Post
Topic
Board Beginners & Help
Re: How do I avoid and identify scams?
by
lalabotax
on 21/07/2023, 21:27:50 UTC
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.
The best step to avoid scams is to avoid investing in new projects. Because no matter how convincing the project looks, we will not know for sure if it is really legit or just a scam. because all this time, more and more scammers are making their scam projects as if they look very legit. In fact, they also have hundreds of thousands of followers on their social media which are quite active. What's more, there is not only the danger of scam projects but also projects that are easy to pull out, this is because of the hype. So don't get hooked on the hype project too easily. Or, also avoid investing in platforms that look too good to be true, let alone promise super high profits in a short time, this is also one of the characteristics of a scam.