With crypto currencies there are many posssibilities to invest. There are many great legitimate websites, but unfortunately there are also several scam websites out there. In this blog I want to cover how you can determinate if a website is trustworthy
1. open the correct url first
The first step is opening the website first. Make sure you type in the link yourself and verify first you are on the right website. Do not open links sent via email often those are phishing websites and this blog only covers original websites.
2. Scroll through the website
Check first how the layout and navigation is on this website. Do all buttons work and are menus all logical and working correctly. When menus aren’t working at all it shows that website is poorly designed and investing is not recommended
3. Check if language is comprehensible
The language should be crystal clear and typos should be avoided. Also check if there are no claims too good to be true. A website claiming high hields after a few minutes are not realistic and due dilligence is recommended before signing up.
4. Check out the team behind website
Next step is to check the team behind the website. Who are they, can they be reached on social media? Are the emails working correctly and do they respond on a reasonable time? If the team is not clear and emails are not working it’s a clue that website might be fraudulent
5. online reputation and user experiences
The next step not to forget is to check the reputation of the website and experiences of other users. You can review reputation on trustlink and other websites related to experiences. Will funds be deposited and are withdrawals easy and clear? If many users have negative experiences it’s clear new users should refrain from signing up.
6. Is the product or concept clear?
After checking the points above the next step is to check the product or concepr they want to develop. Is the idea clear and how is the progress of the project? What is the timeline of the project? And will the product or concept really solve an existing problem? If the product is unclear or too eary staged it’d recommended to wait. Also check if the promises are realistic.
7. Check for irregulatities after signing up
The final step is after you signed up successfully is to check if they ask for irregularities. A website should never ask to give data like passwords and private keys to wallets. Outside signing in website should never ask to give passwords. If they do stop using website and never use same password for multiple websites
I hope this blog helps people to double check a crypto website before signing up or transferring any funds.