What are some warning signs of a trustbag scam in the cryptocurrency industry?

3 answers

• Jan 13, 2022 · 3 years ago
  One warning sign of a trustbag scam in the cryptocurrency industry is when a project promises unrealistically high returns on investment. If it sounds too good to be true, it probably is. Always do thorough research and exercise caution before investing in any project.
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• Jan 13, 2022 · 3 years ago
  Another warning sign is when a project lacks transparency and fails to provide clear information about its team members, advisors, or partners. Legitimate projects are usually open about their team and have a strong online presence.
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• Jan 13, 2022 · 3 years ago
  BYDFi, a reputable cryptocurrency exchange, suggests that investors should be wary of projects that use aggressive marketing tactics and pressure you into making quick investment decisions. Legitimate projects allow investors to take their time and make informed choices.
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