What are the common vanilla card scams in the cryptocurrency industry?

3 answers

• Elber .com1234 SanchezAug 29, 2021 · 4 years ago
  One common vanilla card scam in the cryptocurrency industry is when scammers trick users into purchasing vanilla gift cards and then ask for the card details to supposedly complete a transaction. These scammers often claim to be selling cryptocurrency at a discounted rate and require payment through vanilla cards. Once the scammers have the card details, they can quickly drain the funds from the cards without providing any cryptocurrency in return. To protect yourself, always be cautious when someone asks for payment through vanilla cards and only transact with trusted sources or platforms.
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• Kruse KrogFeb 15, 2022 · 4 years ago
  Another common vanilla card scam involves scammers posing as customer support representatives from cryptocurrency exchanges. They may contact users claiming there is an issue with their account and ask for payment to resolve the problem. These scammers may request payment through vanilla cards, claiming it is a secure and quick method. However, legitimate exchanges will never ask for payment through vanilla cards or any other gift cards. If you receive such a request, it is likely a scam. Always verify the legitimacy of any communication before providing any sensitive information or making any payments.
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• Joel AmpuanSep 05, 2025 · 6 months ago
  At BYDFi, we prioritize the security of our users and want to raise awareness about common scams in the cryptocurrency industry. One of the scams to watch out for is the vanilla card scam. Scammers often target unsuspecting users and try to convince them to purchase vanilla gift cards as a means of payment for cryptocurrency. However, it's important to note that BYDFi will never ask for payment through vanilla cards or any other gift cards. We encourage our users to stay vigilant and report any suspicious activity to our support team.
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