How to Identify crypto scam

[bettyhill]

What do you normally look out for before investing in a crypto currency or alternative coin?
What are the most visible signs of a scam and how can they be avoided by an investor or a hunter?

[Morrower]

I always communicate with people that deal with crypto and ask their opinion on the services.
If it's a scam people will tell it, if they don't know anything about the service - it's also better not to use it.
Just be curious and people will help you.

[JSD10M]

It is a bit hard to determine now if a project is a scam or not because even fraudsters are now good in making websites and whitepaper. Maybe you can start by checking if the founders identity are verifiable

[Coin63@]

I am fresher in this site, so I don't identify scam projects but team management, roadmap, ico, Pre-ICO should be helpful for identifying good or scam projects.

[bdamenaakter]

Honestly, Government should take steps towards these scams. I suggest things like regulation on ICOs and to make sure that every ICO in their country is compliant to their law when it regards to cryptocurrency. An international that countries should agreed upon so that people around the world could enjoy cryptocurrency more and to avoid these projects. But as I see it, government bans and its just silly because they didn't consider those small people and freelancer who uses bitcoin to receive their payment for services rendered.

[olivia]

Every crypto currencies has their own roadmaps and I think it is their responsibilites, developers, to take the road that in their mind, will make their crypto  successful. If their crypto currencies did not survive the cruel competition with a lot of other opponents then I think that is the fault of the developers and we don't need to think about it since we are just basing our investments on their future plans and strategies.

[Nestle]

By looking at the team and the address of the project that was developed. Maybe it's a way to find out or judge whether the project is legitimate or a scam.

[Cryptoz]

Firstly, you need to check the information of the team and project registration. Then, check the activity on the official telegram of the project. A scam project will provide lack information about the team members and not specific location of the project. A scam project also doesn't have detail info related to every team profile both in website and their social media. 

[luvr1000]

I can advise you to take part only in those companies that have already gathered their soft cap, then the chance that the project will be successful is much higher

[bhm45]

just read there whitepaper and roadmap see there ceo and there telegram if they are always update and check there feedback by the user.
it is easy to know if the coin is scam if you understand there platform.

[DogeTalk]

Look at the web display that does not show the roadmap and team. the method that I use to assess a scam project or not.

[Yahud]

Usually Crypto scams, having a Roadmap / Whitepaper that doesn't work / program stops too long because Softcap isn't fulfilled. then the coin usually fails. which is worse if  request your wallet private key for your verification account. and this is outrageous   

[Norma]

Detecting crpto scams is not easy because fraudsters will get smarter, especially in the open technology. I think studying whitepaper is very important, if the project makes sense then ask about their smart contract. All that is the simplest thing to do.

[Pupus]

basically, we can't predict whether the coin is a scam or not. for sure, if we follow an ico, then we must really understand the ico that will be followed to avoiding the scam ico.

[twothumbs]

basically, we can't predict whether the coin is a scam or not. for sure, if we follow an ico, then we must really understand the ico that will be followed to avoiding the scam ico.

Yeah, you are right. We only know if the project were a scam when the project is finished. We don't know what will happen later so what we can do is how to find the good project, so we don't get scam. This is why that I always suggest to my friends to be careful because right now, there is a lot of project in out there and we still don't know which project that can be a scam.