Consumers' Awareness and Experience With Cryptocurrency Fraud

Abstract

Cryptocurrency ATMs have become a preferred payment method for scammers because they are a fast, easy, and often hard to trace way to get access to a victim's cash. 2 Yet, a large majority of U.S. adults cannot recognize cryptocurrency ATMs (i.e., they're unable to distinguish them from traditional bank ATMs).This di culty in recognizing cryptocurrency ATMs is especially pronounced among adults ages 50 and older.