If You Can’t Withdraw Your Crypto, Stay Away

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.

COMMENT

15

Abdul Kadir
17 May

These are good point one must look for, before dabbling into doing the stuff on any site.

Have been a victim of so many platform thT doesn't pay at the end.

1 REPLY

20

preview not available Adelan o
17 May

This are very important pointers to note, I personally will not put my hard earned money into projects that don't look legit, and these pointers should direct anyone on making accurate choices on whether to give the platform a chance or not.

Uptrennd is just miles apart from the rest...Legit and Awesome..... Cheers

0 REPLY

14

kenneth kayan
17 May

these are really improtant tips, but can you please help a brother out, cause as of now i only use, LBRY, Publish0x, BitChute, Uptrennd, Dtube, but i haven't really managed to fully get my head around how to earn from Bitchute, are there some tips you know of that you can please share with me on how to go about that. thanks 

0 REPLY

12

Kibike Sylvanus
17 May

Your right. In the world of many project scammers now, if you can withdraw your money worked or invested in the platform,, stay away period.

0 REPLY

12

Matthew Rosenquist
17 May

How about adding these:

1. Too high of requirements to post a blog.  Ex. a 500 word count minimum.  

2. Poor ability to add pictures, videos, or links in a post

3. No plans for a mobile platform

4. No development activity (or really slow)

5. Full of bots versus people actually interacting

6. High degree of plagiarism  

0 REPLY

19

Scott Cunningham
18 May

I wouldn't say no mobile platform means it's not worth using. I haven't seen anything with too high requirements for blogging so I never have found that. For 2. that is covered in lack of media functionality. 

4. That's true
5 & 6. Depends on centralization etc

1 REPLY

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