Post
Topic
Board Beginners & Help
Re: How do I avoid and identify scams?
by
Bitcoin_people
on 19/07/2023, 06:32:53 UTC
We know that scam coins are everywhere, mainly advertised on social media, I spent time trying to know the exact way to fish out scam coins but to no avail, despite how inquisitive we could be to generate more funds for ourselves through Cryptocurrency investments and to try new things, we should also be much aware of the scam coins and their possible pernicious damage.

I agree that there are a lot of choices to make regarding cryptocurrency but early dictation of this proposed scam needs to be checked.

Am not much familiar with cryptocurrency, and that's why I need more guidance so that if eventual I see one, I will know how to handle it, this will help me to have a good knowledge on the path to settle for.

Cryptocurrency has the highest number of scam projects that will ask you to invest. They are mostly considered scam projects so it is better if you can avoid them. Many new investors who want to invest without experience are facing such scams on various social media. But if you notice one thing then you may not face such scams firstly you need to follow all the guides which will benefit you. Before investing in any coin recharge them well and monitor their websites well. Check the various sites of the project and then be aware of how free they are. If you find them perfectly fine then you can invest but altcoins are mostly scams with risk of losing money. So I will suggest you to avoid altcoins rather invest in bitcoin it will be good for you and will do good in future.