In this post you will learn how to spot a Bitcoin scam, using free and simple tools.
With so many new Bitcoin services showing up every second it’s sometimes hard to tell who’s legit and who is a scam. I have to admit that I can also get fooled by some of these sites since scammers have become pretty elaborate in their ways of hiding their true nature.
However, using a specific toolset you can come to a fair assessment if a specific Bitcoin business is indeed a scam. This toolset is comprised out of different online tools which will help you learn about any Bitcoin site’s reputation throughout the web.
Hopefully next time you encounter such a business you’ll use the process I’m about to explain and decide for yourself if the business is legit. I recommend you bookmark this page so you can refer to it later on when you encounter a business that needs to be put to “The Bitcoin Scam Test”.
Tool #1 – Bittrust reviews
Bittrust is a website that was formed in order for people to review other Bitcoin businesses. Using the search bar on the top it’s pretty easy to find many reviews about different players in the market.