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The easiest way to identify a pump and dump scheme is when an unknown coin suddenly rises substantially without a real reason to do so . This can be easily viewed on a coin’s price chart. Coincheckup, for example, has set a benchmark of a 5% price increase in less than five minutes as its indicator.

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Staking via a cryptocurrency exchange means that you make your crypto available via an exchange for use in the proof-of-stake process . In essence, it enables holders to monetize their crypto holdings that would otherwise lie idle in their crypto wallet.