How to Separate Scams From Legit Projects?

How to Separate Scams From Legit Projects?

TurboXBT is a leading synthetic trading platform that provides new and experienced traders with a secured platform to trade crypto assets and earn up to 90% profits in 30 seconds. The platform was launched recently but aims to become the leader and currently offers outstanding conditions to facilitate secure trading while ensuring the safety of its users’ funds and personal information.

Spotting Scam Projects From Legit Ones

As new projects emerge in the crypto space, telling which scams are legitimate gets harder. Here are some tips on how you can separate scams from legit projects.

The Offer Is Too Good to Be True

Most scam projects offer unrealistic profit margins to lure you into trading with them and lose your money. When you see trading sites with offers that are too good to be true, then you’re probably right. For instance, TurboXBT offers up to 90% profit from a single trade of 30 seconds, which is realistic as far as trading goes. However, sites that offer higher profits might just be scammers trying to rip you off.

Domains Are Usually Not Encrypted 

Another way to spot scam projects is by looking at the URL of the website if there’s a green padlock next to it. A URL without this tiny detail means that the site is not encrypted; as such, any information you provide on that website can get intercepted by hackers or harvested by the scammers behind the project. 

For instance, TurboXBT’s website uses Bank-grade security on its website to ensure every user’s information and money is safe at all times. Note, however, that some scammers can forge this detail to trick unsuspecting users. As such, this tip should be combined with the others on this list to protect yourself fully. 

Very Limited Payment Options

Scam projects are often in the habit of providing just one payment method to deposit funds. Legit platforms like TurboXBT offer several ways to make deposits, including debit or credit cards, bank transfer, and popular cryptocurrencies, including BTC, ETH, and USDT. When you sign up to a trading platform, and they only offer limited deposit options, it’s a sign that they’re out to scam you. 

Better Trading Outcome Enhanced by a Secure Platform

Being a successful trader goes beyond just making winning trades frequently. It also involves having the peace of mind that your deposits and potential earnings are safe 24/7 and can be accessed whenever you want. With TurboXBT, you have that peace of mind thanks to its state-of-the-art trading algorithm backed by Bank-grade security protocol.


Everett Dooley is a Finance and Cryptocurrency Analyst He has worked for almost a decade on several financial projects related to the stock market news, fundamental research and technical analysis for several websites. He obtained his Masters Degree In finance.

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