Tips on how to avoid scam

I generalize cryptocurrency as the future in the sense that its eagerness to rule the world has dominated many other priorities of its kind. If you ask me how cryptocurrency has been in the year 2021, I will say it’s pretty equal and my straightforward reason will always be that some benefited massively from it and the novice ones swore with their lives never to venture into it again because they might have lost pretty bad.

Consumer protection risks remain substantial given limited or inadequate disclosure and oversight. For example, more than 16,000 tokens have been listed in various exchanges and around 9,000 exist today, while the rest have disappeared in some form, many of them have no volumes or the developers have simply walked away from the project. Some were likely created solely for speculation purposes or even outright fraud.

Yeah, Scam has been one of the major hindrances in the cryptocurrency market due to the stage of the whole system but every market sector in the world has its own fraudulent activities, the only difference is that the adequate technology to protect the investors has not been perfected yet due to the fact that the whole crypto market is still very young.

Birizon is actively testing new security system software to find the best solution which reduces the rate of cryptocurrency-related activities in the whole market. We are currently running a security system on our whole system that detects any signs of hack or cyber breach however we are very small compared to the whole market which means the level of security will be different in some exchanges and investment firms, so we advise our readers and client to be very careful when making an investment.

The best way to avoid scammers is by having an offline wallet that stores all your funds when currently not in use, or by investing in companies with external or offline wallets like Birizion trust. We have a fully internal networked Data Centre that stores every bit of our client’s funds and can be accessed by the client anytime he/she wishes.