In general, there are five types available on the play store namely, Crypto Price Tracking Applications, Crypto News Applications, Crypto Wallet Applications, Crypto Trading Applications and Crypto Mining Applications
Each cryptocurrency has a different purpose. However, I will primarily be focusing on how to spot fake cryptocurrency android applications and also explain their intentions.
Spot fake Cryptocurrency android apps
As cryptocurrencies’ value is growing, hackers have found a new market to continue with their fraudulent activity, smartphone applications. A study shows that most of the android applications are vulnerable to many security risks.
You can follow these few steps to spot the fake applications, check the legitimacy of the application, analyse the ratings, downloads and reviews, check the reputation, read scam news on Crypto news sites and do some research on the person or organisation behind the application.