What are the best strategies to avoid falling victim to pump and dump chart schemes in the cryptocurrency market?

1 answers

• Dec 15, 2021 · 3 years ago
  At BYDFi, we prioritize the safety and security of our users. To avoid falling victim to pump and dump chart schemes in the cryptocurrency market, it is important to choose a reliable and trustworthy exchange. Look for exchanges that have robust security measures in place, such as two-factor authentication and cold storage for funds. Additionally, pay attention to the trading volume and liquidity of the cryptocurrencies you are interested in. Pump and dump schemes thrive on low-volume coins that can be easily manipulated. By sticking to established cryptocurrencies with high trading volume, you can reduce the risk of being caught in a pump and dump scheme. Remember, always do your own research and never invest more than you can afford to lose.
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