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How To Protect Yourself From QR Code Generator Scams

It’s safe to assume that some people prefer using QR Codes rather than wallet addresses simply due to the fact that it’s quicker to do a QR Code scan using a mobile phone.

Due to this, some people resort to using “QR Code Generators” or “converters” to convert a wallet address to a usable QR Code.

  • How the scam works

-The victim opens the fraudulent bitcoin address to the QR code converter.

-The victim enters his/her wallet address.

-Instead of giving the victim the QR code of the wallet address he/she entered, the scammer instead displays a QR code of a different wallet address which the scammer owns

-The victim then unintentionally sends funds to the scammer thinking that he/she’s sending the funds to his/her own wallet.

  • How to protect yourself

Always double-check if the service you’re using is actually giving you the correct and legitimate QR code.