101 Series: FCOIN

It’s been a few months now since the Bitconnect Ponzi scheme crumbled (Thats a SCAM!). But contrary to what Carlos Matos would have you believe the world is still the same, and as long as there is money to be made there will continue to be cheats and swindlers looking to take advantage of unsuspecting cryptocurrency investors. Is FCOIN a scam? Almost certainly, and we therefore created this 101 breakdown both as a PSA for the crypto community and as an exercise in spotting the red flags which help us identify this project for what it is – fraud. There is no doubt FCOIN gets an F as an investment, but by learning the tells of those trying to swindle us, you can still get an A as an investor.

LINKS TO TOPICS FROM THE SHOW

FCOIN Whitepaper

FCOIN Website

FCOIN Wallets & Balances

Article: FCoin Exchange Now Compared To Ponzi Scheme

Reddit: One of the biggest scams to ever hit Crypto - Welcome to FCOIN Exchange

Article: Ponzi Scheme (Investopedia)

Article: PR: Former Huobi CTO Zhang Jian Launches FCoin, Gaining Investments from Top Venture Capital Firms

Is this the same Zhang Jian? Article from 2017

Article: Who is Zhang Jian? 8 things to know about the self-proclaimed "future richest man in the world"

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These links are all referral links for us, but we use every one of these exchanges and wallets.

Robin Hood is getting in the crypto game! You get a random stock valued between $5 and $200 and so do we, this is super exciting. Robin Hood has been one of the best experiences we’ve had with a

CASH APP HAS BITCOIN! If you sign up through that link the show gets $5 and so do you! Stop the presses. The easiest to use money transfer application (yes it's easier than Venmo) now as a built in way to buy and sell Bitcoin. They even have a no - fee debit card you can use.

Binance Exchange Binance is the primary location for many of the coins that are not available on CoinBase. They have the best user experience, don't use the USDT as a primary trading pair, and have reasonable customer service. Give them a look.

Ledger Wallet Website This is where you buy the hardware wallet that we're always talking about on the show - we all use a Ledger Nano S.

Podcast Theme Music

Neledrax by Earradiate (2017)

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