How to Tell if a Bitcoin Website is a Scam

in #bitcoin8 years ago (edited)

Ever looked at a website and thought, "This is too good to be true"? Well, chances are, it IS too good to be true.
Some websites are good, legitimate sites, and others are scams. Here's how to tell if a website is a scam.

  1. Check reviews. If lots of people are saying that it is a scam, that is a HUGE warning sign. Investigate further.
  2. Check how long it's been running. If it's around 3 years old, it's probably good! Most scams don't last that long.
  3. See if they can be found as a registered company. Almost no scams will be registered companies. Very positive sign if they have it.
  4. See the claim they make. If it's a investment program, and they claim the return rate is very high, chances are that it is a scam.
  5. See if they have a free program. Most legitimate companies can't afford to give out free stuff. This is a small sign. However, if they have a considerable amount of ads shown, it is possible to give out free stuff. This could also mean that they are trying to maximize profits. This depends on how good you think the website is.
  6. Check certificates. If it has a Comodo, McAfee, or AVG certificate it's probably not a scam. The more certificates, the more the chances are for it to be legit.

Based on all the clues these steps gave you, you can take a good guess at how legit the website is. A perfect example is the website cryptoshare.biz, since a lot of these clues can be used on it. Use these steps I gave you to figure out if it's a scam, and why. Comment your answer down below.