Bitcoin is a powerful financial tool. But like anything valuable, it attracts scammers. Whether you’re new to Bitcoin or a seasoned HODLer, it’s critical to stay informed and cautious. Here’s what to watch out for — and how to stay safe.
Important: 1Bitcoin.ca will never contact you outside of our secure dashboard chat or official emails ending in @1bitcoin.ca. We do not use Telegram, WhatsApp, or third-party agents. If anyone claims to be from 1Bitcoin.ca on another platform, it’s a scam.
1. Phishing Scams
What it looks like:
You receive an email, text, or DM that appears to be from a trusted crypto platform like Coinbase, Ledger, or even 1Bitcoin.ca. It urges you to click a link and log in.
What’s really going on:
The link leads to a fake site that looks real. When you enter your credentials, scammers steal them and access your wallet.
How to avoid it:
- Never click links from unsolicited messages.
- Always verify URLs. Scammers use domains like coinbase.support.com or 1bitcoin-login.net.
- Use 2FA and never share your codes or seed phrases.
2. Fake “Traders” and Investment Scams
What it looks like:
Someone on social media or a dating app claims they made big profits trading Bitcoin. They offer to help you invest, promising massive returns.
What’s really going on:
They take your Bitcoin or get you to deposit to a fake platform. You’ll never see that money again.
How to avoid it:
- If it sounds too good to be true, it is.
- No one can guarantee profits in crypto.
- Don’t send Bitcoin to anyone claiming to trade on your behalf.
3. Impersonation Scams (Celebrities & Authorities)
What it looks like:
A tweet, YouTube video, or post claims that Elon Musk, Vitalik Buterin, or even 1Bitcoin.ca is giving away Bitcoin. You just have to send a small amount first.
What’s really going on:
It’s all fake — the giveaway, the celebrity, the testimonials. The Bitcoin you send is gone.
How to avoid it:
- 1Bitcoin.ca will never ask you to send Bitcoin to receive more.
- Ignore giveaways that require you to send crypto first.
4. Tech Support Scams
What it looks like:
You search for wallet help online and find a phone number or site. The “support agent” asks for your seed phrase or remote access to your device.
What’s really going on:
They steal your wallet by using your private key info.
How to avoid it:
- Never share your seed phrase.
- Only use support links directly from 1Bitcoin.ca or your wallet provider.
- We do not offer phone support. All help is through dashboard chat or emails from @1bitcoin.ca.
5. Romance Scams
What it looks like:
You connect with someone online. After building trust, they bring up crypto and ask for money, help, or an investment.
What’s really going on:
They’re using emotional manipulation to get your Bitcoin.
How to avoid it:
- Be cautious of financial requests in online relationships.
- Scammers often play the long game.
- Ask a friend or family member before sending money.
6. Ponzi & Pyramid Schemes
What it looks like:
You’re offered a spot in a “Bitcoin opportunity” where you earn more by referring others.
What’s really going on:
It’s a pyramid scheme. New money pays old members. When recruitment stops, it collapses.
How to avoid it:
- If it focuses more on recruitment than real value, it’s a scam.
- 1Bitcoin.ca is a direct Bitcoin brokerage — not an MLM or passive income platform.
7. Malware & Seed Phrase Theft
What it looks like:
You install a wallet or plugin that seems legit. Your funds disappear shortly after.
What’s really going on:
You unknowingly installed malicious software.
How to avoid it:
- Only download wallets from official sources.
- Use a hardware wallet for large holdings.
- Keep your computer secure and scan regularly.
8. Fake Exchanges & Wallets
What it looks like:
A new platform promises low fees, high returns, or exclusive coins. You deposit your Bitcoin — but can’t withdraw.
What’s really going on:
The site is fake. It was created to steal your crypto.
How to avoid it:
- Use known, reputable platforms.
- At 1Bitcoin.ca, you buy Bitcoin directly and receive it to your wallet. We do not hold your funds.
Final Thoughts
Scammers are getting smarter. But so can you. Stay skeptical, stay informed, and take control of your Bitcoin security.
🔐 Rule #1: If someone else controls your keys, they control your coins.
🧠 Rule #2: If you’re being pressured or rushed, take a step back. Scammers thrive on urgency.
If you believe you’ve been scammed or targeted, report it immediately. In Canada, contact the Canadian Anti-Fraud Centre at:
www.antifraudcentre-centreantifraude.ca
If you’re ever unsure about a message claiming to be from us, reach out directly through the secure chat box at 1Bitcoin.ca or email help@1bitcoin.ca.
Stay safe out there — and remember: when in doubt, don’t send it out.
