How to check if crypto is legit?

When it comes to navigating the murky waters of cryptocurrency, the question of legitimacy is paramount. With so many tokens and coins emerging every day, how can investors ensure they're not being duped? The first step is to conduct thorough research. Look for a project's whitepaper, roadmap, and team members. A legitimate crypto project will have transparent goals, a well-thought-out plan, and a team of experts behind it. Additionally, check the project's social media presence and community engagement. A robust community is often a sign of a healthy and legitimate ecosystem. Furthermore, investigate the token's liquidity and trading volume. A legitimate coin will have significant trading activity and liquidity on reputable exchanges. Lastly, be wary of promises of instant riches or "guaranteed" returns. Legitimate projects don't rely on such gimmicks to attract investors. Remember, investing in crypto is risky, so always do your due diligence before parting with your hard-earned funds.