Told to Pay in Cryptocurrency or Use a Crypto Cash Machine? Why It Is a Scam Warning

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About Course

Scammers increasingly ask people to pay in cryptocurrency, such as Bitcoin, or to put cash into a “crypto ATM”. Learn what cryptocurrency is, why the Financial Conduct Authority (FCA) says crypto ATMs in the UK operate illegally, and what to do if someone asks you to pay this way.

Tutwoo is an independent learning provider. This course gives general information to help you recognise and avoid scams. It is not legal, financial or investment advice.

© 2026 Tutwoo UK Limited. This course was created in-house by Tutwoo and is our original work. It is for your own learning only: please do not copy, share, record or resell it.

What Will You Learn?

  • Understand in plain English what cryptocurrency is
  • Know why being told to pay in crypto is a major warning sign
  • Understand the FCA's warnings about crypto ATMs in the UK
  • Know what to do and who to contact if you have been targeted

Course Content

Course Lessons

  • Cryptocurrency in plain English
  • Crypto ATMs: what the FCA says
  • What to do

Sources & Further Reading
The official guidance this course is based on.

Final Assessment

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