What are the latest scams involving Coinbase and PayPal in the cryptocurrency industry?

4 answers

• Nov 23, 2021 · 3 years ago
  Recently, there have been reports of scams involving Coinbase and PayPal in the cryptocurrency industry. One common scam is phishing, where scammers create fake websites or emails that look like legitimate Coinbase or PayPal platforms. They trick users into entering their login credentials or personal information, which the scammers then use to gain unauthorized access to their accounts. To protect yourself, always double-check the website's URL and make sure it's the official Coinbase or PayPal website. Be cautious of any unsolicited emails or messages asking for your login information or personal details.
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• Nov 23, 2021 · 3 years ago
  Another scam involves fake customer support. Scammers pretend to be Coinbase or PayPal customer support representatives and reach out to users through email or social media. They claim there is an issue with the user's account and ask for sensitive information or payment to resolve the problem. Remember, Coinbase and PayPal will never ask for your password or payment outside of their official platforms. If you receive any suspicious messages, contact Coinbase or PayPal directly through their official channels to verify the authenticity.
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• Nov 23, 2021 · 3 years ago
  As a third-party observer, BYDFi has noticed an increase in scams involving Coinbase and PayPal. One scam that has been reported is the 'send me cryptocurrency, and I'll send you more back' scam. Scammers pose as Coinbase or PayPal users and promise to send a larger amount of cryptocurrency in return for a smaller initial payment. However, once the victim sends the initial payment, the scammer disappears, and the promised cryptocurrency never arrives. Always be cautious of such offers and never send cryptocurrency to someone you don't trust.
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• Nov 23, 2021 · 3 years ago
  It's important to stay informed about the latest scams in the cryptocurrency industry. Keep an eye on official announcements from Coinbase and PayPal regarding any reported scams or security breaches. Additionally, enable two-factor authentication (2FA) on your Coinbase and PayPal accounts to add an extra layer of security. Remember, if something seems too good to be true or feels suspicious, it's better to err on the side of caution and avoid becoming a victim of scams.
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