Paying with cryptocurrency

NightOwl67

I've been asked to pay for something with cryptocurrency but problem is I know nothing about it.  This needs to be done in next ten days. Where do I start? Help!

marcia_

NightOwl67 said:

I've been asked to pay for something with cryptocurrency but problem is I know nothing about it.  This needs to be done in next ten days. Where do I start? Help!

 Who, what organisation asked for payment in this way? Screams as a scam already 

masonic

Some legitimate organisations support payment using cryptocurrency (though not many). I don't think any legitimate organisation would require payment by cryptocurrency.

la531983

Agree with the above, sounds dodgy, but if it isnt open a Coinbase account. Easy enough.

Keep_pedalling

If this is the only payment method it is either a scam or you are purchasing something that is not legal to sell.

wmb194

NightOwl67 said:

I've been asked to pay for something with cryptocurrency but problem is I know nothing about it.  This needs to be done in next ten days. Where do I start? Help!

Ticking clocks are often red flags as well.

Cus

Is it onions from a roadside cart?

Bravepants

Cus said:

Is it onions from a roadside cart?

That sounds like a lot of malarkey to me!

MeteredOut

OP, please speak to someone you trust before paying for anything with crypto. Based on your recent post elsewhere on these boards, there's some major things going on in your life at present, and it is at these times that we are most susceptible to scammers.

Crypto and an urgency to pay are two major red flags here.

CliveOfIndia

MeteredOut said:

Crypto and an urgency to pay are two major red flags here.

I couldn't agree more.  Whilst Crypto is gradually starting to become ever-so-slightly more widespread as an accepted payment method for a small number of companies, no genuine company would insist upon it as the only payment method available.

And yes, instilling a sense of urgency is pretty much the oldest known and most obvious warning of a scam.  Whatever it is you're thinking of buying, I have one piece of advice - don't.

Albermarle

 Whatever it is you're thinking of buying, I have one piece of advice - don't.

I agree with this sentiment.

And yes, instilling a sense of urgency is pretty much the oldest known and most obvious warning of a scam. 
However it is also a standard sales technique. ' Last few in stock' ' Only one room left' ' Sale ends Friday' etc