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How To Know about Scam Coin/Token – Step By Step Guide

There are many fraudsters came in cryptocurrency market those try to scam with innocent peoples So be aware those fraudsters. I knew about some tips to judge any Cryptocurrency that is a scam or not.

Know About Scam Coin/Token

First of all, here I would like to tell you here I'll share my own Experience and knowledge so invest at any cryptocurrency at your own risk, I'll try to explain how any newbie can judge any currency that is a scam or Not. This guide also for beginners.

There are many signs to judge any currency but here I'm going to share with Some most important Factors that shows currency scam or not.

Lets Start.

(#1). The first way to judge any digital currency, First Check that currency Listed in Popular Market caps websites this is the important factor it's shows you green signal. Can try to found on Coinmarketcap.com and Coincompare.com if that coin or token listed on the each recommended websites so That shows green signal otherwise maybe a scam.

(#2). Second important way to check Vist their official website Look that website is professional level, and second, find the team of that project, There should be shown project team members that is the main factor to judge any Currency if there not show the project team so that coin may be risky be aware to invest on that coin.

(#3). The third and most important factor to judge any currency. Check their codings on Github if there have codings so check Last Updated date their Github page should be updated time to time so that shows green signal and if you do not find any page or coding on GitHub so avoid to invest on that currency that maybe scam.

(#4). The fourth important factor to Judge any digital currency that is a scam or not checks that currency available on popular Exchanges that Digital currency must be listed on each popular Exchange if that will available on Popular exchanges Like Binance, Bittrex, Yobit, Ploniex etc so that shows you green signal if the currency does not show on popular Exchanges so Be aware of that currency.

(#5). Fifth and last way to check currency scam or not, Open Google search put the keyword "Coin Name + Is it scam" Google shows you many results of that keyword Open top 5 result there you'll get ideas about that Digital Currency.

Remember: These are top five ways to judge any Coin/token but these are some tips to check scam Coins/token if you found any coin everything is on so, that's not mean that will be the right currency.

This is all about my own opinion so first research then invests in any cryptocurrency at your own risk.

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