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Getting Started With Black Swan
How do I get started purchasing Bitcoin / cryptocurrency at a Black Swan ATM? What do I need to be able to buy cryptocurrency?
- Cash: Purchasing cryptocurrency can only be done with cash at this time.
- Digital wallet: Create your digital wallet online in advance through any cryptocurrency wallet app.
- Government-Issued ID: Your identification may be used to verify your identity depending on the amount of your Bitcoin purchase. For purchases over $799, you will need an ID.
- Your Cell Phone: You will need to confirm the account you create on the ATM through your cell phone, as well as scan your wallet code on the ATM in your wallet app.
Why is Bitcoin confirmation necessary?
What is the Bitcoin blockchain?
What are network fees?
What is a Wallet?
You can create a digital wallet through any cryptocurrency wallet app. Be sure to write down your wallet information, such as username, password, and private key, in a safe place.
How do I buy cryptocurrency?
Security and Compliance
Why do I have to show identification to purchase cryptocurrency?
Do I have to buy cryptocurrency with cash? Can I use a credit or debit card?
Where is my Bitcoin? Why haven’t I received it yet?
How much cryptocurrency can I buy daily at a Black Swan ATM?
Can I send money to other people on a Black Swan Bitcoin ATM?
What potential cryptocurrency / Bitcoin scams should I be aware of?
Family Member / Friend Accounts on Social Media
Many scammers use social media to prey on unsuspecting people. Don’t trust new social media accounts claiming to be friends or family if they are asking for cryptocurrency to help them out of a bad situation. Ask them to contact you in person to see whether their request is legitimate. Currenclty, cryptocurrency can’t be used to pay medical bills, attorney fees, or other expenses that scammers often claim they need help for.
There are currently no financial assistance programs including grants that require you to pay for anything such as delivery, shipping, or transportation via cryptocurrencies like Bitcoin.
Don’t trust ads promising high rates of return (ROIs) on your Bitcoin / cryptocurrency investment if you can’t verify the investment company’s authenticity.
Never move your transaction outside of trusted sites such as eBay or Amazon with a third-party seller, even if they say they are a verified employee who only accepts cryptocurrency.
An increasing number of scammers use social media and / or online dating to attract victims in order to steal your crypto. Do not share any wallet information with anyone that you haven’t known for an extended period of time and have met them in person / live with them.
Social Security / IRS / Police / Other Government Officials
An individual claiming to be from a position of authority will tell you that your information was stolen and that they can protect your money if you provide them with your wallet information or that you need to send them cryptocurrency to clear your name from charges being brought against you. There is never any reason that anyone from any branch of government will call you to request cryptocurrency or your wallet key.
An individual posing as a rep from your utility company will state that your services will be turned off unless you pay them with cryptocurrency.
Vacation Rentals / Airbnb / Housing
Cryptocurrency scammers post fraudulent property listings that only accept cryptocurrency as payment. They lie about being a real estate agent to the property owners, so they can get you into the property to appear to be legitimate.