Watch Out for Cryptocurrency ATM Scams

Scammers are becoming increasingly bold, and one of the fastest-growing fraud trends involves cryptocurrency ATMs. Here’s how it works: fraudsters pose as a trusted business, government agency, or even a utility provider. They’ll claim you owe money and insist the only way to settle it is by making deposits into a crypto ATM. To make matters worse, they’ll often stay on the phone, using aggressive and intimidating language to pressure you into acting quickly.

These scams are designed to keep you from thinking clearly. Fraudsters know that when you’re rushed, you’re less likely to question the situation. That’s why their instructions are so forceful—don’t talk to anyone, don’t hang up, just get the money and pay now. But here’s the truth: no legitimate business or government agency will ever demand payment in Bitcoin or another cryptocurrency.

If you ever receive a request like this, stop and take a moment to think. Ask yourself: does this make sense? Am I being pressured to act without time to verify? If the answer feels off, it probably is. Trust your instincts.

At North American Banking Company, we want to help protect our customers and our community. If you’re ever unsure about a payment request, don’t go it alone. Contact us first. We’re here to listen, answer your questions, and help you avoid falling victim to fraud.