How To Recognize a Crypto Currency Scam

People often ask me advice about crypto investments. They have read about a amazing new coin, but wonder if this cryptocurrency is a scam.

In some cases, they’ve already invested and are trying to get their “investment” back.

It goes somewhat like this:

“Hey Wes, I’ve found this new XYZ coin. It is a new way of doing XYZ and it’s going to revolutionize the world. What do you think?”

Since this happens a few times each year, I’ve developed a few routine questions. Usually, it takes me a couple of minutes to figure out if it’s a scam or not. I might not even have to look at the website.

Some scams are setup quite well, and require a deeper look (but never to deep). Continue reading “How To Recognize a Crypto Currency Scam”