Fake Coins - Do you know how to spot them?

[Setho]

The basic way of knowing a scam coin is that it does not serve any real world kiss instead is growth is just being based off hype on social media and people who are biking it.

 

[Dowenship]

There are a lot of coins which are fake and they are designed to just collect money from investers. And after some time they run away with your money. I wonder if there are people who know how to spot such type of the fake coins. And how to avoid those sort of the fake coins.

Do you know how to spot the fake coins?

To me spoting fake coin is not the best way it falling into trap of buying them, but ensuring that you get the right address from the right source, not just any source...

 

[FreshKaz11]

There are a lot of coins which are fake and they are designed to just collect money from investers. And after some time they run away with your money. I wonder if there are people who know how to spot such type of the fake coins. And how to avoid those sort of the fake coins.

Do you know how to spot the fake coins?

Liked seriously I don't know how to spot those fake cryptocurrency coins because they will look real from the start about after many people invested in them they move and you will now be blaming yourself for investing in any of them.

 

[Senator]

Some people seem to be able to spot fake coins when they see them instantly. I don't know how to spot them at a glance personally. But one thing I know is that they don't last at all in the market. So I don't rush to invest in any new coin I see until after a good period of time

 

[tyrim88]

A lot of coin are actually fake in circulation,some of these airdrop packages are guilty of these,and some investment that promise you an outrageous returns is not a good place to get a geniune coin.

 

[Seno inyang]

Use a scale that is accurate to within 0.01 grams to measure the weight of the coin. Compare your result to that of the genuine coin. If they are significantly off, you may have a counterfeit coin. Use an extremely strong magnet to see if the coin is attracted to it.

 

[Trexxxy]

Guarantees of exceptionally high or ensured returns

It's so critical to take a gander at the offer and choose if it's reasonable. Bringing in a 1,000% on your cash in year and a half would be astonishing, yet is it liable to occur with this spic and span offer?

One of the manners in which fraudsters pull in the cash to their tricks is by making up phony guarantees of profits. With no procedure and supporting data concerning why this underlying coin offering (ICO) - the name for when another cryptographic money is made and individuals are allowed to get some cash at an early cost – will increment to such an extent rapidly, stay away well.

This is true, I think one of the methods they use is to create airdrop events and when the day comes they ask people to pay in another coin to be able to access the airdrop.

 

[Justin]

I don't think anyone can actually spot a fake coin, if they could there would not be so many scams surrounding crypto currencies. Generally speaking, you will know a coin is fake only when it turns scam.

 

[Suba]

There are several ways to identify fake coins, generally fake coins are in the form of tokens, meaning they don't have their own blockchain (the cost of making coins will be cheaper). Not listed on Coinmarket and Coinecko, when ICOs are offered with lending or buying programs with large returns. Not listed on any exchange, often using MLM or referral programs.

 

[tyrim88]

I think the pesons that are involved in the coin matters,then some unrealistic returns from your engagement and then the volume of the coin in the market are things one should loo out for.

 

[Sincerem]

Well it would be a more reasonable but choice for investors seeking to invest in the crypto currency to stick the first 100 coin or 50 coin that appears on their exchange platforms as those coins are usually stable and quite safe to invest in.