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What To Do To Make Sure You’re Not The Next Victim

While scams are present pretty heavily in the cryptocurrency space, there are some things that you can do to ensure that you’re not the next victim. Here are a few steps you should take before signing up for any service:

Read Reviews – Start by reading reviews for any service you’re interested in. Make sure that you’re taking your reviews from websites with consumer generated content. After all, a webmaster can be paid off to write a good review. You want the truth! Nonetheless, reading the reviews associated with a company will give you an idea of the experiences that others have had with that company. Chances are, your experience will be similar.

Do Some Digging – Pay attention to the state or province that the company is located in and do some digging with state and national agencies to see if there is any real company that is listed under the name provided or that has a DBA (doing business as) listed under that name. If a company isn’t operating as a legal entity, there is very little protection for their customers.

Follow Your Gut – Finally, follow your gut. At the end of the day, there are real companies that are registered, but don’t have the best interest of their customers in mind. Nonetheless, consumers are generally pretty savvy. Follow your gut. If you think something smells fishy, find another provider, there are plenty in the cryptocurrency space!

This article has been republished with permission from Modest Money.