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Author: Admin | 2025-04-28
Bitcoin scams are becoming more common everywhere, especially across the internet and on social media platforms, and anyone can be targeted by scammers. Cash App is working hard to keep our customers informed about how they can avoid scams. What is a bitcoin scam?Bitcoin scams are schemes designed to steal your bitcoin. They are typically done online via social media, and scammers often prey on how quickly bitcoin can be moved from one person to another. Scammers also take advantage of the fact that bitcoin transactions are irreversible, and they try to instill a sense of urgency to convince you to quickly move your bitcoin into their wallets.What are some popular bitcoin scams?Cash Flip: This is an investment scheme where scammers find you on social media through posts or comments. They try to convince you to send them bitcoin so they can double your investment or “flip it” for you. If someone approaches you with a business deal claiming that they can help multiply your bitcoin, it’s probably a scam.Copycat Giveaways: These scammers reach out via social media pretending that you won a Cash App giveaway. They may ask you for bitcoin or for your personal information in return for a prize.Impersonators: Scammers may reach out to you claiming that they are from a well-known company, government agency, or even claim to be a celebrity. These impersonators may ask for financial support and request you send them bitcoin. They may also claim that you are part of a government investigation,
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