Safety first: Protect yourself from cryptocurrency scams

December 15, 2023

In the innovative world of cryptocurrencies and digital finance, there is also a risk of various scams. As a crypto investor or user, it is crucial to be aware of the risks and know how to protect yourself. This blog post provides a comprehensive guide to recognize and avoid the most common scams so you can keep your digital assets safe.

Phishing Emails: debunking fake messages

Phishing emails try to steal your personal information by posing as legitimate messages. Recognize them by:

  • Urgent requests: Be alert to emails that call for immediate action.
  • Spelling mistakes: Professional companies rarely make spelling mistakes in their communications.
  • Fake email domains: Companies like BCM do not send emails from domains such as Also pay attention to the spelling of a domain name. BCM sends emails from "" If you get an email from "" (with a hyphen in the domain name) then this is probably phishing.
  • Suspicious links or attachments: Do not open links or attachments in suspicious emails.
BCM Phishing Email

WhatsApp and phone scams

Scammers may use WhatsApp or phone calls to obtain personal information. It is crucial to be aware of their tactics. With BCM and other trusted agencies, be aware of the following:

  • No requests for login information: BCM will never ask for login credentials via WhatsApp or phone.
  • No remote access requests: BCM will never ask for access to your computer or other devices through remote access tools.
  • Be critical: When faced with unexpected requests to perform actions or share information, be extra careful.
  • Direct contact when in doubt: If you don't trust a message or call, contact official customer service immediately.

SMS Phishing: Be Extra Vigilant

In addition to email and online platforms, SMS phishing is another common tactic used by scammers. We want to specifically warn you about misleading SMS messages that invite you to log into your BCM account through a link. These types of messages never originate from BCM and are a clear phishing threat.


  • BCM never asks you to log in via SMS: We never ask you to log in or provide personal information via an SMS message.
  • Consequences of responding to phishing: This can lead to theft of personal information, financial loss, and reputational damage.
  • Take action on suspicious messages: Never click on links in suspicious text messages, do not share personal information, and report suspicious messages immediately.
  • Change passwords: If you suspect your information has been compromised, change your passwords immediately.

Fake exchanges and websites: What to look out for?

Fake exchanges and websites are a common tactic used by scammers. They create copies of legitimate websites that look almost identical. These sites may appear as mobile or desktop apps or web pages. They often lure with offers such as free cryptocurrencies or low prices. To avoid these scams, it is important to:

  • Check the URL: Bookmark the real URL of your favorite exchange and watch for subtle differences or misspellings in the URL.
  • View developer information: For mobile apps, check the developer, number of downloads and reviews.
  • Be careful with offers that are too good to be true: If something seems too good to be true, it often is.

Fake giveaways: recognize the scam

Fake give-aways with the prospect of free cryptocurrencies in exchange for a small deposit. Caution:

  • Never send money or cryptocurrencies to unknown addresses for promised higher returns.
  • Be especially alert to offers found on social media or in comments under popular tweets.
  • Legitimate giveaways never ask for a prior deposit. If something is free, you would never have to pay anything first.

What to do when phishing is suspected

If you receive a suspicious message:

What to do after clicking on a phishing Link

  • Contact Customer Service.
  • Change your passwords.
  • Secure your account as best you can.

Strengthen your security: The importance of two-factor authentication

To protect yourself from scams in the world of cryptocurrencies, it is crucial to take proactive security measures. Using strong and unique passwords is essential in this regard. Choose passwords that are difficult to guess and use different passwords for different accounts.

In addition, enabling and using two-factor authentication (2FA) is highly recommended. This provides an additional layer of security for your account. Ideally, you should use a 2FA app on a separate phone. Should your phone be stolen or your email hacked, the 2FA code remains safe on another device. Even if someone knows your password, they can't log in without the 2FA code generated only on your second device. This combined approach of strong, unique passwords and 2FA helps secure your digital assets and reduces the risk of unwanted access to your accounts.

Conclusion: vigilance is the key to security

Navigating the world of cryptocurrencies requires not only knowledge about investing, but also about security. By following the advice in this blog post, you can effectively protect yourself from scams. Remember, it is always better to be cautious and skeptical than to risk becoming a victim of fraud.

Your security in the digital financial world is ultimately in your hands. Be alert, stay informed and make smart choices when it comes to protecting your digital assets.