How to Identify Possible Crypto Scams ?
There are many Signs which Screams if a certain Website is a Scam or is a Legitimate Company. In this Post I will try to tell you Guys how to Identify Possible Scams as much as I know.
1. High Payment
If an Website gives you a Ridiculous amount of payment Proof it's Possible that is a Scam you are Investing in.
2. Cloud Mining
If by any chance you Sign up for a Cloud Mining Scams you should know this. Legitimate Companies don't give out Free Mining power to anyone. If they are giving you Free Mining power it's Probably a Scam.
3. Regular payments
By Regular Payments I mean a fixed amount of Payment Daily. Bitcoin Mining is very Competitive so if I get 1 BTC for Mining Bitcoin a Day there is a huge Probability that my Second day Payout is not going to be the same as the Previous Day.
4. Low Transparency
When you think of Investing in a Company try to do a Basic Check for their Company and see if they are Transparent enough or not.
I hope You like this Post of Mine.
Stay Tuned for More Interesting Stuffs.
Your tips are helpful for everyone who has interest in crypto.......its really good blog for learning. thank you just following you to get more advises....hope you will also have look on my blog and point out my mistakes.....Thank you brother
I will have a look at your Blog ASAP
Here are my three rules:
Guaranteed interest = scam.
Anonymous devs/promoters = possible scam.
Unsubstantiated claims = likely scam.
Cloud mining is so obvious f**** scam.. I had tried that before when I was begginer on crypto !!. I spen all my little earnings on that from my Satoshi faucet lol 😁. ..
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Thank you for keeping the community informed about crypto scams. Considering how many people are ripped off by illegitimate projects it is very important that people understand the dangers of crypto. Great post!
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Thanks for these tips. I'll look out for them before investing.
I don't want to fall victim of these scanners anymore.
Well yeah buddy as it seems all the points are legit and they are indeed worth to think twice if any of the sites fall into this criteria !
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