Cryptocurrency Blog

  How to Identify Cryptocurrency and ICO Scams                                                                                 Blog  By: UnicoinDCX Introduction There are so many cryptocurrencies that are launched every week and with these new cryptocurrencies, there are possibilities of coming up with initial coin offerings (ICO). As we know that cryptocurrency is getting mileage day by day since its inception. Some of these coins are very famous and growing exponentially. Additionally, these coins are highly volatile as compared to other financial assets. Due to the nature of high volatility, it attracts speculators, traders, and investors as well as fraudulent as well. Many tokens are not legit and investors get trapped by fake cryptocurrency or ICO. Therefore, we must know to identify fake crypto coins and ICO. What is cryptocurrency? Cryptocurrencies are digital currencies in an encrypted format. They are those kinds of digital currencies that facilitate users to make payments rig

  Rising Scams in the Crypto Space: How To Avoid Them Date: 12-05-2022                                                                                               Blog  By: UnicoinDCX   Introduction Cryptocurrency is very popular for online peer-to-peer payment without the involvement of the central bank. This is a digital encrypted currency that doesn't have any physical appearance. The first cryptocurrency came in 2009, which was Bitcoin. As these transactions are carried out only online, it has chances of fraud also. For 10 years, it has been seen that there are so many scams taking place. Let's see what type of scam has been taken place, and how it can be avoided. Scams in Cryptocurrency 1. Fake Cryptocurrency Platform Many fake currencies have popped up in the market, which was created to loot the people in the name of the cryptocurrency. Fake cryptocurrencies were created to gain investor's confidence, and they were told to invest or buy such cryptocurrency. Some i