How to Identify Possible Crypto Scams ?

Words
193
Reading
1 min
Listen
Play
9y

image.png

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.

DQmfXyKGbYSEWzkriJ7jHPQ36TDV1CTrGgZSBcBjveo32jz_1680x8400.png

1. High Payment

payment_banner.jpg

If an Website gives you a Ridiculous amount of payment Proof it's Possible that is a Scam you are Investing in.

DQmfXyKGbYSEWzkriJ7jHPQ36TDV1CTrGgZSBcBjveo32jz_1680x8400.png

2. Cloud Mining

image.png

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.

DQmfXyKGbYSEWzkriJ7jHPQ36TDV1CTrGgZSBcBjveo32jz_1680x8400.png

3. Regular payments

regular.jpg

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.

DQmfXyKGbYSEWzkriJ7jHPQ36TDV1CTrGgZSBcBjveo32jz_1680x8400.png

4. Low Transparency

tl-logo-fb.jpg

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.

Cover.jpg

I hope You like this Post of Mine.
Stay Tuned for More Interesting Stuffs.

How to Identify Possible Crypto Scams ? | Ecency