Helpful Guide to Avoiding Black Money Scams

3 min read

When it comes to money, most of us want to believe that we’re savvy and savvy consumers. However, some scams out there can trip up even the most cautious among us. One such scam is the black money scam or the cash wash trick.

Here’s how it works: A con artist will approach their victim and offer to sell them black-coated black coated money for a significantly discounted price. The victim, thinking they’re getting a great deal, hands over the cash. But when they go to spend the note, they find that it’s completely worthless.

This scam is becoming increasingly common, so it’s important to be aware of it. If someone approaches you with an offer like this, say no and walk away.

black coated money

  1. The cash wash trick:

The cash wash trick is one of the most common black money scams. Here’s how it works:

The scammer will approach their victim and claim to have a large amount of cash that they need to clean or wash. They will then offer to pay the victim a percentage of the total amount if they help them out.

The victim agrees and is given a stack of bills to count. Once they finish counting, the scammer returns the money and gives them a smaller amount. The scammer has now effectively stolen from the victim.

To avoid this scam, always be suspicious of anyone who offers to pay you to help them clean or wash their money. It’s best to walk away and report the incident to authorities if you are approached by someone trying to scam you in this way.

black coated money

  1. Why is this trick effective?

When you go to a store to buy something, you expect to receive the change in cash. But what if, instead of giving you your change in cash, the store employee gave you a gift card? You would be surprised, right? Well, this is how the Cash Wash Trick works.

The store employee tells the customer they are out of cash and can only give them a gift card. The customer is then given a gift card for an amount that is less than what they are owed. For example, if the customer is owed $20 in change, they may only be given a $15 gift card. The store employee has just stolen $5 from the customer!

This trick is effective because it takes advantage of the fact that people are not used to receiving their change in anything other than cash.


When avoiding black coated money, it is important to know about the cash-wash trick. It is where scammers will take advantage of those unfamiliar with how currency works. They will coat black paper with a particular solution that makes it look like real money. When the victim takes the bait, they will be washed away with the scammer’s getaway car. To avoid this scam, knowing what real money looks like is important. If you are ever unsure, you can always ask a bank teller or police officer for help


How do Decentralized Exchanges operate and what are they?

2 min read

To begin with, we must comprehend what DEX is. A decentralised exchange, often known as a DEX, is a trading platform where money is exchanged directly between traders without the use of a middleman. You can conduct financial transactions on a decentralised exchange without using a bank or broker as a middleman.

The most well-known DEXs in 2022 are Uniswap and Sushiswap, which run on the Ethereum blockchain. Cryptocurrency exchanges offer a wide range of financial services as well as full wallet management. According to The Block, the DEX’s entire trading volume in March 2022 was $119 billion.

volume dex

The trade of only cryptocurrencies is the primary function of DEX from centralised exchanges. Users cannot convert cryptocurrencies into fiat currencies like USD and EUR on a decentralised exchange. Another drawback of DEX in comparison to CEX is that not all of the margin trading features can be used. More thorough information about the most recent significant developments in the decentralised finance market.


In other words, a set of smart contracts allows decentralised exchanges to operate. To prevent volatility spikes, smart contracts fix the prices for different cryptocurrencies at the moment of the transaction. Algorithmic liquidity pools are used for all DEX transactions. Investors block funds with their assistance and profit.

Naturally, all DEX calculations are also directly recorded on the blockchain. All transactions involving Uniswap and Sushiswap will be recorded in the Ethereum blockchain. DEXs are also incredibly democratic open-source platforms in addition to that. It can be used by developers to make more competitive products like Pancakeswap and Sushiswap.

What is Uniswap?

One of the most well-known Ethereum blockchain-based decentralised cryptocurrency exchanges is called Uniswap. The primary benefit of Uniswap DEX is the limitless capacity for commission-free token exchange.

According to data from Coinmarketcap, the project was introduced in 2018, and by 2022, Uniswap had overtaken the first DEX in terms of total capitalization. In 2022, Uniswap is actively collaborating with the cryptocurrency wallets MetaMask and MyEtherWallet. All ERC-20 coins are also compatible with DEX. Users now have limitless options to place tokens for free without paying any further commissions.

The Uniswap cryptocurrency exchange has an own UNI token. Investors in cryptocurrencies now have the opportunity to take part in Uniswap’s governance and decision-making processes thanks to the DEX token. The decentralised exchange additionally immediately maintains all transaction data on the Ethereum blockchain.

To know more about this check out their website crypto-currency.