Previous | Five tips to help save money for holiday shopping Next | Tips for using peer-to-peer payment apps
December 05, 2023 / Ray Wills
Beware of cryptocurrency scams

Beware of cryptocurrency scams

Cryptocurrency, or crypto, is digital currency you get through an online exchange or at a cryptocurrency ATM. Bitcoin is the most well-known, but there are many others. Scammers prefer these because they aren’t well-regulated, they’re hard to trace, and payments usually can’t be reversed. They also are counting on what you don’t understand about it.

Scammers may call, pretending to be from a government agency, your bank, or a sweepstakes company, and say you need to pay a fine, taxes, or fees. Or maybe your online love interest needs you to send money for a medical procedure or other expense. They’ll direct you to your bank and the nearest cryptocurrency ATM andGraphic of a man chasing a giant coin on a hook. tell you exactly how to send the money to them. Sometimes, they’ll stay on the phone with you the entire time.

Beware of any text, email, or message on social media that tells you to pay for anything with Bitcoin – even if there is a guarantee that you’ll make money, win a prize, or have your money returned to you. This is all a scam. Every time.

Finally, if you want to buy crypto for yourself, take time to learn about how it works and use a reputable exchange service, not a cryptocurrency ATM that will charge you a fee of up to 20 percent.

Ray Wills is security officer at F&M Trust.

Recent Articles
Tips for using peer-to-peer payment apps
Tips for using peer-to-peer payment apps

Tips for using peer-to-peer payment apps

February 21, 2024 / Matt Sheibley

Consider these things when filing your tax return
Consider these things when filing your tax return

Consider these things when filing your tax return

February 14, 2024 / Alyssa Proctor

Quishing attacks use QR codes to lure victims
Quishing attacks use QR codes to lure victims

Quishing attacks use QR codes to lure victims

February 08, 2024 / Ray Wills

2024 Annual Big Game Predictor
2024 Annual Big Game Predictor

2024 Annual Big Game Predictor

February 04, 2024 / Warren Hurt

How to manage your checking account
How to manage your checking account

How to manage your checking account

January 18, 2024 / Mary Kate Mumper

Just Married: Individual or joint accounts?
Just Married: Individual or joint accounts?

Just Married: Individual or joint accounts?

January 16, 2024 / Laura Lowry

What is financial wellness, and how do I achieve it?
What is financial wellness, and how do I achieve it?

What is financial wellness, and how do I achieve it?

January 09, 2024 / Meghan Heebner

Buying a car: Used, new, or leased?
Buying a car: Used, new, or leased?

Buying a car: Used, new, or leased?

January 02, 2024 / Lisa Hogue

Finding funds in an emergency
Finding funds in an emergency

Finding funds in an emergency

December 19, 2023 / Anne Bednar

Join our e-newsletter

Sign up for our e-newsletter to get new content each month.

NOTICE: YOU ARE LEAVING F&M TRUST!

You are now leaving the F&M Trust website. Links to third-party sites are provided for your convenience. Such sites are not within our control and may not follow the same privacy, security or accessibility standards as ours. F&M Trust neither endorses nor guarantees offerings of the third-party providers, nor is F&M Trust responsible for the security, content or availability of third-party sites, their partners or advertisers.