If you’re unsure or don’t want to take the time to research coins you haven’t heard of, stick with investing in the top cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Cardano. You can also read the whitepaper created for the currency’s initial coin offering (ICO) to vet more details. To vet a new currency, start by looking into the team behind its development. With names like Dogecoin and OMG attached to legitimate currencies, it’s no wonder would-be investors can have a tough time spotting this and other fakes. Thousands of cryptocurrencies exist, and new coins are developed regularly. The company claimed the 'My Big Coins' it sold was a fully functioning currency backed by gold. government arrested the operator of the fraudulent cryptocurrency company My Big Coin. If an investment provides returns without that fluctuation, be suspicious. Investments should naturally have fluctuating returns from week to week, especially in rapidly changing crypto markets. They also manipulated a huge drop in earnings when they were ready to cash out and 'retire.'Īlways be leary of investments presented as guaranteed high returns with low risk - that’s a classic too-good-to-be-true scenario.Ĭonsistent returns are also a red flag. Instead of investing funds, the scammers simply manipulated 'earnings' and paid investors with funds from new recruits. government arrested a group of men who’d been running the scam BitClub Network, which lured investors with promises of big returns for investing in Bitcoin mining.

Once new investments dry up, the scheme crumbles as investors can no longer retrieve their money. Just like its stock market equivalent, a crypto Ponzi scheme takes the funds of a new investor to pay existing investors. Scam exchanges also tend to charge high initial fees. No investment can offer that, least of all in the volatile crypto markets. To avoid being a victim of this scam, beware of aggressive invitations to use an exchange, especially with promises of high returns or a guaranteed rate of return. BitKRX named itself after the Korea Exchange, KRX, the largest trading platform in the country, and posed as a branch of the platform to lure investors in and take their money. In 2017, the South Korean government spotted one of the most well-known examples of a fake Bitcoin exchange. The community is bullish as more than 100% of users are feeling good about SafeCoin (SAFE) today.Bonus Offer: Score up to $600 when you open this brokerage accountĭiscover: Best online stock brokers for beginners What is the market sentiment of SafeCoin today? With a price decline of -3.80% in the last 7 days, SafeCoin (SAFE) is underperforming the global cryptocurrency market which is up 3.30%. How does the price performance of SafeCoin compare against its peers? Depending on how the emission schedule of SAFE tokens are designed, it might take multiple years before FDV is realized. This is a statistical representation of the maximum market cap, assuming the maximum number of 36 Million SAFE tokens are in circulation today. The fully diluted valuation (FDV) of SafeCoin (SAFE) is $4,131,651. What is the fully diluted valuation of SafeCoin (SAFE)? Market cap is measured by multiplying token price with the circulating supply of SAFE tokens (31 Million tokens are tradable on the market today). Market capitalization of SafeCoin (SAFE) is $3,582,432 and is ranked #1445 on CoinGecko today. What is the market cap of SafeCoin (SAFE)? Comparatively, the current price is 3,234.20% higher than the all-time low price. The lowest price paid for SafeCoin (SAFE) is $0.003442172850, which was recorded on (over 2 years). What is the all-time low for SafeCoin (SAFE)? Comparatively, the current price is -94.60% lower than the all-time high price. The highest price paid for SafeCoin (SAFE) is $2.11, which was recorded on (about 1 year). What is the all-time high for SafeCoin (SAFE)? The trading volume of SafeCoin (SAFE) is $165.40 in the last 24 hours, representing a -68.90% decrease from one day ago and signalling a recent fall in market activity. What is the daily trading volume of SafeCoin (SAFE)? The most popular exchange to buy and trade SafeCoin is SafeTrade, where the most active trading pair SAFE/BTC has a trading volume of $94.33 in the last 24 hours. SAFE tokens can be traded on centralized crypto exchanges.

With a circulating supply of 31 Million SAFE, SafeCoin is valued at a market cap of $3,582,432. This represents a -2.00% price decline in the last 24 hours and a -3.80% price decline in the past 7 days. The price of SafeCoin (SAFE) is $0.114808 today with a 24-hour trading volume of $165.46. SafeCoin (SAFE) price has declined today.

Bitsafe crypto price