Here are some tips to ensure you do not fall victim to a scam or fraud:
- Never make a transaction for someone else. Without knowing who they are, or what it is for, you could be unknowingly aiding criminal activity, and opening up yourself to criminal prosecution. Also consider that, if you do not know this person, and you were promised payment, there's no guarantee you'll get paid. And there's nothing you could possibly do about it if they're anonymous.
- Do not send funds to anyone you haven't met in person. People have reported loved ones and family being impersonated by scammers on the internet. You must be aware of who you are sending to. Catfishing is a growing problem for people using internet dating. There have been many reports of people thinking they are sending funds to their new boyfriend or girlfriend when actually they are sending their money to a scammer. Our machines should only be used to fund your own personal wallet.
- Do not send funds to a broker for investing. If an investment broker is asking you to send them cryptocurrency to help you invest, this is likely an investment scam. Even if a friend recommended this broker, there have been reports of users friend's accounts being hacked and recommending false investment brokers to others.
- Do not send funds to a shared cryptocurrency wallet. You must be the sole controller of your wallet. If anyone else has access to your wallet, you are at risk of losing your funds.
Localcoin operates a Bitcoin payment service. Like other network providers, Localcoin is not responsible for your actions on the network. Furthermore, do not send Bitcoin to anyone threatening you for a ransom, or stating that you owe money to the Canadian government. They are scammers. Hang up, and call the police if anyone like this contacts you.
If you've been the victim of a scam or a fraud, please follow our guide here: I was the Victim of a Scam / Fraud, What Should I do?
See below for tips from local police and the government of Canada