In the process of purchasing mining machines across borders, preventing fraud is crucial. Full payment is required before the mining machines are shipped, which can range from a few thousand dollars to tens of thousands or even millions of dollars. To avoid falling into the scammers’ traps, buyers should pay special attention to several key points.
Check the Business License/Business Registration Certificate
Always request the latest valid business registration certificate, the Chinese would call it a business license. Scammers usually avoid applying for a legitimate company to reduce their scam costs.
Check the Company’s Official Website
If the other party provides a business registration certificate, check whether they also have an official website. Whether the website is self-operated or outsourced, creating and maintaining a website involves certain costs, which increases the scammer’s cost.
Verify the sales person’s information
Check the “Contact Us” page on the website to see if sales information is listed. Be sure to confirm that the salesperson you are contacting is the same person listed on the official website. Verify the phone number, WhatsApp, Telegram, and email to ensure they match the sales on the website.
Check if the company has historical shipping videos
These are typically posted on the official website or social media platforms.
Verify the USDT address
If the above issues are satisfactory, you can move on to the payment step. Wait, please! Ensure that the USDT payment address is the same as the one provided on the company’s official website.
This helps avoid scammers and prevents company employees from selling machines privately, which could lead to subsequent losses.
Shipping and self-pickup of in-stock goods
If shipping service is required, make sure to ask the salesperson for a tracking number after shipping to prove the goods have been dispatched. DHL/UPS/FedEx will all have tracking numbers.
If you are using your own freight forwarder for pickup, the salesperson will provide the warehouse address and phone number after payment. Be cautious here: if the provided mobile phone number is formatted like 13888888888 or 13666666666, I can be 99% sure it’s a scam. This is because numbers like 8 and 6 are considered lucky numbers in China, and the cost to acquire such phone numbers is astronomical. However, scammers may exploit your unfamiliarity with Chinese culture and provide you with a fake warehouse phone number to stall you, giving them more time to continue their scam. There have been real scam cases like this, so I want to emphasize it.
Conclusion
These are the 6 key points to avoid fraud when buying mining machines. If the supplier follows these 6 points, it can help avoid over 90% of scams. I hope your mining machine purchase goes smoothly, and may scammers have no place to hide. If you need further anti-fraud knowledge, please let me know in the comments.
