01/18/2018

Posted in Public Interest by PAY Depot LLC, Licensed and Federally Registered Bitcoin Operator 

Bitcoin is rising, and so are the scams related to it. Bitcoin network is especially attractive to fraudsters due to irreversibility of transactions and the absence of financial institutions' control. Nobody believes they will ever fall victim to any kind of scam, but many people do. Psychologists point out that some people are even more susceptible to deceptive tactics. We want to be sure everyone is aware of Bitcoin ATM fraudsters. Forewarned is forearmed✅

To avoid being scammed remember these general rules:

  • No official government or administrative center will ever ask you to pay using Bitcoin ATM. They also won't text you or use intimidating and "high-pressure" tactics.
  • If you have been asked to purchase bitcoin for another individual or company, you may also be the victim of an elaborate scam.

Here are common examples of known scams schemes:

  • Fake job proposals. Victims are contacted via email or phone and suggested a job opportunity, and are then e-transferred large sums of money to their bank account (usually around $3K). They are then asked to withdraw the cash (leaving some minor amount as fee for work) and use it to purchase bitcoin as part of an employment application process (usually via bitcoin ATM), or deposit funds to particular bitcoin QR address, which is the same.

    The thieves usually offer a reward of $50-$100 for the victim's assistance. A few days later the money sent via the e-transfer is linked to a stolen bank account, and the transfer is reversed, leaving the victim with a negative balance and no bitcoins.

  • Fake advertisements. Another common scam is over an unbelievably cheap offering, like a used car listing on Craigslist or Ebay. These ads are on fake Ebay and Craigslist accounts. The person is then asked to make a bitcoin payment to the given QR code, and usually bitcoin ATMs are used as a medium to make such payment. After bitcoins are sent, seller disappears leaving the customer without funds, as bitcoin payments are not reversible.

IF YOU AGREE TO ABOVE AND ARE TOTALLY AWARE OF CONSEQUENCES, YOU CAN PLEASE PROCEED AHEAD WITH YOUR PURCHASE.