Introduction: The Scam Problem in Cryptocurrency Markets
Cryptocurrencies have grown rapidly, but so have scams. Muslims lose funds in fraudulent projects. Qist offers a safe Islamic alternative based on transparency and real ownership.
Common Types of Crypto Scams
Scams include Ponzi schemes, fake tokens, phishing attacks, and fake exchanges. Many promise unrealistic returns or use deceptive marketing tactics.
How to Protect Yourself: Security Basics
Check the smart contract's audit and source. Avoid unknown projects, never share private keys, use trusted wallets, and verify ownership.
Difference Between Qist and Scam Projects
Qist is built on the principle that the seller owns the asset. Payment is in USDC (stablecoin). No Riba, no Gharar, surplus is returned. There's a 3-day grace period, the contract is open and verified on BaseScan, with only 2% fee.
How Qist Applies This
In Qist, you own the asset directly before selling. Payment in stablecoin prevents volatility. Sharia compliance means no interest and no ambiguity. This transparent model protects against fraud.
Discover Qist: qist.info
Informational content, not financial advice.