Thousands of people have downloaded fake cryptocurrency apps. Crypto scammers sometimes pose as or claim endorsements from celebrities, businesspeople, or influencers to capture the attention of potential targets. Sometimes, this involves selling phantom cryptocurrencies that don’t exist to novice investors.

Check to see if they are on the list of scammers. Cryptocurrency Scammer List of 2023 and Crypto Scam Tracker (below). Ask these important questions:

1. Are they transparent? Ask for the White Papers, How much is the supply and circulation of the coin or token?
2. Are they listed on CoinMarketCap or CoinGecko?
3. Are they LIQUID? How can you cash out your rewards, earning and commissions? Is it real time or does it have to be held for a certain time?
4. Are they on an exchange and what are the exchanges? 

https://ultima.io/documents/pt/WhitePaperUT.pdf

CoinMarketCap and CoinGecko

Coinsbit.io and MEXC.

On Smart Explorer. Click here.

https://www.btcc.com/en-US/academy/research-analysis/here-is-a-cryptocurrency-scammer-list-of-2022

https://dfpi.ca.gov/crypto-scams/

Is Binance Exchange Safe? Binance is often considered one of the safest exchanges in the world if you consider the level of security. If the exchange crashed or a hacker stole assets or funds, the SAFU reimburses its users from the $1 billion fund. Not every platform has an insurance fund in place.