bitcoin scams via text

Ever had your phone buzz with a new text message? Then when you check the message it is promising an astronomical Bitcoin return? You're not alone numerous people have fallen prea to elaborate Bitcoin scams via text message.

Many of us have been left scratching our heads over these lofty promises, and after some serious digging, it's clear that they're often part of large-scale Bitcoin scam operations.

In this report I will uncover the secrets behind these scams, bringing their tactics into the light and provide strategies to steer clear of them.

So buckle up - we're about to take a deep dive into protecting your hard-earned money from cryptocurrency fraudsters!

Key Takeaways

  • Bitcoin scams via text message are common and can take various forms, including social engineering, romance scams, impersonation and giveaway scams, phishing scams, blackmail and extortion scams, as well as investment or business opportunity scams.

  • Signs of a Bitcoin scam text message include unusual sender information, requests for personal or payment information, claims of guaranteed returns or high profits, poor grammar and spelling errors in the message content.

  • To protect yourself from these scams, be cautious of unknown or unsolicited messages, verify the sender's identity through reliable sources outside of the text message itself. Never share personal or financial information with unknown individuals. Research and verify any investment opportunities before committing your funds. Stay informed about common scam techniques to avoid falling victim to Bitcoin scam text messages.

Types of Bitcoin Scams via Text Message

There are several types of Bitcoin scams that scammers propagate via text message. They take various forms including:

  • social engineering scams

  • romance scams

  • impersonation scams

  • giveaway scams

  • phishing scams

  • blackmail and extortion scams

  • cryptocurrency investment or business opportunity scams

Social Engineering Scams

Scammers use social engineering tricks very often. They present themselves as if they are from government bodies, law firms or service companies.

They tell you that there is a legal issue or that you owe money.

Then, they ask you to pay in Bitcoin or other digital money types as a solution. Be careful not to fall for these scams!

Romance Scams

In romance scams, bad people act like they are in love with you. They send sweet texts and make promises. But over time, they start asking for money. Sometimes, it's for a plane ticket to visit you.

Other times, it could be to pay off a fake debt.

Mostly, they want this money in Bitcoin or other digital currency types. You may get a text message from them or even a wrong number claiming to have sent funds by accident.

They will likley ask for your bank account details or the crypto back right away! This is all part of their plan to trick people and take your hard-earned cash.

cryptocurrency scam woman

Impersonation and Giveaway Scams

Scammers can use technology or identity theft to look like someone you trust. They may act like a friend, a family member, or even a company you know. Some will pretend to be from your bank or the government.

Others might hold fake giveaways where they claim you won money or prizes. But first, they ask for some of your Bitcoin as an "entry fee" or say you need to send some money to get your prize.

This is not true! Be careful with text messages that appear too good to be true - it's often a scam.

Phishing Scams

Phishing scams are a common type of Bitcoin scam sent via text message. Scammers will pretend to be a trusted organization or business and try to trick you into revealing your personal information or sending them Bitcoin.

They may send you messages that seem urgent or offer enticing deals, but remember that legitimate companies will never ask for sensitive information or payment through text messages.

Always be cautious and verify the sender's identity before responding to any unexpected requests for personal or financial details.

Blackmail and Extortion Scams

Scammers sometimes use blackmail and extortion to trick people into sending them cryptocurrency. They may threaten to expose embarrassing or compromising information unless the victim pays up.

These scams can happen through text messages or other forms of communication. For example, scammers might tell victims to deposit a fake check into their bank account and then use the money to buy and send cryptocurrency to the scammer.

It's important to be skeptical of any business opportunities, investments, or job offers related to cryptocurrency, as they could be part of a scam. Stay cautious and don't let anyone pressure you into sending money or sharing personal information.

Cryptocurrency Investments or Business Opportunity Scams

Cryptocurrency investments or business opportunity scams are common in the world of digital currency. Scammers may try to trick you into investing your money in fraudulent schemes that promise high returns or exclusive opportunities.

They might approach potential victims through text messages, claiming to have insider information or a guaranteed way for them to make millions.

These scammers often use persuasive tactics and urgency to pressure individuals into sending them money or sharing their personal information. They may present themselves as experienced investors or successful entrepreneurs, but it's important to remember that they are just trying to deceive you.

To protect yourself from cryptocurrency investment scams, it's crucial to be cautious and skeptical of unsolicited messages offering too-good-to-be-true opportunities. Always research and verify any investment opportunity before committing your funds.

Additionally, avoid sharing personal or financial information with unknown individuals who claim to have lucrative business proposals.

