How can we protect ourselves from scam?

[saqwe]

I think it is still very hard to eradicate scam in crypto as their number keep increasing because there are no regulation or bodies to help control this but I believe we can protect ourselves from scam by doing very good research of a project before investing in it, taking note of all important information and be sure they are good before you decide to invest.

[solovalley]

The crypto world is so vast and they are interest from all continents of the world. Some investors / projects came with good intentions to make the world a better place while some to defraud investors and projects founder. Can we have a better way correct scam and lapses?

we can not protect ourselves completely from scam, because we do not know which scam is. most importantly we have to be careful and not choose something if we are not sure. and also do not spend your money on one invetment.

[invo]

The crypto world is so vast and they are interest from all continents of the world. Some investors / projects came with good intentions to make the world a better place while some to defraud investors and projects founder. Can we have a better way correct scam and lapses?

being cautious will help you to avoid being scam. if you have enough knowledge about what you are doing, then you can avoid it. but we cant actually say that you are already scam free, you just have a higher percentage of avoiding it.

[kukuxam]

it's hard to protect yourself from fraud, especially at this time that there are so many projects

[Cryptomonyet]

It is very difficult to detect scammers right now, they are very good at deceiving people. Just a few suggestions for you:
1. Don't easily tempted by people especially in social media a lot of people who promote scam project.
2. Never tempted by projects that offer high profits and unrealistic.
3. Try to research projects such as their activities in the community, team, background, projects offered.

[starplaks]

So far we can not fight against this in any way, but if there is a legislative base for this in a number of countries, I think this will reduce fraud!

[malibogako2018]

Having lots of knowlegde about crypto could avoid us in scam investments, Just be careful in investing, its better to have further research on the project before make any investment due of crypto nowadays is popular in the world and scammers grab this opportunity to deceive people that has lack of knowledge about crypto.

[dakiller]

We can not stop scamming.
But we can take the initiative in thoroughly exploring the project, team, roadmap ... to minimize the risk.

[Bitknick]

Until they regulate ICO legally from fraud will not get rid!

[Bujesm]

something else is, promptly answer to MOD the tasks that are crude and resembles a ponzi conspire. Indeed, there are heaps of tasks that guarantees great return without doing anything, so there is a higher potential outcomes that it is phony. Along these lines, do some essential activities.

[dhiraj0977]

Before we participate in any ICO, just go through the ratings of that particular ICO in different comparison sites, check their white paper, roadmap, and team members, check thoroughly and if we have faith in them that everything is in correct manner, then we can participate in that ICO, but it is recommended to invest a moderate amount in new ICOs at current, now due to unstable cryptocurrency in recent last months.

[BAGOBO]

We can not stop scamming.
But we can take the initiative in thoroughly exploring the project, team, roadmap ... to minimize the risk.

this is what we have to face, fraud and success. I beg you before you enter the project, you should start checking and being careful in determining the projects that will be followed. so you can choose a project that is truly managed by the responsible team. be serious about researching projects because this will determine future success.

[VeeraS]

The crypto world is so vast and they are interest from all continents of the world. Some investors / projects came with good intentions to make the world a better place while some to defraud investors and projects founder. Can we have a better way correct scam and lapses?

of course you have to learn, experience really plays a role in knowing ico that really leads to a scam, it is not easy you will need time to investigate and research to analyze it. then you can compare with some other ico. or maybe you discuss it here.

[esjsr]

It is very difficult to avoid being cheated. There are too many scams in encrypted money. You can't avoid it. The most effective way to avoid fraud is to invest only in bitcoin.

[Bolabi]

It's hard to know the project is a scam because sometimes there are projects that look quite reliable but eventually become fraudulent projects. It is not uncommon that a project sometimes takes the profile of others without being noticed by them. I think we can't stop it but what we can do is be more careful in our actions.

[aehsj]

As you said, encryption is so huge, there are various risks in the encryption world. Even if you have very rich trading experience, I don't think I can avoid the risks accurately. I can't avoid being deceived. What we can't predict, I think we only need to understand the world of encryption, which will reduce the number of times we are cheated.

[judyrob]

multiply the insight and knowledge to crypto. It will be the most valuable capital in the face of crypto especially in crypto riddled with fraud and it will definitely be there. This is, even more, seeing more promising the crypto. Therefore it is necessary to anticipate early in order to avoid problems of this kind.

[bitkanu]

It is difficult to determine ICO scams because, scammers are now professionals.

All the discussion and information about to protect and get rid of scam projects, All this has been done by professional scammers.

So if we choose legit projects, it is also a good consultation with professionals who review legit ICO projects to protect us from scams. It's just a matter of paying, but we're definitely safe investing.

Yeah, that was I bolded above is a better way to determine which ICO's are good. Only professionals can smell if that project is smell like fishy and I'm sure that project is a scam. Like choosing a good and professional expert manager that who manage the ICO for the whole project they know much better than us because of many projects they handled.
Searching, reading and studying that's the major part that we something to do to know further in the project.

Looking for professionals advises is ok, but it's not an absolute guarantee that you will be free from any kind of scam, as you know that the scam could impersonate to be a legit ICO just like few ICO I know that turns out to be a scam although people are heavily interested in it. actually there's no absolute way to know whether an project is scam or not to be obvious but determining project is legit by looking into its legal data and many more could really help.

[Chirs]

The crypto world is so vast and they are interest from all continents of the world. Some investors / projects came with good intentions to make the world a better place while some to defraud investors and projects founder. Can we have a better way correct scam and lapses?

it will be very difficult for us to be free from scams, at least you can minimize scams carefully in choosing each project that you will follow and never listen to others, do research and know everything before deciding to invest.

[prrlc]

Very hard to get out of scams. There is no way to %100 protect but I think best way to protect to scam projects, we have to research very hard.