Coinbase Warns Users Not To Transfer BTC, ETH, & Other Coins To Scammers

Lately, we have been seeing a lot of scams on Twitter. These scams are designed to steal your cryptocurrencies. They tweet out requesting you to either send or donate your bitcoins and ethereums.

Of course, we believe no one falls for them. But many do because of what these scammers have to offer: they offer you additional coins to your wallet?

Why? It is their way of giving back to the community. That’s BS.

Perhaps there is a reason why these scams continue to exist and thrive. It is because of some of us – who are driven by greed. And this greed is dangerous.

Though, on the other hand, it is also a battle for Coinbase. You see, some of them who got scammed are raising a ticket, or talking to the Coinbase support to see if they can recover their lost costs. This is not possible.

And that is why Coinbase is officially pointing out this simple fact: to not fall for such scams. To not transfer your coins to some random unknown address.

Also, Coinbase recommends the best way to stay safe is to follow only the official account. It is a standard message from any business, yet worth sharing here:


Be sure to always follow Coinbase (verified account) on Twitter here:

Note: A typical scam on Twitter looks like this: the impersonator tweets out the wallet address requesting you to donate / transfer your coins.

Another example:


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