This story was originally published on HackerNoon at:
https://hackernoon.com/5-steps-to-recognize-a-legitimate-centralized-crypto-service.
It’s almost always possible to distinguish between a legitimate platform from one that it’s not. A lot of obvious red flags are there if we know where to look.
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It’s easier to be scammed in the online world, and cryptocurrencies haven’t been saved from it. Their internal platforms are mostly safe and useful, but centralized middlemen around them are another case entirely. There are legitimate crypto exchanges and projects, but there are also malicious copycats and brands designed just to snatch the coins of their followers.