Track over 10,000 crypto prices in real-time with ease. ICO stands for Initial Coin Offering and refers to a method of raising capital for cryptocurrency and blockchain-related projects. Typically, a project will create a token and present their idea in a whitepaper.
As there is no regulation, the people running the platform can pocket your money while bearing no responsibility for their criminal actions. Companies providing online investment services without a license cannot provide their clients with any sort of protection. In contrast, regulated firms are required by law to adhere to a slew of regulations that ensure the safety of clients’ funds. Coincpex is an unregulated investment platform similar to Cryptolivecapitals, which we reviewed earlier. Problem with unregulated investment platforms is that they are not reliable and abuse the regulations.
Make sure to stay away from them as they are anonymous and that they can disappear any time without notice. Even though market cap is a widely used metric, it can sometimes be misleading. A good rule of thumb is that the usefulness of any given cryptocurrency’s market cap metric increases in proportion with the cryptocurrency’s trading volume. The market overview section provides a big-picture perspective on the cryptocurrency market.
A red flag that we noticed is that they are withholding vital information to users. Theycould go bankrupt from one day to another since there are no banking information about them. A cryptocurrency’s market cap increases when its price per unit increases. Alternatively, an increase in circulating supply can also lead to an increase in market cap.
Report a Scammer
Platforms who are not registered with or regulated by a regulatory organization are considered unregulated. To make sure you are dealing with a regulated and known investment platform, you should be able to find easily who is the CEO of this investment firm, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. This is the reason why they are dangerous to deal with.
- Generally, altcoins attempt to improve upon the basic design of Bitcoin by introducing technology that is absent from Bitcoin.
- These problems are very resource-intensive, resulting in heavy electricity consumption.
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- Cryptocurrency works through networks of nodes that are constantly communicating with each other to stay updated about the current state of the ledger.
Add PIN or Biometric data lock to keep the contents of your crypto portfolio safe from prying eyes and ensure privacy of your crypto holdings with the “Hide Balance” feature. Receive the latest news about our cryptocurrency education courses, events, and guides. CoinEx accepts users from all around the globe, as its website welcomes you with the phrase “Global Market Oriented”. Their website offers multiple interface languages, as well as a mobile app for those who prefer to trade on the go. This renders CoinEx quite user-friendly, as the team behind it had aimed it to be.
This enables a high degree of decentralization and resiliency, making it very difficult for a single entity to arbitrarily change the history of transactions. A distributed ledger is a database with no central administrator that is maintained by a network of nodes. In permissionless distributed ledgers, anyone is able to join the network and operate a node. In permissioned distributed ledgers, the ability to operate a node is reserved for a pre-approved group of entities.
Many Complaints and negative coincpex reviews and other possible scam features can also be the reason. Your funds may not be safe if you are trading with this broker. A stablecoin is a crypto asset that maintains a stable value regardless of market conditions. This is most commonly achieved by pegging the stablecoin to a specific fiat currency such as the US dollar. Stablecoins are useful because they can still be transacted on blockchain networks while avoiding the price volatility of “normal” cryptocurrencies such as Bitcoin and Ethereum. Outside of stablecoins, cryptocurrency prices can change rapidly, and it’s not uncommon to see the crypto market gain or lose more than 10% in a single day.
Our standard assurance policy procedure detects fraudulent and scam websites and further ensures the regular update of data and reviews from time to time. If you have been a victim of any type of scam and lost money already, we might have some good news. Over the years, we have partnered with a few powerful asset recovery companies, and now, in an effort to help scam victims, we could take a look at your case. Did you fall for any other credit card scams, eBay, PayPal, financial, or even romance scams, etc.? Due to several requests, please fill THIS FORM if you lost more than $1,000US to any type of fraud.
There is also the insolvency protections that coincpex platforms does not have access if they go bust. You ought to receive an instant reply to your query, if not fast. Nevertheless, fraudsters cut off communications upon receiving your money.
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The developer provided this information and may update it over time. The watchlist feature allows you to remove the clutter and only track crypto assets you’re interested in. The cryptocurrency watchlist is a great way to keep track of the coins you want to keep an eye on, and you can add any number of cryptocurrencies to it.
The process of recovering the money is intricate and requires a lot of tedious work. However, we’d be happy to take a look at your story, so hopefully, you’ll get your money back. If you want to invest in cryptocurrency, you should first do your own research on the cryptocurrency market. There are multiple factors that could influence your decision, including how long you intend to hold cryptocurrency, your risk appetite, financial standing, etc.
How To Recognize Scams
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For any given coin, you will be able to select a custom time period, data frequency, and currency. The feature is free to use and you can also export the data if you want to analyze it further. Crypto market capitalization or “crypto market cap” for short is a widely used metric that is commonly used to compare the relative size of different cryptocurrencies. On CoinCodex, market cap is the default metric by which we rank cryptocurrencies on our frontpage.
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Unregulated investment scams, in particular, are usually operated anonymously. They usually target traders and investors with little or no experience by promising fictitious investment opportunities. You’d better stay far away from unregulated entities and trade with regulated platforms only. Coincpex.com is an offshore broker which is not regulated by any reputed regulation authority in its region. The broker may operate in many countries without the regulation required by the reputed regulation authority in its country like CySec, ASIC, FCA, CNMV etc. But regulation can’t be the only reason for calling this broker as a scam.
With permissionless cryptocurrencies, a node can be operated by anyone, provided they have the necessary technical knowledge, computer hardware and bandwidth. Although the website is well-developed and the trading fees are quite low, the exchange only supports crypto-to-crypto trading. CDNX is the only exchange with U.S. paper money listed by Friedberg number. Our unique platform offers auction records and Greensheet values to help you make buying decisions.
CoinCodex provides all the data you need to stay informed about cryptocurrencies. You can find cryptocurrency charts for more than coins, and access key data such as up-to-date prices, all-time high price, cryptocurrency market cap, trading volume and more. If you need more precision, you can select a custom date range.