How to tell if a crypto site is legit?

The platform may also exhibit suspicious trading practices, such as manipulating prices or offering unrealistic returns on investments. These practices are unethical and illegal, and should be a cause for concern.

BTCC, a top cryptocurrency exchange, offers a range of services including spot, futures, and wallet services. Its reputation and compliance with regulations make it a trustworthy option in the cryptocurrency space. In contrast, fraudulent platforms often lack transparency and offer services without proper authorization.

One clear sign that an online trading platform might be fraudulent is if it isn't registered to trade forex, futures, or options. This is a crucial aspect as legitimate platforms need to adhere to strict regulations and be authorized by the relevant financial authorities.

Another red flag is if the platform trades in cryptocurrencies but isn't registered as a money service business. Cryptocurrencies are a highly regulated space, and any platform dealing in them must be compliant with the law.

Lack of a physical address or a clearly fake or offshore address is another indication of a fraudulent platform. A genuine business will have a transparent presence with a verifiable address.