Sketchy Crypto Exchange? WikiBit Is Here To Help!

More people will invest in the Metaverse in 2022, boosting cryptocurrency and blockchain. Scammers have created fake cryptocurrency trading websites and wallet apps while most of us are still learning how it works. They set up fake cryptocurrency trading platforms and wallets to defraud victims. These spammy links have similar but slightly different domain names than legitimate ones, making it hard to tell. Some copycat websites appear high in search results and look just like the real ones. What to do with sketchy Cryptocurrency platforms？ Tell it via WikiBit's Exposure section!

WikiBit provides blockchain exchange/token/project information questions, word-of-mouth comments, complaint and rights safety, potential exposure, and credit evaluation. This kind of application serves as a guide to those who want to invest in cryptocurrency but dont have an idea how.

It also serves as a fact-checking platform to know if an exchange that youre investing in is legit and regulated. It lessens the possibility of you getting scammed in the crypto world.

On the WikiBit website, you can search up the validity of potential tokens or exchanges that youd want to buy or buy from. You can look up the market cap, price, and supply for tokens while you are the regulatory body of exchange—this guarantees whether a platform is trustworthy.

On the other hand, If you know a website that is taking advantage of newbie investors by creating fake sites and scamming people of their money—you can expose them via Wikibits Exposure section.

Upon the entrance of the WikiBit site, you can see an Exposure selection on the upper part beside the forum. It serves as an avenue for investors to reveal sketchy exchange platforms or cryptocurrencies that they know or have experienced.

Click the Expose selection button and it will bring you down to the comment section in which you can choose options on what kind of sketchy behaviors that a platform have done.

You can choose between Unable to Withdraw, Scam, or Others.

Upon exposure, you may search for the specific exchange that you would want to expose. You can even add pictures for proof and reference. Click Release if done. Once finished, your comments are added to a particular exchange that you reported—in this way, potential investors will have a warning to double check on the legitimacy of the platform.

As a reminder, WikiBit is ready to help you search the qualifications and reputation of projects in a bid to protect you from hidden dangers in this risky industry!

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