According to the FBI, over $333 million was reported in losses linked to crypto ATMs in 2025. The actual amount stolen is likely a lot higher since many fraud victims don’t report their losses.
Crypto ATMs look a lot like a cash ATM. You can find them in gas stations and department stores. Scammers love these machines because once a transaction is completed, they usually can’t be reversed. This makes it difficult or impossible to get your money back.
The payment landscape has changed significantly in recent years. It’s changed so much that many find themselves undereducated on the matter. You may even feel too embarrassed to ask questions about different types of payments.
How do you know what type of payment form to use and when to use it?
- Talk to your bank before sending money to anyone. Don’t be embarrassed. Be transparent about what you are doing so they can assist you with the best options for your needs.
- Never use gift cards or use a Crypto ATM to pay a bill. Legitimate companies will not use these payment forms.
- If anyone tells you to send them money through a crypto ATM, this should be a red flag to pause and ask a trusted friend or relative for help. Make sure your trusted contact is someone you regularly engage with face-to-face.
The Federal Trade Commission has developed a simple form you can keep on hand to guard yourself against scams. When you panic, you forget where to go or who you can talk to. This form can help. You can pick one up at any Wyoming Community Bank location. Whether you are a customer of Wyoming Community Bank or not, we hope you take advantage of this free resource.
Scams can happen to anyone, but awareness is one of the strongest tools we have. If something feels urgent, secretive, or unusual, take a step back. A pause today can prevent a costly loss tomorrow.
For questions or concerns, contact your local Wyoming Community Bank branch. We’re here to help keep our community informed and protected!
