Scam Coin On Binance - page 2. | Bitcointalksearch.org

silverston

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Quote from: Kongxx on February 24, 2021, 09:27:10 PM

Is there any scam coin on BINANCE?

As far as I remember, there are never scam tokens on Binance. All projects are carefully checked, Binance is the main cryptocurrency exchange and its organizers value their reputation very much. This is probably why their tokens cost a lot of money!

Dedewahyu

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Binance certainly has a special analysis team for new projects that will be listed there, so I am sure there are no scam projects after being listed on Binance.

bakasabo

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What about "BULL, BEAR, ETHBULL, ETHBEAR, EOSBULL, EOSBEAR, BNBBULL, BNBBEAR, XRPBULL and XRPBEAR" ? Some people (who had lost a lot of money), thinks these altcoins are scam

P.S. They are delisted right now.

ubercool

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I feel MITH is a scam coin.
The team is almost dead, the coin gets pumped and dumped from telegram groups. There is no development on the project or we can see any roadmaps.

I guess we can call it a scam coin.

If you want a meme coin then we have DOGE... Cheesy

rat03gopoh

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Quote from: GreatArkansas on February 25, 2021, 04:55:04 AM

~snip~
Bitcoin Cash? It's kinda difficult to tell if there is no specification.

Bitcoincash is not a scam coin, but it can trick someone sending BTC to a BCH address. One time ago, I once came across a game with BCH prizes on Tiktok. Apparently BCH also uses "sat" for small units. I don't know whether this unit is used officially.

Speaking of Binance, coin scams will hardly be found on this exchange. They have strict procedures so scammers won't get a chance to expose their coins even in Binance listing news.

tvplus006

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To the Moon

Quote from: shinratensei_ on February 24, 2021, 11:30:02 PM

...When binance is deciding to delist such coin and that means if the coin has no future or it will be a crap coin.

Delisting of coins from the exchange is made not because the coin has become a scam, but because the volume of trade decreases and, accordingly, the profit for the exchange from trading such a coin decreases. Unlike Binance, many exchanges continue to trade coins that have a daily trading volume approaching zero. But Binance can't afford that.

GreatArkansas

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Quote from: ?? on ??

Quote from: Kongxx on February 24, 2021, 09:27:10 PM

Is there any scam coin on BINANCE?

No idea about this. When it comes to listing coins, I think Binance is very careful with listing coins. And not sure any scam coin would find its way into Binance

Nah. Even how Binance is very careful to check before listing, there are still a lot of altcoins that are listed on their exchange that may turn into SCAM or some of them are already scam but people still don't notice it.
Since at the first, how can we define a "SCAM COIN" at first? Can we tell Ripple(XRP) is a scam coin? Bitcoin Cash? It's kinda difficult to tell if there is no specification.

kreon149

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It was ARN token with bots in their groups

dihari

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That's one of the advantages of using binance as your daily exchange platform. They keep their position as the most reputable and safe exchange by establishing strict listing policies. That makes only trusted projects will be listed there. No matter how much money some projects offered to get listed on binance. CJ also frequently listed many tokens for free if he trust on their project.

Evgenklm

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Of course, I am not an active trader, but binance's policy on the account of listing projects and selection for the exchange is all at the best level, usually scam projects are eliminated even before listing, and if there is already such a coin, then binance quickly removes it from the list, the reputation of the exchange is good.

Snappycoco

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Its up to you to searched for the people behind your coin and judge them. You should do a research before entering such investments to coins specially that now scammers will do everything just to scam. Furthermore, binance is a place not for scammers though. They can even recover some of your hard earned money.

https://www.coindesk.com/binance-recovers-344k-from-defi-exit-scam-that-launched-on-its-platform

btc78

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Quote from: Kongxx on February 24, 2021, 09:27:10 PM

Is there any scam coin on BINANCE?

You should be the one to find out because we as Binance users we only use those coin that we have make a deep search and assures us of being in safe position.

And asking this here comes the reputation of binance at stake as they have been keeping the good reputation for years and that reason why they are the fastest growing and most popular exchange these days .

But for me? there is no Scam coins in Binance or should i say " NO FOR NOW REVEALED"

semobo

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Quote from: Kongxx on February 24, 2021, 09:27:10 PM

Is there any scam coin on BINANCE?

There was a coin but I can't remember the exact name if the project but the project developer tried to run away after raising enough funds but in a week later he came back and apologized for his action so people saved from getting scammed.

Anyone remember that project or incident?

speedforce

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They do screening before list any project on it, but i think its still possible that someday some of the coins will be scam. But ofcourse it will be delisted immediately so its a small chance you can see scam coin in binance since after scam they will delisted it immediately.

hd49728

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Not your keys, not your coins!

Quote from: Kongxx on February 24, 2021, 09:27:10 PM

Is there any scam coin on BINANCE?

You can not depend on exchanges to choose coins for your investment and believe they are not scam coins.

Binance is a big exchange and you can trust them with their reputation but basically you should never put all your trust, capital and life on others.

After the exit drama from SUSHI DeFi 2020 Exit Scam? SushiSwap Creator Sells 100% Of His Sushi Tokens, Binance integrate a warning when you firstly open a trading pair for a DeFi token. You can check it on Binance and you must click on Accept, Understand to start trading.

This warning is an unofficial admitment that Binance don't give you any guarantee on legitimacy of project they are listing. You can not blame on them if you buy a scam coin on Binance.

sangjoewara

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Quote from: Kongxx on February 24, 2021, 09:27:10 PM

Is there any scam coin on BINANCE?

LOL, since when did Binance accept scam coins to be listed on the exchange? Did you know that Binance really takes care of the reputation of the exchange with everyone, so it always rejects junk tokens and completely useless shitcoins.

reza7777

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For now Binance has become very good reputable exchange and listing there requires very strict screening and very high fees and I have never seen a scam coin exist there

crzy

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Quote from: Kongxx on February 24, 2021, 09:27:10 PM

Is there any scam coin on BINANCE?

Binance is a reputable exchange and its too expensive to get listed on that exchange and of course it requires a lot of paper works so I don’t think they’ll allow a scam project on their platform not unless they are being fooled by a project that is good before and turned into a scam, so far there’s no such project on Binance.

BIN-BIN

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Binance is one of the world leading centralized cryptocurrency exchange and it is highly selective of the kind of coin that get listed on it exchange and that make it almost impossible to have fake or scam coin listed on there. For now the is no scam coin of binance unless it not discovered yet.

shinratensei_

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Quote from: Kongxx on February 24, 2021, 09:27:10 PM

Is there any scam coin on BINANCE?

This time there's no scam coin on binance but there were some scam coins that ever listed on binance just like centra. The majority of scam coins already delisted from binance a long time ago but when you are interested to know more about that and then you can try to see the old history of scam coins.
When binance is deciding to delist such coin and that means if the coin has no future or it will be a crap coin.

Topic: Scam Coin On Binance - page 2. (Read 370 times)