Cash App popularity has gone up and scammers have been using these opportunity to take advantage of people’s money. When it’s comes to sending and receiving money (both crypto currencies like Bitcoin), Cash App is fast, safe, trusted by millions of users, and reliable.
However, there have been several legitimate Cash app scams that have become infamous, and you need to know about them – but, what are these cash app scams? And how can you avoid them?
Cash App Scams That You Must Know About
There have been (and undoubtedly will be) nearly countless cash app scams, but these frauds make the list of the top Cash App Scams That You Must Know To Date. Take note.
1. Online Imposter (Cash App Wisdom 01)
Scammers will try to impersonate cash app online. They will pretend to be cash app officials in a way that cash app users can never spot any difference or notice any scam.
You receive a message from @cash.app000 saying!“CONGRATULATIONS! YOUR USER NAME WAS PICKED AS A CASH APP LUCKY WINNER. PLEASE SEND YOUR CASHTAG AND VALID EMAIL ADDRESS!”
Scammers make fake accounts similar to Cash app user name on Twitter and Instagram like, @cashapp.213432 or @cashapp.twitter02, with cash app logo, and claim to be doing “giveaways”.
They message you claiming you’ve won and that you can claim it, and by sending them money or completing their request. When you send them money, they take and that might not be the last you might hear from them.
How To Avoid This Online Imposter Scams?
- Look for blue check, Cash App’s accounts are verified. “No check, it’s not Cash App.”
- Check the behavior, if they want to send money, they do this so they gain your trust, make you crave for more profits, and you send them larger amount of money.
- Report their account as scam to help keep vulnerable profile safe.
2. Cash Flipping Scam (Cash App Wisdom 02)
Scammers claim they can “flip” your money. They will send you more back “magically”.
Please beware: these scammers will not actually send anything back to you.Cash app flip is a scam!
Flipper pad their accounts with fake credentials. Things like, customer testimonias, screenshot of how much they can flip. They insist “No scam,” “Legit,” “DMS open,” but if you send them money, they take and that might also not be the last time you might hear from them.
How To Avoid This Cash Flipping Scams?
- Look for signs of scamminess. If it claims not a scam, “it is probably is.”
- Don’t accept request on cash app from anyone you don’t know.
- Report flip account as scam to help keep vulnerable profile safe.