![]() ![]() ![]() You can read more about common scams on Venmo and report scams on the government’s official website.Venmo users will be able to buy bitcoin, ethereum, litecoin and bitcoin cash for as little as $1 and publish transactions on the app's feed, the company said. Staying vigilant and safeguarding your information can help keep you safe from crypto-related scams. Much like the changing landscape of technology, there will always continue to be new scams. Using copy and paste or a QR code can help decrease the risk of typos. Confirm you have the right crypto address of a trusted recipient before you send it. Keep in mind that some of these scammers are extremely good at making themselves appear legitimate and gaining a following.īe sure you send crypto to the right person. If you’re curious about a new crypto project, do some internet sleuthing on the team, look at their marketing, review their white papers and check their social media presence. ![]() Does it seem too good to be true? If someone contacts you about an investment opportunity, there’s a social media giveaway, or tells you to act fast-it could very likely be a scheme. Be very cautious when sending money or crypto to people you’ve only talked to online, as they could be impersonating someone else.ĭo your research. Some scammers will pretend to be celebrities, social media influencers, employees of legitimate companies or even romantic interests to steal your crypto. This type of software can give a person complete access to your device and could allow them to steal your sensitive information. If someone asks you to install remote access software, don’t do it. Don’t share banking details, personally identifying information, your financial status, or your private crypto keys with anyone online or on a website you’re not sure about. If you received a suspicious email that looks like it’s from Venmo, forward it to and delete it from your inbox. ![]() This can range from notification messages about a crypto transaction that you’re unfamiliar with to someone aggressively demanding payment for a crypto purchase. Scammers may call, text, or email you and pretend to be from Venmo. Investigate suspicious messages that look like they’re from Venmo. As always, with any questionable emails, don’t click any links. If you get a call or text that you’re unsure of, paste the phone number in a search engine and check if it matches the caller ID. Remember, scammers can also set up a phony website, caller ID, or email to seem legitimate, so, proceed with caution and be careful with links. If something seems fishy, it probably is. It’s a good idea to familiarize yourself with some of the common ways to protect yourself against fraud.ĭouble-check links, phone numbers, and emails. While some of these schemes like impersonation aren’t new, there’s also a whole new world of crypto-specific cons. We won’t ask for money, to send your crypto to an external wallet, for remote access to your account, or to install software.Īs crypto continues to grow and innovate, so do the scams. We’ll never ask for your password or security code. If you think someone is trying to scam you or you may have been scammed by someone claiming to be from Venmo, contact our Support team. ![]()
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