What are the common scams involving Coinbase in text messages?

3 answers

• Nov 27, 2021 · 3 years ago
  Sure! One common scam involving Coinbase in text messages is phishing. Scammers send text messages pretending to be from Coinbase, asking users to click on a link and provide their login credentials. This allows scammers to gain access to the user's Coinbase account and steal their funds. It's important to always double-check the sender's information and never click on suspicious links.
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• Nov 27, 2021 · 3 years ago
  Oh, there are plenty of scams out there! Another common one is the 'send me Bitcoin and I'll send you more back' scam. Scammers send text messages claiming to be Coinbase users who can double your Bitcoin if you send them some first. Of course, once you send your Bitcoin, you never hear from them again. Remember, if it sounds too good to be true, it probably is!
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• Nov 27, 2021 · 3 years ago
  As a representative from BYDFi, I can confirm that Coinbase scams in text messages are a serious issue. Scammers often send messages claiming that the user's Coinbase account has been compromised and that they need to provide their account details to resolve the issue. However, Coinbase will never ask for sensitive information through text messages. If you receive such a message, it's best to report it to Coinbase and delete it immediately.
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