How to spot cryptocurrency scams?

1. Study the project carefully: Do your own research and use the available tools to evaluate any team credentials, the products, and the roadmap. Also look for third-party reviews, ratings, and feedback.

2. Check for red flags: Watch out for promises of unrealistic rates of return and reviews that are too good to be true. Be wary of any project which makes exaggerated claims about partnerships or partnerships with well-known companies.

3. Look at the website: Is the website professional? Are there spelling and grammar errors? Is the domain registered to a legitimate business? Does it lack information about the team and product?

4. Use common sense: If something looks too good to be true, it probably is. Never invest large sums of money without doing your own due diligence.