Is PayPal Bitcoin Order Confirmation a scam?

The “PayPal Bitcoin Order Confirmation” email or text message is a scam that is currently making the rounds. The scammers behind this scheme are sending out emails that appear to be from PayPal, claiming that the recipient has authorized a payment of $725.84 to Binance Corp, a cryptocurrency exchange company.

Why are PayPal Bitcoin invoice scams so popular?

One reason that PayPal Bitcoin invoice scams and other blockchain-related PayPal scams are popular is because most people don't really understand cryptocurrencies. In many people's minds, it's associated with speculation, get-rich-quick scams, and anonymous transfers. You may even be afraid that you've fallen victim to an identity theft scam.

How do I contact PayPal if I receive a bitcoin Order Confirmation?

Instead, log in to your PayPal account to check your transactions and contact PayPal directly through their website or customer service number listed on their website. If you receive the “PayPal Bitcoin Order Confirmation” email or text message, do not call the customer support number.