Cryptocurrency Spoofing: Understanding the Basics and Ensuring Securityn Cryptocurrency spoofing is an illegal activity where market manipulators create an illusion of a booming or crashing cryptocurrency market. They achieve this by placing multiple fake orders, misleading other traders about the supply and demand of a certain cryptocurrency.nn## How It Worksn Spoofers manipulate the market by placing large orders without the intention of filling them. This creates an artificial impression of high demand or supply. Once the market reacts, spoofers cancel their orders, causing the market fluctuation.nn## Protecting Yourselfn As a trader, it’s crucial to stay informed and vigilant. Use trusted, regulated platforms, and always double-check substantial orders that could significantly impact the market. Market orders are especially susceptible to spoofing, so consider using limit orders instead. Stay cautious and keep your investments secure.

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