Signs of a Bitcoin Scam Text Message

There are several signs to watch out for when it comes to identifying a Bitcoin scam text message. These include:

  • unusual sender information

  • requests for personal or payment information

  • claims of guaranteed returns

  • poor grammar and spelling errors

  • the use of urgency and pressure tactics

Unusual or suspicious sender information

If you receive a text message about Bitcoin and the sender information seems strange or suspicious, be cautious. Scammers often use random or unfamiliar numbers to trick people into thinking they're legitimate.

They may also pretend to be someone else or claim to represent a well-known company. Don't respond or provide any personal information if you have doubts about the sender's identity. Simpley delete the message immediately!

It's better to err on the side of caution and steer clear of potential scams.

bitcoin scam irs

Unsolicited requests for personal information or payment

I want to warn you about the dangers of unsolicited requests for personal information or payment. Scammers often send text messages pretending to be someone they're not, like the IRS or a utility company.

They might claim that you owe them money or that there is a legal problem, and then they'll ask you to pay in cryptocurrency as a solution or protection. Remember, legitimate businesses and government agencies will never ask for money via text message, email, or social media.

So if you receive an unexpected request for personal information or payment through a text message, be very cautious and do not respond.

Claims of guaranteed or high returns

Scammers often make promises of guaranteed or high returns to try and trick you into falling for Bitcoin scams through unsolicited text messages. They prey on the desire for quick and easy profits without any risk.

It's important to remember that legitimate investments don't guarantee such returns, so if someone is claiming otherwise, it's likely a scam. Be wary of anyone who tries to convince you that you can make millions overnight with little effort.

These claims are designed to lure their potential victims into sending them money or personal information, which can lead to financial loss or identity theft. Stay cautious and skeptical when it comes to offers that sound too good to be true, especially when they involve cryptocurrency investments.

Poor grammar and spelling errors

When it comes to Bitcoin scams via text message, poor grammar and spelling errors can be a helpful clue in identifying potential scams. Scammers often operate from countries where English is not their first language, leading to mistakes in sentence structure, misspelled words, and improper punctuation.

These errors can serve as red flags when you receive these messages. It's important to remember that scammers may intentionally use poor grammar and spelling errors to filter out skeptical recipients who are less likely to fall for their scams.

By being aware of these errors, we can better protect ourselves from deceitful messages that aim to steal our Bitcoin or personal information.

Urgency and pressure tactics

Scammers often use urgency and pressure tactics in Bitcoin scam text messages to trick people into making quick decisions. They create a sense of urgency by using phrases like "limited time offer" or "act now before it's too late." These tactics aim to make you feel like you have to act immediately without thinking things through.

Scammers may also use threats of legal consequences, financial loss, or missing out on lucrative opportunities to pressure you into sending them money in Bitcoin. It's important to stay calm and not let these tactics sway your judgment.

Remember, take the time to verify the legitimacy of any message before taking any action.

crypto scam prevention

How to Protect Yourself from Bitcoin Scam Text Messages

To protect yourself from Bitcoin scam text messages, always be cautious of unknown or unsolicited messages and never share personal or financial information. Verify the sender's identity and research any investment opportunities before committing to them.

It is also important to use secure cryptocurrency wallets and stay informed about common scam techniques to avoid falling victim to these scams.

Be cautious of unknown or unsolicited messages

If you receive a message from someone you don't know or didn't expect, it's important to be careful. Scammers often send messages pretending to be someone they're not, like government agencies, business news, or companies.

They might try to trick you into giving them money or personal information. Always think twice before responding to these messages and never share any personal or financial details with someone you don't trust.

Remember, legitimate organizations won't ask for payments in cryptocurrency out of the blue, so if something feels off, it's best to steer clear and protect yourself from potential scams.

Verify the sender's identity

To protect yourself from Bitcoin scams via text message, it's crucial to verify the sender's identity. Scammers often pretend to be government agencies, such as, the IRS or Social Security Administration, or other trusted organizations to trick people into sending money or revealing personal information.

Make sure to research and check the legitimacy of the sender through reliable sources like official websites or contact numbers. Don't rely solely on the information provided in the text message.

By taking this simple step, you can avoid falling victim to cryptocurrency scams and keep your funds safe.

Never share personal or financial information

I can't stress this enough: never share personal or financial information. Scammers will try to trick you into giving them your sensitive details, like your social security number or bank account information.

Remember, legitimate organizations and government agencies will never ask for this kind of information through texts or emails. Sharing personal information can lead to identity theft and financial loss, so always be cautious and keep your private data to yourself.

Research and verify investment opportunities

To protect yourself from Bitcoin scams, it's important to research and verify investment opportunities. Before investing your hard-earned money, take the time to gather information about the company or individual offering the opportunity.

