scam, as each day you will have to avoid such users who claim to be a top manager or want to double your investment, etc.
Happy Crypto Trading.