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Others hold cryptocurrency as an investment, hoping the value goes up. You can buy cryptocurrency through an exchange, an app, a website, or a cryptocurrency ATM. Cryptocurrency is stored in a digital wallet, which can be online, on your computer, or on an external hard drive. A digital wallet has a wallet address, which is usually a long string of numbers and letters. Because cryptocurrency exists only online, there are important differences between cryptocurrency and traditional currency, like U.

There are many ways that paying with cryptocurrency is different from paying with a credit card or other traditional payment methods. Scammers are always finding new ways to steal your money using cryptocurrency. To steer clear of a crypto con, here are some things to know.

Investment scams are one of the top ways scammers trick you into buying cryptocurrency and sending it on to scammers. But scammers are also impersonating businesses, government agencies, and a love interest, among other tactics.

Investment scams Investment scams often promise you can "make lots of money" with "zero risk," and often start on social media or online dating apps or sites.

These scams can, of course, start with an unexpected text, email, or call, too. And, with investment scams, crypto is central in two ways: it can be both the investment and the payment. Here are some common investment scams, and how to spot them.

And read more about other common investment scams. Business, government, and job impersonators In a business, government, or job impersonator scam, the scammer pretends to be someone you trust to convince you to send them money by buying and sending cryptocurrency. To avoid business, government, and job impersonators, know that. Blackmail scams Scammers might send emails or U.

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WebTo link a payment method: Go to Payment Methods on web or select Settings > Payment Methods on mobile. Select Add a payment method. Select the type of account you want . WebCoingate payment gateway offers a variety of crypto solutions for traders, merchants or developers, while read more visit Coingate bitFlyer bitFlyer is the simplest and safest . WebYou can transfer assets on- and off-chain within your own interface, built and powered by our APIs, and bypass the complexity of interacting with the blockchain. Explore .