Effective date: April 3, 2023
Discover how to safeguard your investments against the prevalent scams in the cryptocurrency world. America Bitcoin ATM provides you with the knowledge to identify and evade deceptive schemes while using Bitcoin ATMs. Transactions in digital currency are irreversible, and being informed is your first line of defense.
Advisory Notice: America Bitcoin ATM transactions are only for YOUR personal purchase. Do not scan a wallet that is not yours at the Bitcoin ATM. If someone is sending you to a bitcoin ATM that you do not know, be highly suspicious of being scammed. By entering into a transaction with America Bitcoin, purchasing Bitcoin or cryptocurrency and sending it to another wallet that is not yours is a strict violation of our terms and conditions and transaction contract. Because all cryptocurrency transactions are irreversible, if you send cryptocurrency to a third party, you cannot reverse it or stop payment. America Bitcoin goes through great lengths to notify users of financial risks and scams that are possible with financial products, which include Bitcoin ATM transactions. Our machines and purchase process which users go through always state these risks and awareness of scams so that you do not fall victim.
Be wary of individuals posing as investment advisors promising substantial returns on cryptocurrency investments. Often found on social media or digital platforms, these scammers may lure you with the promise of low-priced crypto, assuring significant profits. Remember, if you transfer your assets to them, you are unlikely to recover any funds.
Fraudsters often use online dating platforms to execute romance scams, feigning romantic interest to win your trust. They might claim to be working or traveling abroad to avoid in-person meetings, and they’ll persuade you to invest in crypto or send them funds for fabricated emergencies. Our advice: never send cryptocurrency to someone you haven’t met in person.
Impersonation Scams
Impersonators may contact you claiming to be from a trusted company or a government agency, such as the IRS or FBI. They might provide fake credentials to convince you to send cryptocurrency. Remember, legitimate organizations will never request crypto payments through email or over the phone.
Phishing attempts often involve emails or texts that lead you to fraudulent websites designed to steal your information. Always be cautious and never click on suspicious links from messages purporting to be from crypto platforms or related services.
Scammers may pose as representatives from utility companies, demanding crypto payments for alleged past-due bills. It’s important to know that real utility providers do not accept cryptocurrency payments and will not threaten immediate service termination via text or call.
Always exercise due diligence and verify the legitimacy of any communication requesting cryptocurrency transactions. Use trusted and verified platforms like America Bitcoin ATM, and never hesitate to reach out to us for guidance on secure transactions.
ATM Near You
Looking to buy bitcoin near you safely? Use our America Bitcoin ATM locator to find a secure and reliable Bitcoin ATM in your city. Remember to always transact with caution and awareness of the potential risks.
FinCEN: 31000254983636 / NMLS ID: 2521734
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