We need not tell you what crypto has evolved to become today. It is not too old when traders and exchangers expressed the most mistrust in Crypto. They weren’t entirely wrong and their opinion was something very much obvious. The world has never heard of a currency that would have no physical form. The mere existence of money on their gadget’s screen was not something they were used to. Apart from that the anonymity and the lack of margin for governmental regulation made it the least favourite among the traders.
With the passage of time when finally Crypto and crypto exchange firms gained the trust of people, the fraudulent ones came out to ruin the efforts. That was when the exchangers, particularly the young ones, had to fight to survive. Now it became a deal to find the right exchange which was true to the customers. Unfortunately, this is how it is till now. The growing number of fake exchanges has added to the anxiety of traders who can see no way out.
To help the exchangers we have The Investment Center Broker, Mr Troy Huet. Mr Huet is no ordinary broker. He is known throughout the exchanger community for his expertise in spotting and catching fake firms. He has been working over it for more than a decade. He says all firms can be caught if well-designed research is carried out. We asked him for some key points that we can stick to in order to chat down the chances of falling for these scams significantly. Let’s see how Mr Huet can help us today in this regard.
- Celebrity Endorsements
Make firms make use of celebrities and their fan following to lure customers into traps. It should not be forgotten that celebrities are paid for being a part of the campaigns and the version of account about the firm you get to hear is the script and pre-determined. Many people tend to follow the stars blindly and end up in trouble. It should be noted that none of the celebrities would ever take the possibility of any loss that you get to suffer from. Therefore, the word to celebrities can be taken as advice but blind trust is not recommended. Always check with the concerned authority or individuals before making any decisions.
- Emails and Calls
When a firm is determined to scam innocent individuals, they depend on stolen data to obtain your contact information such as email IDs and Phone Numbers. They keep spamming exchangers with tons of emails, phone calls and messages and promise huge returns. If someone is promising you very high returns then quickly step away because the firm must be fake. Keeping in mind the current crypto situation, it is next to impossible for anyone, regardless of expertise, to give you a figure regarding the returns. Many people tend to get influenced or convinced if the firms try hard so now the responsibility lies on you to be sure about any step that you take.