Is there a fake coin?

[Almasani]

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

You buy coins in a market exchange, don't buy coins in an unofficial exchange, you will get a fake coin. You can use coinmarketcap services to do official market checks. Thank.

[MonkeySlapFest]

I bought some coins of a guy in the pub.. Didnt sleep for 3 days 

Good times

[Litefoxx1698]

There are plenty fake soins and this is another reason why you should analize this market and not investing only because you think they will bring a good profit to you

[gaj ahmada]

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.

I agree, that there are no fake coins in crypto but scam coins, indeed there are many scams that use coins to attract investors to be deceived and believe in scam coins, we must be careful in choosing coins to be used as investments, analyzing all coins is the right way to avoid scam coins

[salmaku]

yes, indeed there are many fake coins or scam coins.
it is very difficult to distinguish a scam coin , because the scamer is very thorough and neat in making a coin scam. but to avoid  coins scam, you must be more observant and more seek information about these coins, for example if you want to take part in an ICO or bounty

[Denreal]

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

There are so many of them and some times is could to detect them, but the only way you can avoid them is to do meaningful research on them. Meaningful in the sense that, you do not do peripheral research and say you have done something, for example, by just scanning through and just looking into what the project has to offer, but that the team should be your first priority. Get information about them.

[necromastery]

I think fake coins are those coins that has value and later on it will pop like a bubble. I would say they are scam rather than fake because money is involved.These coins are mostly HYIP schemes making you invest more for more profjts.

No. As there is fake token can be created on ethereum platform w/ creating new contract address and make same ticker, I thought the fake coins case also like this. Since they are fake, they can't be traded on exchange nor there is no buyer.