Use trustworthy sources like the CFG website, which provides resources on investments and smart shopping decisions. You can also consider talking to, or consulting with a financial advisor who can provide expert advice on potential investments.

By doing your due diligence and verifying the legitimacy of an investment opportunity, you can minimize the risk of falling victim to a Bitcoin scam.

Use secure and reputable cryptocurrency wallets

I always make sure to use a secure and trustworthy cryptocurrency wallet when dealing with Bitcoin. This helps me keep my digital currency safe from scammers and hackers. It's important to choose a reputable wallet that has strong security measures in place, like encryption and two-factor authentication.

By using a reliable wallet, I can have peace of mind knowing that my funds are protected and less vulnerable to theft or fraud. Remember, it's crucial to do your research before selecting a cryptocurrency wallet to ensure you're using one that is trusted by the community.

bitcoin scammer caught

What to Do If You Receive a Bitcoin Scam Text Message

If you receive a Bitcoin scam text message, it is important to not respond or engage with the sender, report the scam text message to your mobile carrier and the Federal Trade Commission (FTC), and warn others about the scam.

Do not respond or engage with the sender

If you receive a text message that seems like a Bitcoin scam, it's important to remember not to respond or engage with the sender. Scammers are clever and will try different tactics to trick you into giving them your money or personal information.

By responding, you may inadvertently give them what they want or open yourself up to further scams. Instead, simply delete the spam message and move on. It's always better to be safe than sorry when it comes to protecting yourself from scams.

Report the scam text message to your mobile carrier

If you receive a scam text message, it's important to report it to your mobile carrier. Reporting these messages can help in the fight against Bitcoin scams and protect potential victims.

Mobile carriers have procedures in place to investigate and take action against scam text messages. By reporting the scams, you are not only helping yourself but also preventing others from falling into the trap of scammers.

So, if you come across a suspicious or fraudulent text message related to Bitcoin or any other cryptocurrency, make sure to report it immediately to your mobile carrier so they can take appropriate action.

Reporting the scam to the Federal Trade Commission (FTC)

If you receive a Bitcoin scam text message, it's important to report it to the Federal Trade Commission (FTC). The FTC is the government agency that handles scams and frauds. They have a website where you can easily report the scam and provide them with information about what happened.

The FTC also offers resources and information on its website to help educate people about cryptocurrency scams. Reporting the scam helps the FTC gather data and take action against scammers, ultimately protecting others from falling victim to these types of scams.

Remember, reporting scams not only helps yourself but also helps protect others from becoming potential victims. So if you receive a suspicious Bitcoin text message, don't hesitate to report it to the FTC right away!

Warn others and share information about the scam

If you receive a Bitcoin scam text message, it's important to warn others and share information about the scam. By spreading the word, you can help prevent more people from becoming victims.

Let your friends, family, and colleagues know about the scam through social media or by simply telling them in person. You can also report the scam to organizations like the Federal Trade Commission (FTC) or local law enforcement agencies so that they can take action against the scammers.

Sharing information is a powerful way to protect ourselves and others from falling for these scams.

crypto scam warning

Additional Tips to Stay Safe from Cryptocurrency Scams

Stay informed about common scam techniques, update your devices and software regularly, use strong and unique passwords, enable two-factor authentication, and educate yourself about cryptocurrency and scams.

Stay informed about common scam techniques

To protect yourself from Bitcoin scams via text message, it's important to stay informed about common scam techniques. Scammers often create fake crypto coins and tokens to trick people into investing their money.

Keep updated on the latest scam tactics so you can recognize and avoid potential traps. By staying informed, you can steer clear of these scams and protect your funds.

Keep your devices and software updated

To stay safe from cryptocurrency scams, it's important to keep your devices and software updated. This means regularly checking for updates on your smartphone, computer, or any other device you use for crypto transactions.

Updates often include security patches that help protect against new threats and vulnerabilities. By keeping everything up to date, you can minimize the risk of falling victim to scams and ensure that your digital currency stays secure.

So make sure to regularly update your devices and software to stay one step ahead of scammers.

Use strong and unique passwords

It is crucial to use strong and unique passwords when dealing with cryptocurrency. Scammers often try to gain unauthorized access to accounts, so having a strong password can provide an extra layer of protection.

A strong password should be long and include a combination of upper and lowercase letters, numbers, and special characters. It is also important to use different passwords for each account to prevent hackers from gaining access to multiple platforms if one password is compromised.

By using strong and unique passwords, individuals can better secure their cryptocurrency assets from potential scammers.

Enable two-factor authentication

To protect yourself from Bitcoin scams via text message, it is important to enable two-factor authentication. This extra security measure adds another layer of protection to your cryptocurrency accounts.

