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Some social media platforms have made it easy for you to buy stuff from other members. Facebook Marketplace is one of the most popular. The problem is it’s littered with scammers.
Read on for five scams you must know about before buying anything on Facebook Marketplace.
Through the years, Facebook has morphed into a media giant interested in almost every aspect of our lives, including what we buy and sell.
Facebook Marketplace was first launched in 2016, allowing people to buy and sell locally. It might have had good intentions at the start, but it didn’t take long for scammers to see the value in the online marketplace.
According to cybersecurity company ESET, one in six people has been defrauded on the platform. To make that worse, there isn’t one scam to look out for, but several.
Here are five ways Facebook Marketplace scammers will try to rip you off.
One of the indications that you could be the target of a scammer is when they try to take the communication or payment method off Facebook. This is dangerous as there will be no record of messages on Facebook if something goes wrong.
Also, scammers might insist that you pay through untraceable methods such as cryptocurrencies or gift cards. A seller asking you to pay with gift cards should immediately be a red flag for you.
RELATED: Don’t have a Facebook account? Check if they have your phone number anyway
Cryptocurrencies have been around for some time and are very popular. But it comes with some risks, and this is the most dangerous thing you can do if you’re new to crypto.
The digital currency is created through a process called crypto mining. Many people have gone to great lengths to develop elaborate crypto mining operations, spending thousands of dollars on high-end machines that run day and night. Others have taken to sneakier methods for hopefully getting rich.
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🤑 Detroit block(chain) city: Starting in 2025, Detroit residents can use currencies like bitcoin and ethereum to pay for public services and even their taxes. Crypto will be converted into dollars via PayPal. The goal: To attract more tech-savvy residents and tech companies to the city.
The holiday season is fast approaching, which means scammers and cybercriminals will be out in full force once again. Tap or click here for details on a holiday decoration scam already circulating. Every year around this time, the number of security threats skyrocket.
Right now, the world of cryptocurrency is like the Wild West. Just think about all of the modern-day prospectors searching for their fortunes. If you’re looking for gold in the digital world, I’ve got a ton of resources to help you!
🚨 It’s not him: Elon Musk isn’t pitching crypto investments with obscene returns all over social and YouTube — they’re deepfake videos. A Michigan resident who lost $700,000 to scammers grew suspicious when, after he sent his money, he couldn’t find any info about the crypto company. Another victim in Nevada lost $220,000. Come on … you have to be smarter than to fall for this.