Is there a fake coin?

[reality18]

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

I don't call them fake coins, rather i call them unsuccessful coins. There are a lot of these coins on the market which are developed by inexperienced team which is incapable of carrying the coin to a success. It is always smart to read about the team members of each project before investing in them.

[1714768075]

1714768075

[1714768075]

1714768075

[andika2018]

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

I think it called death project coin and not fake coins. Too many coin/token in market and its hard to determine good coin or death coin. But i identify death coin by their daily transaction volume, if they have small transaction volume, i will not buying that coin

[doraemon26]

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

Yes a lot of coin was fake make a researh on it to avoid buying fake coin because many of them are scammer if you are going to buy coin make sure that it was on the top 100 so that you are aware that is not a scam coin and choose wisely

[gareng1468]

fake coin. in my opinion there is a coin that has no value and no exchange. This fake coin is found on some ico that contain scams. this was very disappointing because it was very detrimental and made a bad image on crypto currencies

[zarintasnim]

When you buy any coin you need to every details about the coin. You need buy coin with exchange no other third party. You also careful some airdrop where they want your private key.

[royalfestus]

I do not quite understand the phrase "counterfeit" coins. Do you mean the same name but another contract?

He must have meant scam project coin. Research states over 80% project result in scam, sometimes the project produce a scam coin than never survive. it either does not exchanges or do not stay beyond 4 months on the market

[wayancrypto]

Usually fake crypto is use MLM marketing to sell their coin, like Onecoin and Bitconnect. This crypto just use ponzi shceme and fraud. Real crypto is has Proof of stake or Proof of work mining reward and less premine.

[BluRPie]

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

I just try to wonder what is fake coin. Fake coin it is the coin which does not based on the blockchain,  but I'm not sure that it is active now,  because it is not problem to create real coin for scam purposes.

[Werfomu]

Indeed, and what number of I know a ton of them, for instance, there are coins that are available, yet have lost the cost, in spite of the fact that they are not cleaned.

[Ooppss5]

This is probably before you buy altcoins, analyze them based on the coin concept, its team as well as the community. It is very important to first understand what you will be investing in altcoin, especially a coin from some IOS.

[Docbee]

Fake coin are popular on decentralized exchanges, it is risk to buy tokens on dex exchange, some guys do buy ethereum contract after that, it will be listed on dex and some noobs actually do buy fake tokens because they do not know.

[Xclusive5]

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

Yes, there are lot of fake coins in the crypto market. In order to avoid buying fake coins then you must do your research very well before you invest in any coin.

[Genamant]

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

There are coins that are pump and dumps. No real project backing behind, only empty promises to keep  the price up and then those holders will dump on the fomoers, and possibly will do exit scam. So be careful when buying alts, right now there's a lot of coins made everyday through airdrop, ICO.

[maximilian4aue]

With all the ICO boom it was almost assured that a lot of fake coins or scams would appear soon or later, after all, there is money involved so we have to be even more careful now that the market is down.

[usm1000]

When you buy coins, look to see where the person is sending the coin from. If it's Chinese or Hong Kong, don't bid! No matter how attractive the coin looks, no matter how big the deal you think, no matter how good the sales promotion is, don't buy coins from Chinese or Hong Kong sellers.

[Kaniel-ouots]

there are a lot and we can cunt them you have to check the whitepaper and if the project is real and you should know about there team momber than you know if its fake or not

[pictsidhe]

You have to good research about the projects that you're going to invest in. Because there are many scamcoins everywhere in crypto market. Fake as in scams. You can see their website, whitepaper.

[hi-blessings]

Yes of course, there are many scam coins out there. An example is Monero Gold that manipulated the total supply of its token
 earlier this year, many lose huge amount of money on the project as a result of massive dump within a short period of time. One can get to know about the scam coins by carrying out thorough research on projects and finalize which is good and which is not.

[canaveralnonie]

Is there any report about the exact percentage of those shit and legit coins around the crypto market, or even some list of ghost and useless token in the history of crypto currency? If yes, can anyone here can provide link to visit with. Thanks in advance!

[Cherylstar86]

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

theres no fake coin at all but theres a lot of scam and they use different coins to incourage people to make an investment through thier site. To avoid this do research first before dive on investment.

Obviously here in the world of crypto currency there are a lot of fake coins as they try to scam and convince those users to invest there fake coins. At first place it looks like a legit coin but somehow as time goes by they just divert the mindset of those users who invested and in the end they just suddenly disappeared and vanished through telegram and any other communications that may involved. I hope we must be vigilant and observant to avoid those fake coins here in the crypto currency community.