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Involve in the world of crypto for many years, i will share with you how to avoid crypto scam.
What is crypto scam?
Any type of cheating in mean of using cryptocurrenty to get your pocket money are all
consider as crypto scam. There are a lot of scam companies around the world that trying
to create some kind of interesting projects and ask you to joins your investment, and
hope that you will get higher return of investment.
Those type of company usually create by only a few people, create a simple website,
writing a simple annoncement or white paper, and immediately starting the campaign
of ICO Initial Coin Offering, or selling some package that allow you to buy it
and in return get some unkown new created cryptocurrenty that is valueless,
and expect to give you the return of investment with in 6 months, or years.
After they have gather enough funding, the close the website, and no more update
information from them, and they disappear with your money.
So before choosing any type of crypto investment, you need to study clearly
about the profile of the company, where are they, how long have they created
their company, how many users already benefit from them, how can you take
your money back. Anything that always want to get your pocket money
is a high risk, anything that you could earn and get the money out
easily consider as low risk. So make sure you make the right choice,
otherwise, the aims to invest in something and hope to earn more income
for your family, will end up of losing everything that you have saved for
your investment.
Stay Curious, Stay Tune!!!
@Cryptopreneur - Cambodia Serey Community
1045.415 SRY