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What is the difference between depositing coins and buying coins (coin deposit scam)

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What is the difference between depositing coins and buying coins? In the traditi

What is the difference between depositing coins and buying coins (coin deposit scam)

What is the difference between depositing coins and buying coins? In the traditional financial market, purchasing tokens is done through investment platforms. Because the price of cryptocurrencies is highly volatile and investors have a strong interest in investing in this asset, it often leads to price drops. When mainstream digital currencies like Bitcoin enter the exchange for trading, a premium phenomenon occurs (as investors are mostly short-selling), making it an unstable and risky product, which in turn leads to a price crash and triggers investors’ panic and speculative frenzy. (Blockchain industry news)

Coin deposit scam

Recently, PeckShield has detected fraudulent activities in the community known as the “coin deposit scam”. The platform claims that after users invest 100 yuan in a certain project, the scammers will transfer the defrauded amount to a fake website. Once users deposit money into the project, they can withdraw it as digital currencies, legal currencies, or other encrypted assets, and then buy back tokens or exchange them for other tokens at zero cost. Subsequently, these scammers also release announcements warning investors not to be deceived. (DeepChain Finance)

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