Avoiding Scams & Phishing

As with any financial product, it is your responsibility to ensure you are not putting yourself at risk for scams or phishing attacks. Scams and phishing attacks are common types of fraud that seek to deceive you and take control of your assets.

When it comes to Blockchain Exchange, Blockchain’s platform, the most important way to protect yourself is by setting up 2FA on your account and by never sharing your secure login or password information with anyone.

Scams and Phishing attacks come in many forms in the crypto world. A list of some of the most common scams you should watch out for is as follows:

  • Impersonation - someone may legitimately seem as if they are contacting you from Blockchain or another third party website you use. We will never ask for your login information. If you have any doubt, open a Support Center Ticket on Blockchain Exchange  to confirm the validity of a request.
  • Phishing Emails or Websites - always be wary when receiving an email that was not prompted by you. If an email asks you to go to a website and reset your password, do not do it unless you have specifically requested this. These types of scams often result in a malicious third party recording your login details and stealing your funds.
  • Money Transfers / Deposits / Withdrawals - never perform money transfers on behalf of another individual, either for them or by giving them your login details. Not only is this a potential violation of Money Laundering and Terrorist Financing regulations, but you are also putting your own funds at risk if you give someone access to your account.

Other types of scams and phishing attacks could include: blackmail, fake exchanges, malware, and “pump and dump” schemes.

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