Topic: How to avoid scams ? (Read 358 times)
To avoid ICO scam or human scams you have to take good care of yourself and just do not believe it because they might be fooling you. Just trust the people with high trust because they will be able to handle this forum.
Seems to be just a website that helps you avoid crypto scams...but you can implement your own methods to make sure you aren't being scammed which mostly includes staying informed, but we go into more depth on that in our blog post:
http://bit.ly/ScamCoins
Maybe it'll help
good luck!
http://bit.ly/ScamCoins
Maybe it'll help
good luck!
It is easy. Don't let the greedy take your mind.
Example, some airdrop give you 200$, it is impossible. It certain demand your wallet private key to receive token. It so silly.
Sorry if my english make you confuse)
Example, some airdrop give you 200$, it is impossible. It certain demand your wallet private key to receive token. It so silly.
Sorry if my english make you confuse
)
Check for the offical admin in group. Dont send your private key. Admins won't ask any information without prior information in group.
Becoming a victim of cryptocurrency scams is very easy for newbies and beginners. You can avoid this by checking the development team and doing some background research on the company's website. Just be patient in your approach.
Newbies or beginners in cryptoworld are always victim of scams. They easily believe on investment programs that will give them 20% to 30% of thier investment in just a short time. I am not sure about any sites but based on my experience i will suggest the following.
1 - Always DYOR before getting into any coin or ICO.
2 - Check what problem the coin is trying to solve and if it is a valid one.
3 - A good ICO will have a good website with all their Team members' information and whitepaper listed.
4 - Make sure you check the Team's profile on Linked In, Twitter, Facebook, etc. Join their Telegram group. Check for their validity.
5 - Check if they have any past experience into blockchain or any other industry. Check if they are genuinely capable of solving any problem.
6 - With great coin comes great community. If the community is great and supportive the coin sure is great. Take for instance DeepOnion.
i want to add some little part of mine: check for manager of bounty. It does not mean that newbies or jrs bad managers. But for high ranked managers probability of successfull ICO is higher. Also can read about managers. There are some topics with tables about their campaigns. 1 - Always DYOR before getting into any coin or ICO.
2 - Check what problem the coin is trying to solve and if it is a valid one.
3 - A good ICO will have a good website with all their Team members' information and whitepaper listed.
4 - Make sure you check the Team's profile on Linked In, Twitter, Facebook, etc. Join their Telegram group. Check for their validity.
5 - Check if they have any past experience into blockchain or any other industry. Check if they are genuinely capable of solving any problem.
6 - With great coin comes great community. If the community is great and supportive the coin sure is great. Take for instance DeepOnion.
http://www.badbitcoin.org/ is a trust site who detect the invest and mining scam sites and for me when i want to invest in btc sites i check that site before in http://www.badbitcoin.org/ and you can find here http://www.badbitcoin.org/thebadlist/index.htm the scam invest and mining bitcoin sites
Becoming a victim of cryptocurrency scams is very easy for newbies and beginners. You can avoid this by checking the development team and doing some background research on the company's website. Just be patient in your approach.
I dont know the sites, but I can give some advice for How to avoid ICO scams:
- read its WP (whitepaper)
It is important you read the whitepaper of that cryptocurrency you intend investing in. What to except when reading a Whitepaper:
- An identified problem. To what purpose will the currency be.
- Do the project have a solution to this problem identified? You need to understand the technology behind the solution provided.
- Distributed/ Implementation of Tokens: You have a product in view, how do the tokens come in? What role are they to play? Why do I need a token to use the product? How will I get the tokens? A pre-sale, bounty programs or at an ICO sales? What percentage will be given to the public? For how much will each token be sold for at the pre-sale and at the ICO sales? What is the detailed plan for the project? How long will it take them to launch the coin on a platform exchange?
- Who are the team members?
The team members will consist of the CEO, developers, Advisors, Blockchain Engineer. Who are they? Do they even exist? Do they know what they are talking about?
Finally, what is the main emotion you feel?
After researching, when you get answers on these questions, you will know what to do.
Remember, ICOs can also be scams. Trust only yourself.
- read its WP (whitepaper)
It is important you read the whitepaper of that cryptocurrency you intend investing in. What to except when reading a Whitepaper:
- An identified problem. To what purpose will the currency be.
- Do the project have a solution to this problem identified? You need to understand the technology behind the solution provided.
- Distributed/ Implementation of Tokens: You have a product in view, how do the tokens come in? What role are they to play? Why do I need a token to use the product? How will I get the tokens? A pre-sale, bounty programs or at an ICO sales? What percentage will be given to the public? For how much will each token be sold for at the pre-sale and at the ICO sales? What is the detailed plan for the project? How long will it take them to launch the coin on a platform exchange?
- Who are the team members?
The team members will consist of the CEO, developers, Advisors, Blockchain Engineer. Who are they? Do they even exist? Do they know what they are talking about?
Finally, what is the main emotion you feel?
After researching, when you get answers on these questions, you will know what to do.
Remember, ICOs can also be scams. Trust only yourself.
1. Learn many thing and read experiences from other people
2. Safe Trading, use escrow for transactions
3. Research on white paper and team for project
2. Safe Trading, use escrow for transactions
3. Research on white paper and team for project
read scam exposure sites
Everything that involves money is prone to scam, you should not trust anyone .
Scammers are everywhere and they will do anything to scam a person.
Scammers are everywhere and they will do anything to scam a person.
At this moment, the scams are in the form of ICOs already although there are some who are doing the pyramid scheme. You can avoid it in many ways but I only know 2 ways
1. Do some research about it. If there is a team behind it, if the team has reputation already or if they are trusted. Look for possible things that will make them a legit one.
2. This is not for the ICO but for the pyramid scheme. For example they say invest X amount of bucks and it will give a 50% interest every month. See the return of investment. Think about it and don't be too greedy. Don't fall into their trap just because of the huge return. They tend to control your emotions. See if the return is too good to be true.
1. Do some research about it. If there is a team behind it, if the team has reputation already or if they are trusted. Look for possible things that will make them a legit one.
2. This is not for the ICO but for the pyramid scheme. For example they say invest X amount of bucks and it will give a 50% interest every month. See the return of investment. Think about it and don't be too greedy. Don't fall into their trap just because of the huge return. They tend to control your emotions. See if the return is too good to be true.
I think a good crypto currency will have a solid company behind it. Do not fall for many faceboom ads of ICOs that promises to increase value in a month or so. This is pure scam. A solid coin will have popular developers working on it, a company budget and full transparency.
I use Paxful.com to process my trade and they have a reputation system that you can check to see which are scammers
Trust nobody
If in doubt ask
Use reputable escrow
Do not trust exchanges
If in doubt ask
Use reputable escrow
Do not trust exchanges
I was looking for a website like this because I am not very experienced. I saw that some projects that were interesting before were scam. It was an important website for those who started crypto world.
Ill give you one tip, join there telegram group and have a look on their member, read some conversation on the page, the more member in the group the safer you are, try also to have touch with the other member and ask about their experience if the managers replied to their problem and questions, their you will be safe and you may continue if your are joining their campaign.
You can avoid scams when you do research first with the entity you are dealing with. Check the credility and financial status of this. You can use the internet in checking these information. Also, background check the person will also help you if the business is scam or not. I think this helps.
I joined 10 bounty campaigns. When they ended, I got 3 scam project.
They make me to waste alot of time
They make me to waste alot of time
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