Avoid Getting Scammed in Cryptocurrency – here are 80+ coins that raise major red flags

Bitcoins and dollars, money and currency exchange rate concept

Whether you are new to cryptocurrency or not, emotional investments/FOMO (fear of missing out) decisions will lead to risky decisions. While someone investing $300 they can afford to lose has a lower risk of being impacted by fraud, someone who decided to put in 50% of their life savings takes on a huge risk. We are not here to tell you how to invest your money, we would like to suggest that you read up on “Investing Wisely in Cryptocurrency: Key tips for making investment decisions” to help get an idea of how to reduce your overall risk in cryptocurrency.

Now, the amazing community over at Reddit and Reddit user PM_Poutine, has compiled a list of 80+ coins that raise major red flags and you should proceed with caution before jumping head first into these coins.

Remember, if something sounds too good to be true, it probably is. To identify some red flags, read “Key steps to take before you invest in cryptocurrency” to aid you in your research of crypto.

Here are the 80+ coins that you should be cautious about:

  1. BCC Cash (note that this is different from Bitcoin Cash)
  2. BCHconnect
  3. Billion Bit Club
  4. Binary Coin
  5. Bit Sequence
  6. BitAI
  7. Bitchamps
  8. Bitclub/clubcoin
  9. Bitcoin Ascension (pyramid scheme)
  10. Bitconnect X
  11. Bitether
  12. Bitfinite
  13. Bitfintech
  14. Bitglare Coin
  15. Btchash
  16. Btc-Rush
  17. Btcwait
  18. Chrysos
  19. Coinrium
  20. Cointeum
  21. Coinspace
  22. Dascoin
  23. Davor
  24. Ecomcash
  25. Eigencoin
  26. ETHconnect
  27. Etherbanking
  28. Exacoin
  29. Falcon Coin
  30. Farstcoin
  31. Ficoin
  32. Firstcoin
  33. Forzacoin
  34. Futurecoin
  35. FUU Coin
  36. Gold Reward Token
  37. Goldgate
  38. Hedgeconnect
  39. Hextracoin
  40. Home Block Coin
  41. HotCrypto
  42. Hydrocoin
  43. Ibiscoin
  44. iCenter
  45. Ideacoin
  46. iFan
  47. Iotaconnect
  48. Knox Coin
  49. Legendcoin
  50. Lendconnect
  51. Lendera
  52. Libra Coin
  53. Liteconnect
  54. Loancoin
  55. LoopX
  56. Martcoin
  57. Moneroconnect
  58. Monetize Coin
  59. Monyx
  60. Neoconnect
  61. Numiv
  62. Oalend Coin
  63. Onecoin
  64. Pagarex
  65. Purpose/DUBI
  66. Regalcoin
  67. Rothscoin
  68. Secular Coin
  69. SFICoin
  70. Steneum
  71. Stepium (pyramid scheme)
  72. Swisscoin (pyramid scheme)
  73. Tenocoin
  74. TEX Coin
  75. Thorn Coin
  76. Ucoin Cash
  77. Unix Coin
  78. USI Tech
  79. WCI
  80. Western Coin
  81. XRPconnect