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Beware of social media: Fraudsters often put adverts for scam crypto investments on social media. They can also send offers by direct message. Learn how to buy Bitcoin and crypto securely with Lloyds Bank, using FCA-regulated platforms for safe, compliant investments. Have you fallen victim to a crypto scam? Help protect others by sharing these tips. Avoid crypto scams.

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Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. Which makes it an attractive area for fraudsters to exploit. Some companies offer ATMs that you can use to purchase Bitcoin. And this entails putting money into an investment fund or trust that pools resources from several investors while owning several assets to reduce risk.