Banks warn consumers about Bitcoin Scam

June 5, 2024

To avoid falling victim to banking scams, do not pay anyone who asks for advance payment in the form of cryptocurrency, gift cards or money transfers. If asked to withdraw cash from a bank account in order to convert it to cryptocurrency, do not provide any personal information to the requestor.

Banks are seeing a rapid increase of the Bitcoin ATM Scam. If you are asked to withdraw money and convert that money to Bitcoin through an ATM, it is time for you to talk to your Bank.

Nothing good comes from this type of transaction, guaranteed!