Skip to main content

Avoiding common scams

Bitcoin scams are common, but many can be avoided by understanding the warning signs and staying cautious online. Here are some of the most common scams targeting Bitcoin users and how to protect yourself.

🚩 Common Bitcoin Scams

Fake Tech Support

Scammers may pretend to represent:

  • 1Bitcoin.ca

  • wallet providers

  • exchanges

  • recovery services

They may ask for:

  • login credentials

  • remote access to your computer

  • wallet information

āš ļø Never give remote access to someone claiming to provide support.

Related article:


ā€œGuaranteed Returnā€ Offers

If someone promises:

  • guaranteed profits

  • risk-free Bitcoin investments

  • doubled Bitcoin returns

it is likely a scam.

No legitimate Bitcoin investment can guarantee returns.

Related article:


Phishing Emails & Fake Websites

Scammers may create:

  • fake login pages

  • look-alike websites

  • phishing emails pretending to be legitimate companies

Always verify:

  • the website URL

  • the sender’s email address

  • official communication channels

āš ļø Only log in through:

Related article:


Romance & Investment Scams

Some scammers build trust through:

  • dating apps

  • social media

  • messaging platforms

before encouraging victims to:

  • invest Bitcoin

  • send funds

  • join fake investment platforms

āš ļø Be cautious if someone you met online asks for Bitcoin.

Related article:


āœ… How To Stay Safe

To help protect yourself:

  • never share your password or 2FA code

  • use a wallet you personally control

  • double-check wallet addresses carefully

  • verify websites before logging in

  • avoid pressure tactics or urgent investment requests

āš ļø 1Bitcoin.ca will never:

  • ask for your password

  • request your seed phrase

  • ask for remote access to your device

Related article:


🧠 When In Doubt, Ask

If something feels suspicious:

  • stop communicating immediately

  • avoid sending Bitcoin

  • contact support before proceeding

To contact support:

Did this answer your question?