Developer, Bitcoiner, Entrepreneur, Author of "The Truth About Bitcoin"

Sylvain Saurel

Sending Bitcoin involves making a transaction on the Bitcoin network.

It is equivalent to making a banking transaction in the current monetary and financial system.

So the question you are asking comes down to:

How to avoid getting scammed when you use your money?

Simply think a little before sending your money to a third party. In the Bitcoin system, we must also add the fact that since you are in total control, there is no way to reverse a transaction. No insurance, nothing.

It is up to you to ensure the safety of the fruits of your work.

In the current system, you could notify your bank of your mistake. Your bank could even possibly reimburse you…

Not in the Bitcoin system, because you have full control. The power that gives you comes at a price: that of being responsible.

Remember what Uncle Ben said to Peter Parker:

“With great power comes great responsibility.”

Within the Bitcoin system, your responsibility is therefore to avoid sending your money to anyone by believing in promises like: “Send me 1 BTC, and I will send you 2 then.”

In short, common sense advice.

If you pay attention to this and are wary of anything that is too beautiful, I am sure that you will have no problem protecting the fruit of your labor as long as you have in your possession the private keys associated with your Bitcoin.

Sending Bitcoin involves making a transaction on the Bitcoin network.

It is equivalent to making a banking transaction in the current monetary and financial system.

So the question you are asking comes down to:

How to avoid getting scammed when you use your money?

Simply think a little before sending your money to a third party. In the Bitcoin system, we must also add the fact that since you are in total control, there is no way to reverse a transaction. No insurance, nothing.

It is up to you to ensure the safety of the fruits of your work.

In the current system, you could notify your bank of your mistake. Your bank could even possibly reimburse you…

Not in the Bitcoin system, because you have full control. The power that gives you comes at a price: that of being responsible.

Remember what Uncle Ben said to Peter Parker:

“With great power comes great responsibility.”

Within the Bitcoin system, your responsibility is therefore to avoid sending your money to anyone by believing in promises like: “

Send me 1 BTC, and I will send you 2 then.

If you pay attention to this and are wary of anything that is too beautiful, I am sure that you will have no problem protecting the fruit of your labor as long as you have in your possession the private keys associated with your Bitcoin.

Sylvain Saurel

How can I avoid getting scammed when sending Bitcoin?

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Sylvain Saurel