Pump and Dump uses Fake exchanges. Check the exchange on coinmarketcap.com before investing
Let me jump straight to the point and promise on not filling up pages and pages of words. My aim is to keep the topic non technical. I urge you to read this if you are thinking of — or planning to invest in Pump and Dump
Many of us have learn the lesson in hard way when we lose money. By just reading this you may save some your hard earned money.
This is for people who don't know what pump and dump is. If you are familiar then skip to next para : Pump and Dump schemes make you think that you will be joining the scheme and make fast money of 200% plus in few minutes. Here the scam is not about manipulating the market at all. Its using the fake exchange where you put the money in. In your heart you may say — Crypto is still un- regulated so even if i join pump and dump i will not get in trouble- this may be true; please realize that the pump and dump is not about that; this is about you putting money in fake exchange first and seeing that your money is increasing BUT sad part you cannot withdraw. Say the scammer does scam $2k from 1000 people then they will close this exchange in few months and pocket 2 Million :(
Check the exchange you are sending the money. Its fake for sure. Do a search on https://coinmarketcap.com/rankings/exchanges/ ; see if you can find this -if the answer is NO then 100% fake
When you search an exchange name, most of the time it would say — opened few months, or even few days ; that means that the fraud has been happening for that much of a time. go to https://www.scamdoc.com/ and check and it; you will get a report something similar to this.
Hope this helps and I just saved you from losing your money. If you have found value please click the APPLAUD “clap hand” and subscribe. For any details on this topic please message me and i can send some YouTube links for you to watch, my experiment with the pump and dump on the strategies they use to ask to deposit more money so that you meet the minimum and you can with draw your funds etc…THE MONEY YOU CAN NEVER WITHDRAW. My plans is to write on all crypto topics. Please keep an eye. Take care ……