Be Alert: Protecting Yourself from Financial Scams and Fraud

Cryptocurrency transactions are irreversible. Coinhub Bitcoin ATM transactions and Coinhub Bitcoin Teller transactions are only for YOUR personal purchase. By entering into a transaction with Coinhub, purchasing Bitcoin or cryptocurrency and sending it to another wallet that is not yours is a strict violation of our terms and conditions and transaction contract. Because all cryptocurrency transactions are irreversible, if you send cryptocurrency to a third party, you cannot reverse it or stop payment. Coinhub goes through great lengths to notify users of financial risks and scams that are possible with financial products, which include Bitcoin ATMs and Bitcoin Teller transactions. Our machines and purchase process which users go through always state these risks and awareness of scams so that you do not fall victim.

At Coinhub, we believe that it is important to educate our customers on all potential financial scams and fraud, so that it can be found easily as well as shared with those that are believed to potentially fall victim to a scam. This webpage will provide an overview of the various types of scams and fraud that can occur, as well as tips on how to identify and avoid them.  If you think you may have been the victim of a scam or fraud, you can submit your inquiry to alert us in the form below. Please include as much information as possible.

Below you can find a list potential scams in the financial industry to be aware about:

Types of Financial Scams and Fraud

If the answer to any of the below questions is yes, you are likely being scammed and DO NOT purchase Bitcoin.

• IRS/Federal Agency Scam – Is someone calling you claiming to be from the IRS, police, or federal agency claiming that you owe money and must pay with Bitcoin immediately?

• Romance Scam – Is a foreign boyfriend you met online asking you to send money? 

• Check Scam – Has anyone mailed you a check and asked you to cash it?

• Blackmail Scam – Is anyone threatening you and requesting payment in Bitcoin? 

• Bill Pay Scam – Has someone told you to pay your electric, IRS, or other bill?

If you aren’t sure, please call us! ONCE BITCOIN IS SENT IT CAN’T BE UNDONE! ALL SALES ARE FINAL AND WE DO NOT OFFER REFUNDS! Bitcoin purchases made at our locations including Bitcoin ATMs and Bitcoin Tellers are for personal purchases only and we do not allow you to purchase Bitcoin for someone else.