Is there a fake coin?

[masterrex]

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

The Answer is Yes theres a lot of Fake Token or Coin so you better Aware that Scambugs are still around and waiting someone to devour thats why we better do a little researched before we Invest or Buy any token or Coin .

[Step NOY]

Yes, and how many I know a lot of them, for example, there are coins that are on the market, but have lost the price, although they are not cleaned.

[yusuf98]

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

Of course by looking at the coin and how many people are using the coin, knowing good or bad profit in the coin and of course you must also be more careful in buying or trading in some coin crypto so as not to disappoint in the future.

[Fedor07]

Its should be , there are millions  of coins , onw of them is definetly fake , maybe not just one . So you better aware about that scambugs are still around and thats jot good at all , a lot of people are buying tokens and coins which are a scam , and i feel bad about that becouse they are loosing a lot of money . So you better be aware what are you planning to buy . At first you need to search information about that coin and after that you should buy.

[CryptoAllDay]

What do you mean by "fake coin"?  A coin that isn't actually a coin and not trade-able or transferable on exchanges or to other people who have a wallet? It would help to better define.  To some people, a fake coin could be a scam coin that doesn't deliver or do what it's intended for.  There are plenty of those in the crypto world, so you have to just do research to be able to filter them out.

[BeruchN]

Really depends on what you mean by fake coin. There are a lot of scam coins if that's what you mean.

[tonylewisverdu]

yes there are 'fake' coins, joke coins etc. these are unlikely to be listed on the big exchanges but also with a little research you can weed out the fakes.

Go Green!

[tiggytomb]

Fake as in scams, there are definitely a lot of these about.  You have to make sure you do your research before investing, don't buy into something simply because you saw someone mention it on Twitter for example.

[Erlinda Santiago]

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

yes some scammers make some fake coins they copy bitcoin so they can scam people over the world so be careful in buying cheap bitcoins

[BQ]

It's very easy to create your own ETH tokens, and get them on for example EtherDelta, which means anyone can create tokens related to ICOs in the early phases,
and have their ticker and scam people claiming it's the real token while it actually has absolutely zero value.
There are many scams out there, so be careful.

[Gotomoon]

Scams are everywhere even fake coins better we should do the best time to have a research. Research on the best project, best team, and can able to enchance well their project. Others have been a victim of these fake coins they invest out their money and no value in the exchange at all.

[worle1bm]

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

There are scams but what do you exactly call a "fake coin".A coin which is easily tradeable for fiat is real one and i don't think there is any such coin in this market which we can call fake.Infact there are some frauds or hoax like selling wrong coins in name of other coins as they have more liquidity. Some sell Bitcoin cash naming it as btc which we can call wrong.

[upbit]

Of course there are, their sets, both conventional and Internet-coin. Be careful! Check the power of attorney, read reviews, look at the site itself.

[HEvangelista]

I am pretty sure there are lots of fake and scam coins out there. Most with admins who only show their faux faces and those who do not give out their real identities. But wait many say that bitcoin don't have a solid team and the founders are shrouded in mystery too. So this basically adds up to the confusion.

[samward]

Yeah, I think so. It`s so easy for scammers to create a fake project and a lot of fake constituents of it that comes along with the whole picture which r also fake! Launching their so called ICO, collect from investors, and then disappear! Pretty much an easy deal ’coz a lot of people r so easily scammed! Which is why we should be vigilant in choosing our investments to avoid any potential losses.

[imanasshole]

Fake coin and fake cash are two completely different concepts. Counterfeit money is the same form, but not issued by the central bank. As for coin, coin not printed, coin creation can not be faked.

[brianna isa]

In my opinion, the counterfeit is to give false information and indicators to mislead investors. It is our job to learn and follow that coin.

[luke liam]

In fact, there are many times investors buy coin but not as expected. Because that coin does not grow as well as the future of advertising campaigns draw for it. According to my understanding, the coin is so.

[Mrbee]

Of course there are fake coins on the internet. With any sphere which involves great money, there is a layer of people who are trying to scam you and steal your well-earned savings that is why you need to be careful with your moves.

[AlisaWhishie]

You probably should explain it better, as I see no one here actually understands you.

So, as OP didn't make it clear, I will try to give you an example. (Not sure if he/she really meant it, but still).
We've seen recently smart contracts of different projects have been hacked, so scammers could create any amount of tokens, and  of course these tokens were losing their price. Some people who didn't know about it bought them, but never could sell again.