How can I recognize and avoid scams?

Summary

Be aware of scams involving Cryptonow Gift Cards. If you believe you’re the victim of a scam involving Cryptonow Gift Cards, contact Cryptonow Support immediately.

Cryptonow Gift Cards are a simple and secure way to start your crypto journey — but just like any other financial product, they can sometimes be misused by scammers. It’s important to know how to recognize fraudulent behavior and protect yourself from potential scams. This article explains the warning signs, common tactics used by fraudsters, and what to do if you think you’ve been targeted.

Cryptonow Gift Cards can only be used on the official Cryptonow platform

Cryptonow Gift Cards can be used only to purchase crypto through official Cryptonow services. If someone asks you to use your Cryptonow Gift Card to pay for something not sold by Cryptonow, it might be a scam.

Examples of items that cannot be paid for with Cryptonow Gift Cards:

  • Utility or hospital bills

  • Debt collection or legal fees

  • Taxes or government-related fees (immigration, social security, etc.)

Don’t share your redemption code or Private Key

Cryptonow Starter Kit® (Cryptonow Wallet®)
Never share the redemption code or Private Key from your Cryptonow Wallet® with anyone you don’t personally know or trust. These details give full access to your Bitcoins — once shared, your funds can be permanently lost.

Cryptonow Gift Card Backsite

For Cryptonow Prepaid Gift Cards (physical or digital)
Never share the activation code from your physical or digital Cryptonow Prepaid Card.
Scammers may try to trick you into revealing this code to “activate” or “verify” your card — but once shared, the balance can be stolen instantly. If someone gains access to these codes, they can spend your funds before you can contact law enforcement or Cryptonow Support.

Cryptonow Gift Card Backsite

Scams follow a common pattern

Scammers often use emotional manipulation or urgency to trick victims into buying or sharing codes from Cryptonow Gift Cards. They might pretend to be from a company, government agency, or even show romantic interest to build trust.

Common scam indicators include:

  • Unexpected contact by phone, email, text, or social media

  • A sense of urgency — “You must pay immediately!”

  • Requests for payment via Gift Cards

  • Step-by-step instructions on how to buy and share card codes

  • Pressure to send redemption code(s) or wallet information

What to do if you suspect a scam

If you think you might be dealing with a scam:

  • Stop communication immediately

  • Do not share any codes or wallet details

  • Collect as much information as possible (messages, phone numbers, screenshots)

  • Contact Cryptonow Support via the Help Center

In short

Cryptonow Gift Cards are meant only for buying cryptos within the official Cryptonow ecosystem. If anyone asks you to use them for other payments, it’s a scam. Never share redemption codes or your Private Key — once shared, your funds can be lost permanently.

Contact us

If you think you’ve been targeted by a scam or have questions about suspicious activity, our support team is ready to help.


© Copyright 2026 Cryptonow GmbH. All Rights Reserved.

Cryptonow GmbH, Marc-Aurel-Straße 10-12/15a, 1010 Vienna, Austria, provides the regulated service of exchanging crypto-assets for other crypto-assets and/or fiat currency as the principal counterparty to the client.

Cryptonow GmbH is licensed as a Crypto-Asset Service Provider (CASP) under Austrian law. Trading in crypto-assets involves substantial risk and may not be suitable for all investors. Prior to engaging in any transaction, investors should carefully assess their investment objectives, level of experience, and risk tolerance. The value of crypto-assets is highly volatile and may result in significant losses within a short period. Each crypto-asset possesses distinct characteristics, and investors should undertake thorough research and ensure they fully understand an asset before engaging in any trade. Past performance is not a reliable indicator of future results. This content qualifies as a marketing communication within the meaning of the Markets in Crypto-Assets Regulation (MiCAR), does not constitute an investment recommendation or financial advice, and investors must ensure they understand all associated risks, including the potential loss of the entire invested capital. Funds should not be invested if their loss cannot be financially sustained.