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6 Most Common SMS Scams. 1. Fake bank payment confirmation. Scammers often impersonate your bank, confirming that you receive the payment in your bank account. The same amount the crypto buyer is supposed to transfer to your account. The key to remember here is to only transfer crypto to buyers once you have confirmed receipt of …
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Coinhub goes through great lengths to notify users of financial risks and scams that are possible with financial products, which include Bitcoin ATMs and Bitcoin Teller transactions. Our machines and purchase process which users go through always state these risks and awareness of scams so that you do not fall victim. Coinhub is a digital asset management platform which is both secure and easy to use. It supports all public chains and corresponding dapps as well as diverse functions like wallet, data, asset management, farming and trading. It …
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Some of the main benefits of Bitcoin ATMs include ease of access, privacy, and the ability to sell cryptocurrency. The downsides involve high transaction fees, as these can range between 5% and 20%. Moreover, Bitcoin ATMs typically only allow users to trade cash for bitcoin without providing support for any other type of cryptocurrency.
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