#Whatsapp scams bitcoin how to#
#Whatsapp scams bitcoin plus#

The scammers will encourage you to buy cryptocurrency through an exchange or request you send money to a company for them to do so on your behalf. The scammer will offer to make an investment on your behalf, or provide details of an app or website through which you can invest.Ĭryptocurrency scammers also commonly use platforms such as Discord and Telegram to contact people. If you click on the advertisement or post, the scammer will contact you or you will be directed to a fake website. They may advertise or post on social media offering great returns from cryptocurrency trading. Scammers take advantage of the hype and the less regulated environment to ‘invest’ in Bitcoin or another cryptocurrency on your behalf.īefore you invest you should ask yourself if you are willing to lose some or all of the money you have invested and know that if you go ahead you are investing with little or no protections behind you.Ĭryptocurrency investment scammers are convincing. It is very difficult to identify legitimate cryptocurrency investments from scams. In Australia, cryptocurrency is not treated as ‘money’ or a ‘financial product’ and you have less protection if you invest and it turns out be a scam or you lose a lot of money. Bitcoin is the most well-known form of digital currency.

#Whatsapp scams bitcoin plus#

Search for the company online plus “review”, “complaint” or “scam”.Ĭommon types of investment scams Cryptocurrency scamsĬryptocurrencies are digital currencies.

#Whatsapp scams bitcoin how to#

The MoneySmart website also contains information about how to avoid investment scams.But even if they are not on the list it could still be a scam.

If the company that contacted you is on the list – do not deal with them.

Check ASIC's list of companies you should not deal with.

Any business or person that offers or advises you about financial products must hold an Australian Financial Services (AFS) licence.

Check if a financial advisor is registered via the ASIC website.

If you are considering investing, always remember to:

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