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How to Work Out if a Bitcoin Site is Legit

By: Shitlister

When working with something, such as Bitcoin, that you may not be entirely confident about, it can be difficult to know what is and isn’t legitimate and safe to use. As Bitcoin is not centrally regulated and is open source, there are some bad people who want to take advantage of this and create sites that scam and rip-off users.

 

These people are clever, and so the sites are likely to be hard to differentiate from more legitimate sites and leave you feeling the effects. So how can you work out whether a Bitcoin site is safe to use?

 

As with lots of things online, one of the easiest things you can do is check to see what the reviews are saying. If other people are saying, it’s a scam then run for the hills! If something feels too good to be true, there is a chance that it might be, so make sure you read reviews and see whether any of their claims are substantiated.

 

You can also tell based on the amount of time that a website has been operational for. Although of course, everyone needs to start somewhere and all websites were new, once, it is a rough rule of thumb that sites that are younger than a few years old are more likely to be a bit dodgy!

 

Another easy search you can do in order to decide whether a site is legit is by looking to see whether there is a registered company name for the website. Scam sites are rarely officially registered, and so this can be a good indicator as to whether the site that you are considering using is okay to use or a dodgy scam.

 

If a website has certificates, such as those provided by Comodo, McAfee, or AVG, it is likely to be more legitimate. The more certificates, the safer you can feel using it, so this is an easy thing to check before sinking your money into a website.

 

These are just a few tips you can use to help you build a clearer picture as to whether a Bitcoin site is really as great as it advertises, or whether it is a clever scam designed to steal your money! The more of these small tests you can run, the better to keep yourself (and your money!) safe and protected!

 

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