With two-factor authentication, you will need to provide a second verification code in addition to your password when logging into your account. This helps prevent unauthorized access and keeps your funds safe.

It's an easy and effective way to add an extra level of transaction security to your digital currency transactions.

Educate yourself about cryptocurrency and scams

To protect yourself from cryptocurrency scams, it's important to educate yourself about how they work. Learn what cryptocurrency is and how it can be bought through exchanges, apps, websites, or ATMs.

Familiarize yourself with the different types of scams that scammers may use to trick people into giving away their money or personal information. Stay informed about common scam techniques and be aware of the signs that indicate a potential scam.

By educating yourself about cryptocurrency and scams, you'll be better equipped to recognize and avoid falling victim to these fraudulent schemes.

who to report crypto scams to

Resources for Reporting and Preventing Bitcoin Scams

To report and prevent Bitcoin scams, there are several resources you can turn to such as the Federal Trade Commission (FTC), Internet Crime Complaint Center (IC3), Better Business Bureau (BBB), local law enforcement agencies, and the Anti-Phishing Working Group (APWG).

Federal Trade Commission (FTC)

The Federal Trade Commission (FTC) is an important resource when it comes to reporting and preventing Bitcoin scams via text messages. They provide valuable information and guidance on how to spot these scams, as well as steps you can take to protect yourself.

The FTC website offers resources in English and Spanish, making it accessible to a wide range of people. You can report fraud, read consumer alerts, search, and find helpful information on various topics related to scams and identity theft.

By visiting their website at, you can access the tools you need to stay safe from Bitcoin scam text messages.

Internet Crime Complaint Center (IC3)

The Internet Crime Complaint Center (IC3) is a website where you can report Internet crimes, including Bitcoin scams. They have resources and information to help you identify and report these scams.

The IC3 advises being careful of text messages from unknown senders asking for Bitcoin or personal information. It's important to research companies and individuals before engaging in Bitcoin transactions.

Reporting scams is crucial in protecting others from falling victim to fraud.

Better Business Bureau (BBB)

The Better Business Bureau (BBB) is an organization that helps protect consumers from scams, including Bitcoin scams. They provide resources and information to report and prevent these types of scams.

The BBB is dedicated to raising awareness about the risks associated with Bitcoin scams and educating people on how to identify and avoid them. They offer tips and guidance on protecting yourself from falling victim to these scams.

By working closely with law enforcement agencies, the BBB plays a vital role in promoting consumer protection when it comes to digital currency scams like Bitcoin.

Local law enforcement agencies

Local law enforcement agencies are crucial when it comes to reporting and preventing Bitcoin scams. They work tirelessly to protect the community from scammers and fraudsters. These agencies provide valuable resources and guidance on how to identify and report Bitcoin scams, ensuring that potential victims are aware of the dangers they may face.

Local law enforcement agencies collaborate with other organizations and agencies, such as financial institutions and cryptocurrency exchanges, to investigate suspicious transactions and prosecute those involved in Bitcoin scams.

Together, they form a strong network dedicated to combating fraud and keeping our communities safe from cryptocurrency scams.

Anti-Phishing Working Group (APWG)

The Anti-Phishing Working Group (APWG) is an organization that fights against cybercrime, especially phishing scams. They help people identify and report phishing attempts related to Bitcoin scams.

Their goal is to raise awareness about the risks and tactics used by scammers in the world of cryptocurrency. The APWG works with various organizations, like law enforcement agencies, technology companies, and financial institutions, to track down and shut down scam operations and phishing websites.

Together, they aim to educate the public and prevent Bitcoin scams from happening.


In conclusion, it is crucial to be aware of the various types of Bitcoin scams that can come through text messages. By recognizing the signs of a scam message and taking steps to protect yourself, you can avoid falling victim to these schemes.

Remember to report any suspicious texts to your mobile carrier and the FTC, and stay informed about common scam techniques. Stay safe and keep your hard-earned money out of the hands of scammers!

crypto scam alert


1. What is a Bitcoin scam via text message?

A bitcoin scam via text message involves messages from a random number promising quick crypto gains or millions of dollars in return for investment.

2. How can I spot crypto scams in text messages?

Crypto scams may ask you to send money, provide investment advice, or promise a million dollars quickly without clear details.

3. Is it safe to store cryptocurrency given by these texts?

No! Those texts are typically scams and the cryptocurrency they want you to store could be used as part of illegal activities.

4. Should we trust an unknown number promising huge returns on our investments?

It's usually not safe to trust such promises made by random numbers about crypto or any investment as it might be part of scam activity.

About the author 

Willis Wesley

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