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.
That is the very first thing to do and we have to anticipate the situation that new projects often turn a scam. In fact, there are a lot of promising projects that we know already and I don't think we have to risk investing in new projects. However, we can't just disclose the fact that because of the influence of known personalities, many individuals get fooled by such promising words and invested in the wrong projects believing that it was a good investment as was been said by the promoters.