Is there a fake coin?

[SmellsCinnamon]

I just saw this somewhere on the internet. Are there any fake coins existing? How do you avoid buying fake coins?

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[jdeanne92]

Do research about the project/coin. Some of these are just collecting informations or otherwise scam. Put extra precautions when you find one.

[左]

What is the definition of a fake coin according to you?

A coin that is real but is using the btc name and posing as btc?
A coin that doesn't exist at all?
A coin that claims to be the next/new btc?

[hani1929]

there some many coins now in the internet to make sure  you want to buy real coins go to any exchanges go buy there.

[Ilegendph]

I think there is no such thing in cryptocurrency. I believe that as long as the coin you hold can be trade it is real one. I think the one that makes it "fake" is that fake advertising like what happened last year, a certain website claiming that bitcoin can be bought there but in reality they are selling bitcoin cash which is for me a hoax.

[tukiMiN]

it seems to me a little less able to understand the definition of the fake coin you are asking. but i will try to answer it. if you intend to buy the coin, look at the background of the coin on their website and you can also see how the coin is developed for the future. and buy on a reliable exchange place.
that's just my experience.

[jan.nicolas]

I do not think it's worth buying such a coin or do not think that it's worth buying fake coin. The most important thing to ask yourself a question. What does this project carry in itself? What purpose does he pursue?

[Satish147]

Yes, recently EthZero trying to scam everyone by Airdrops get their tokens and seeking private keys of people

So be careful before entering into any airdrop and bounty campaigns

[Arngrim]

A lot. And you should be wary about them or else you are going to lose of money. They will say good stuffs that will make them more inviting to invest with.
Facebook already banned ICO coins from being advertised by them because of that. To avoid people from getting scammed.
Now here, moderators cannot see every coin that will come out. They have their work too. You do your own research and see the team behind the coin.

One more ICO just a week ago I think, used a team of school leaders. They already ran away with 2 million dollars and being searched who was the culprit.
Be very careful.

[alisaadat60]

many coins are exist that don't worth anything , they are called shitcoin but they exist
very low market cap , and so low daily volume .
beware of them

[dealung]

I do not understand with fake coins and I'm not sure that the fake coins the op says are true.
Maybe op mean to ask how to avoid shitcoin?
Always buy coins that have high trading volume or top 20 alt in coinmarketcap.

[johstacy]

On all sorts of strange exchanges, this is often practiced. Quickly create a fake coin with the same name as the real one. And some people buy garbage. How can this be avoided? Buy only on top exchanges, watch the news - did the coin ever come out and is it traded? Since fakes are often created before the actual coin goes to the stock exchange.

[darrly]

I dont think such thing exists in cryptocurrencies. There are many coins availbale in the market, and one thing you should do before buying them is the background of their project. What is the goal of the project? What it is based on? What problems it will encounter? Does it have the ability to be successful based on what it is now? these coins can be worthy depending on the number of investors who are willing to fund the project otherwise it will be all for nothing and  worthless.

[fresonimari]

Always search info about the coin/token that want to buy. Search info on project, search the market, search in the exchange.
Most important thing never give private key for the airdrop.

[fileo]

There is no fake coin only scam. Maybe we can consider the scam coins as fake coins because they aren't true existence in the market or just a scam form. Looking to victim investors.

[Black_fox]

 can write a lot. Personally, I believe that there are no counterfeit coins. This is my personal opinion.

[bamboylee]

YOu cannot fake a cryptocurrency because everything is hashed. You cannot make up jumbled numbers and letters and expect it to be accepted in blockchain. SO, no fake coins. But there are lots of scam projects/ponzi/ico that only want to collect money and no real crypto project.

[Anewor]

I just saw this somewhere on the internet. Are there any fake coins existing? How do you avoid buying fake coins?

I also heard some news about it but its not confirmed yet because as we know there are lots of fake news that was just   probably made to scare digital currency holders. So far this is not too far from being a reality since we knew anyhting can happen in the virtual world. You could be tricked into believing that you have coins but it could be just another malware doing fraudulent transactions.

[Kuchiyosenojutsu]

the fake coin is real, I am very grateful for not participating pre ico project which turned out to be a scam. I just follow to participate campaign only, to avoid it usually, I always see if the project is a lot of interest or not, you too can see their project ranking. hopefully you are more careful again in choosing ico project

[shizah]

how can coin be real if we are not real?

these tards are hilarious