Loader or load-up scams

Pro tip: If it sounds too good to be true, it probably is.

Loader or load-up scams 

Fraudsters frequently offer “loading” services on a variety of platforms. They claim to need Coinbase accounts with high limits, offering the victim a portion of the proceeds. These scammers use stolen credit cards on compromised accounts to perpetuate payment fraud. The end result is that the victim is left with payment delinquencies after the legitimate card holder discovers the fraud, and the scammer often steals any available cryptocurrencies and submits unauthorised charges on verified payment methods. Please be aware that you are responsible for any payments submitted using your authentication credentials. 

  • Never, under any circumstances, provide your passwords or security codes to third parties. 

  • Report any “loaders” to Coinbase and to the platform where they are advertising their credit card fraud.