Because a lot of people missed buying Bitcoin when it was less than a penny, people created other coins so they can meet up with what they would have earned if they had bought Bitcoin earlier. And because quite a lot of investors do not have a knowledge full knowledge of what the Blockchain is, they usually do not know what and what to look out for in a crypto project and platforms before they can know it's a scam.

Identifying a scam website and platforms is not a difficult thing, by merely paying attention to some vital things will give you a quick hint on the type of website you land on.

Firstly is to check the quality of the website structure, if it's of low quality and the colour combinations and the lexis of the website is poor, then it's a red flag. Scammers do not understand good english and wouldn't pay attention to it since their focus is scamming people.

Secondly, you can check out the website history on wayback machine. Wayback machine is a website archive that stores the front-end data of websites and public documents, used to access previous files and data incase it's lost. when you get to wayback machine, you will input the platform's website in the search box and search for how the website was developed. Scammers usually buy old domains with longer registration timez so that people who market them can say the website has been in existence for long and people would fall for it, but you can't hide that from wayback machine, it will show you when the domain was placed on sale and when it was in creation.

Also, any website promising unrealistic return with or with no evidence of tangible realtime trading is a scam.