FintechStartups

Scams and Scammers in The Crypto Space Now a Thing of The Past

By Theo Mwangi, COO at Bitlipa

Remember the first time you came across Bitcoin? The first thing that came to mind was probably ‘scam’. The thing is, Bitcoin is highly technical and it takes time to familiarize yourself with. That and the fact that there was not much information about this new cryptocurrency made it even more unattractive.

Such an environment was conducive for scammers and other phony and shady dealers. That in itself made it taboo and ironically its market was growing, exponentially. There are many reasons people joined this market. We won’t venture much into that right now.

As with dealing with any other asset class, it is important to do due diligence, in fact, it is a general rule if you are buying anything unfamiliar. Over the years, we have seen more material, research, exhibits, and meetups that are diving deeper and deeper into this technology. That simply means you have an advantage if you take the time to do some research.

ALSO READ: Understanding Bitlipa, Kenyan P2P Borderless Remittance Network

Growth has also come in the form of online platforms, such as Bitlipa, that are at the forefront of making the process easier for players in their geographic jurisdiction. For example, users on our platform are able to exchange fiat for crypto and vice versa. This in itself is helping users to understand how the bitcoin infrastructure works. However, I still insist that one should do due diligence before trying to purchase any asset class.

crypto

Install Bitlipa

[appbox googleplay com.app.bitlipa]

AlSO READ:  How to Use New Bitlipa and PaxFul Partnership to Earn Money Online

Follow Techspace Africa on Facebook and Twitter. For the latest news, tech news, breaking news headlines, reviews and live updates check out tech-space.africa


Nigel Jr.
As a tech enthusiast and expert, Nigel Jr. is dedicated to providing in-depth and insightful content on all things technology. With a background in online journalism, product reviewing, and tech creation, Nigel has become a trusted source for all things tech.

You may also like