How to detect a fake/scam LENDING platform.

The cryptocurrency lending market is growing rapidly, but with this growth comes an increase in the number of scams. Fake crypto lending platforms look legit but are actually designed to steal your money.

Here are some signs for you to realize if the platform is a scam:

1. The platform is not regulated. A real crypto lending platform will be regulated by a financial authority.

2. Platform with too high fees. Legitimate crypto lending platforms usually charge low fees.

3. The platform is not transparent and the web is badly designed and they did it quickly and easily.

If you are not sure if a crypto lending platform is legit, it is better to be cautious and avoid it.

There are many legitimate and very good platforms, so you better not take that risk of losing your money.

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