As cryptocurrency becomes more widely used, awareness of potential risks and scams targeting users and businesses in Scotland and the UK has become increasingly important.

This practical new guide provides clear, accessible advice to help the public and organisations identify and avoid cryptocurrency frauds — including common warning signs and key advice should you find yourself affected by a crime of this nature. Coinbase provided expert insights on secure trading practices, safe storage of digital assets, and how to identify and report suspicious activity, ensuring the guide reflects the latest in industry best practices.

Alex Dowall, CEO of the Cyber and Fraud Hub, said: “Whilst the volatility of cryptocurrency can seem to offer innovation and opportunity, it can also attract organised criminals who exploit the public’s curiosity and trust. With cryptocurrency scams increasing year on year, this guide brings together insights from the police service and industry to help people recognise the warning signs, stay safe online, and report suspected fraud.”

The publication includes:

• An overview of cryptocurrency
• Practical steps for verifying legitimate cryptocurrency investments
• Guidance on safe trading, storage, and reporting suspicious activity
• Resources and contacts for those affected by cryptocurrency-related fraud

Detective superintendent Richy Taylor, Police Scotland, commented: “Partnership is key in tackling cyber-enabled crime. By working with the Cyber and Fraud Hub and Coinbase, we aim to empower the public to make informed choices and reduce the harm caused by digital fraud.”

Nick Wright, Coinbase UK, added: “Education is one of the strongest defenses against scams. At Coinbase, we combine cutting-edge security measures with user education to help people across the UK navigate the cryptocurrency economy safely and confidently. We’re proud to support this initiative to empower individuals and businesses to protect themselves from fraud.”