Have you encountered any fake cryptocurrencies?

[Bookwormlux]

I have seen one fake cryptocurrency and it's was named palmcoin. It was claimed that the palmcoin is the first cryptocurrency in Nigeria. There are many fake cryptocurrency online .

It is not good to even consider any cryptocurrency from Nigeria as a very good one, this is because it can never end well because most of the people starting it a very big scammers.

 

[Syldan]

Actually I personally have not comes across any fake cryptocurrency but alot of people have been complaining about such issues of fake crypto but I don't have experience on that.

 

[Bookwormlux]

I have seen one that we were able to successfully scam a very high number of people from my country, and the government has still not been able to apprehend the person.

 

[Sotherefore]

I have seen one that we were able to successfully scam a very high number of people from my country, and the government has still not been able to apprehend the person.

For me I have not seen one, I have seen so many that have scam thousands of people.. the squid game project and the Luna project is one of those I can remember.

 

[lottowinningsignal]

There are lot of cryptocurrencies in the cryptocurrency market that it becomes so difficult for you to identify almost all the cryptocurrencies that you have listed in the crypto market. Among this cryptocurrencies, we have the fake ones and that is why it is very important for you to carry out proper research on any cryptocurrency you want to invest on.

 

[Chibson]

Of course I have encountered a lot of fake cryptocurrencies before. I lost big amount of money on so many of them but I actually learnt my lessons. I will never invest on such cryptocurrency again.

 

[Shigobad2020]

I am being careful when investing or making trade with any crypto currency platform , so i have never in any way encountered a fake crypto currency before now .

 

[greenie]

Personally I have not encountered any fake coin or chest coins and I hope I don't get to encounter any one anytime soon. Though my sister has once come in contact with one, she brought it thinking it was a good one, that was how the coin dropped and refused to rise.

 

[GIFTMICHAEL]

I am being careful when investing or making trade with any crypto currency platform , so i have never in any way encountered a fake crypto currency before now .

I have never come across any fake cryptocurrency before but I've heard of so many of them in which people lost so much of their money to such cryptocurrency . That is why I prefer to invest in bitcoins and other larger projects.

 

[Smiles20]

There are a lot of cryptocurrency scams that if you are not careful you can find nothing from them. There are some liquidity pools that are not liquid and there are some cryptocurrencies that are a stolen work of art.

 

[Bigron]

There are a lot of cryptocurrencies out there, many of them turn out to be duds, but there are a few that have so far, stood the test of time. But, have you ever encountered anyone trying to push on fake crypto to you? Maybe it's a new crypto, and they're trying to get investors. I wonder how many lawsuits people get for trying to make fake crypto, or try to make their own without any knowledge.

I have not come across any fake cryptocurrency as of now, however i have encountered many crypto airdrops which have turned out to be fake. But if there are fake cryptocurrencies out there, it would be best to be wary of being defrauded especially in this bear market

 

[Joseph555]

They usually get my to start with a initial coin offering sales ICO for sometime and then close shop and steal away your real cryptocurrency you have used to pay for this ICO

 

[Immilash]

They usually get my to start with a initial coin offering sales ICO for sometime and then close shop and steal away your real cryptocurrency you have used to pay for this ICO

We have a lot of fake things online if you are not too careful you might be a victim, that's why you need to be making good researches on what to invest your money on.

 

[Setho]

He has actually been some time that I was very close to buying a coin that did not have an actual liquidity in the decentralized finance space and I am very happy that I got to learn about it.

 

[Immilash]

No not at all but I believe we have lots of them online, if you not careful you might easily fall for them, that's why I'll advise you to make research before investing your money.

 

[Syldan]

I haven't yet but I believe alot of cryptocurrency business investors has much encounter it though it won't seems to be a frauds but it's a complete scam those who invested into.

 

[Immilash]

I haven't yet but I believe alot of cryptocurrency business investors has much encounter it though it won't seems to be a frauds but it's a complete scam those who invested into.

Yes for me I have came across one, we have a lot of scam cryptocurrencies online if you are not careful you might fall for their scams, I almost fall for one of them but only to realize it's a scam.

 

[Imran_Noori]

There are a lot of cryptocurrencies out there, many of them turn out to be duds, but there are a few that have so far, stood the test of time. But, have you ever encountered anyone trying to push on fake crypto to you? Maybe it's a new crypto, and they're trying to get investors. I wonder how many lawsuits people get for trying to make fake crypto, or try to make their own without any knowledge.

There are many fake cryptos which are waiting for their prey to invest in it but doing your own research about crypto, it's roadmap and the team working behind it will keep you safe from scams.

 

[Immilash]

There are a lot of cryptocurrency scams that if you are not careful you can find nothing from them. There are some liquidity pools that are not liquid and there are some cryptocurrencies that are a stolen work of art.

You are right we have a lot of fake cryptocurrencies online if you are not too careful you might fall for them,if you have good knowledge on cryptocurrencies I don't think you can get scammed.

 

[Mohammed Rashid]

I purchased a cryptocurrency, the name of which I cannot recall, and then the owners removed liquidity, rendering it worthless.