Crypto ATMs Are Everywhere: How to Spot and Avoid Cryptocurrency Scams in 2024

Have You Seen a Lately?

You might walk by one every day without knowing it. These bright machines look like regular bank ATMs. They sit in grocery stores, gas stations, corner shops, and even laundromats. Crypto ATMs let you turn cash into digital money like Bitcoin. But here’s the problem: scammers love them too.

In the first half of 2024, crooks stole $65 million through these machines, says the Federal Trade Commission (FTC). That’s a huge jump. And older folks over 60 lost $46 million of that. The real number is probably higher because many people never report it.

Why are a scammer’s dream? They are quick, private, and hard to trace. Scammers trick people into using them to send money that vanishes fast. In this guide, we’ll…

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