If You Can’t Withdraw Your Crypto, Stay Away

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4 years ago
In communities: Blockchain Social Media(0fa4) , Cryptocurrency and Blockchain(7b7f) , Cryptocurrency(10fa)

I’ve made many videos not recommending multiple platforms in the past for many different reasons and have many red flags that I look for when reviewing platforms for my comprehensive review. Given many people from those platforms are naturally upset, I’d like to revisit my red flags list.

The biggest and most obvious red flag to look for is whether or not you can withdraw your cryptocurrency from the platform you are using. We will dive into all of them, but this is the easiest indicator. Some people have criticized this saying things like “you haven’t researched enough” or “don’t judge a platform off one thing” or “you have to give them more time” which I get, but there are already more than 10 viable major blockchain or crypto-monetized platforms that don’t have these issues so the question is why risk it? Some might respond to that and say “just have faith” or “it’s the best platform so just wait” but if it was really the best, wouldn’t it have solved these issues?

 

These are the red flags that I look for in a blockchain social platform to determine whether I would recommend it to others:

• Too niche

• Lacking media functionality

• Mainly messenger-based

• Too much resistance when joining or using the platform

• Not working / lacking users / no engagement

• Invite only

• Requires a download

• Requires spending crypto to interact

• Non-English

• Requires excessive verification / verification doesn’t work properly

• EOS & Tron dapps that don’t work

• Fake or valueless blockchain or crypto

• Not free to use

• Unable to withdraw your funds

 

In the video, I will dive into each and explain my reasoning for including them. The platforms that I use today are LBRY, Publish0x, DTube, 3Speak, Bitchute, Flote, Cos.TV, Memo.cash, Read.Cash, Minds, Vibravid, and Uptrennd.

 

What do you look for in a blockchain social platform or better yet, what do you hope not to find on a platform? What do you think of the red flag identifiers I use? Am I missing any and or do you disagree with any of my choices and why? Feel free to comment your thoughts below also please like and subscribe if you enjoyed it.

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In communities: Blockchain Social Media(0fa4) , Cryptocurrency and Blockchain(7b7f) , Cryptocurrency(10fa)

Comments

It's a wonderful articl. I Like your article. .... i will try to give you my best......man

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User's avatar Sadiasapa
4 years ago

i happen to be following you on lbry publishox n youtube you have sone nice contents an i really enjoy them

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User's avatar limax21
4 years ago

Sometimes there might be a lot of spam and bots in a platform. We see this happening in uptrennd, although lately it has been reduced. I've also read that read.cash has added some point system for comments, and that spam comments have been increased in this platform as well.

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User's avatar Otsowamchodzi
4 years ago

point system has changed to mitigate it. read.cash published an article lately.

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User's avatar Koush
4 years ago

I'll have to take a look into that, but TBH it doesn't look like much has changed in the way of points and post comments. I still seem to be getting the same amount from comments.

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User's avatar t0ny420
4 years ago

I found same article at publish0x hope its the same author.other wise its gonna be copy paste. Better mention something about it. Other wise its not nice at all.

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User's avatar Abothe
4 years ago

It's me, I share my content everywhere

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User's avatar scottcbusiness
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4 years ago

A bigger red flag is deposit some Eth/Btc to withdraw your tokens.

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User's avatar potta
4 years ago

Lmao true, I haven't seen that

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User's avatar scottcbusiness
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4 years ago

Its a wonderful Articl. I like your article.i will try to give you my best

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User's avatar Jamshed
4 years ago

Sometimes there might be a lot of spam and bots in a platform. We see this happening in uptrennd, although lately it has been reduced. I've also read that read.cash has added some point system for comments, and that spam comments have been increased in this platform as well.

Anyway in my opinion a successful platform should be fast and free of bugs. Uptrennd for example is still having many issues with lags and options that are not working well.

Publish0x looks ok, but still for some reason there are too many projects posting there and getting a share from the tokens. Why would Changelly get a share from tips, just for advertising their product through this platform. I think that any project that is posting in Publish0x with their name should not be rewarded with tokens.

They just advertise their product and there are people that actually make quality and honest posts there. It is not just changelly but many more. It seems that half of the earned coins are going to other projects. Not that it is too much, yet these should belong to individual authors. This is my opinion.

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User's avatar zenthereum
4 years ago

I totally agree with you the spam commens is really annoying and I think it should be dealt with

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User's avatar Dangerous_Fly
4 years ago

Dangerous_Fly Do you agree on my approach on plagiarism as well? I think that you will like it.

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User's avatar zenthereum
4 years ago

Yes I agree totally..

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User's avatar Dangerous_Fly
4 years ago

Nice article with some reasonable information. Most of the listed points are common to those scamming websites. Thank you for giving the red flags.

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User's avatar Olad
4 years ago

Thanks man for this article.. I have lot so much money from guys

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User's avatar Ekpocha
4 years ago

Being required to bring in referrals when you must have gotten to minimum payouts. The tips are good and useful. Thanks for sharing

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User's avatar Chidawn23
4 years ago

You've said it all and your observations are quite true. I have wasted a whole lot of time and money on such useless platforms and I'm not ready to continue with them.

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User's avatar dep2001
4 years ago

Always research the platform you are using. Check reviews around the internet and etc... Also always do a couple of "sample activities" to determine if the time you are putting in is even worth it.

For example for the amount I recieve on Publish0x it doesn't really seem worth it to dedicate my time to the blog articles.

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User's avatar t0ny420
4 years ago

All your articles are inspiring.This is a very wonderful article

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User's avatar DanielChimenem
4 years ago

hi, can I have your viewpoint about https://cryptominer.tel/ ?

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User's avatar YUTAVA
4 years ago
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