It’s important to stay safe when it comes to bitcoin cash scams. There are several different ways to become a victim of this scam, but one way is to avoid responding to unsolicited emails. You may not even know that you’re being contacted by someone who wants to send you crypto! The Federal Trade Commission (FTC) has guidelines for dealing with these types of ripoffs. The best advice is to stay away from anyone requesting your money via crypto.
The best way to protect yourself from these types of scams is to be vigilant and protect yourself. Many of them take advantage of people’s fear of losing their hard-earned money. For example, the FBI warns of a new cryptocurrency ATM scam. Scammers convince their victims to put cash into the ATM by using a QR code. While this scam is very low-tech, it shows how the technology is being abused.
Scams typically involve promises of free money or instant money. Big claims involving money should be questioned. Scammers thrive on people’s emotions and actions. If you suspect you’ve been ripped off, file a police report, contact your local Better Business Bureau and your bank. You can also try to get your money back if you’ve paid through a digital wallet, but it may not be possible. If this happens to you, it’s very difficult to retrieve it.