Bitcoin Scams in Cameroon: How to Protect Yourself

Every week, Cameroonians lose money to crypto scammers. After 8 years in this business, we’ve seen every trick. Read this before trading with anyone, including us. A trader who hides this information from you is not protecting you.

Rule 1: Never release Bitcoin before money is in YOUR account.

A screenshot is not money. Scammers fake MoMo screenshots in seconds. Check your actual balance, dial *126# yourself, before releasing anything.

Rule 2: Beware of “too good” rates.

A rate far above market is the bait. Real businesses can’t pay significantly above market; they’d lose on every trade. The amazing rate disappears the moment your coins do.

Rule 3: No third-party payments. Ever.

The name on the payment must match the person you’re trading with. Third-party payments are how stolen money flows through your account, and you take the blocked account.

Rule 4: Verify who you’re dealing with.

A real trader has years of history, public pages, and clients who vouch. A scammer has a two-week-old account and pressure tactics.

Rule 5: Never share your wallet’s secret phrase.

No legitimate trader, platform, or “support agent” will ever ask for your 12-word recovery phrase. Anyone who does is stealing your wallet.

Rule 6: Slow down when pressured.

“Send now or lose the deal!” is the scammer’s main tool. A legitimate trader confirms a rate and gives you reasonable time.

Unsure about a deal, even one that has nothing to do with us? Message us. We’d rather help you dodge a scam for free than watch another Cameroonian lose their savings.

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