How to Protect Yourself from Wash Trading?
đ” Choose your exchange carefully
Prefer large, reputable exchanges with a strong track record.
đ” Analyze the market
Use third-party analytical tools to verify trading volumes and compare data from different sources.
đ” Stay vigilant
Donât rely solely on trading volumes when making investment decisions; consider other factors.
Wash trading is a serious issue in the cryptocurrency market, and understanding how it works will help you better protect your investments.
