Fighting Bitcoin Fraud: Insights from 21bitcoin’s CEO
🎧 Bitcoin, Fiat & Rock’n’Roll – Live from Electric Love Festival 2025
This episode comes with a twist: we’re recording from one of Europe’s biggest electronic dance music festivals, the Electric Love Festival 2025. Amid the beats and energy of the crowd, we dive into one of the most pressing challenges in the crypto industry today—crypto fraud, with a special focus on Bitcoin.
Our guest is Daniel Winkelhammer, founder and CEO of 21bitcoin, who brings both a deeply personal journey into the world of technology and an insider’s perspective from running one of Europe’s fastest-growing Bitcoin platforms. Born and raised in Salzburg, Daniel’s story began with tinkering on family computers, evolved through studies in informatics and business informatics, and eventually led him from corporate consultancy at Allianz and Porsche Bank to a full-time entrepreneurial path in Bitcoin.
Together we unpack the realities of crypto fraud: how scammers exploit Bitcoin’s irreversible transactions, why newcomers are particularly vulnerable, and how fraudsters build fake relationships to trick victims into sending funds. Daniel shares extreme real-world cases—like clients losing six-figure sums despite repeated warnings—and explains why fraud in crypto is both different from, and more dangerous than, traditional financial scams.
The conversation goes further: • Why fraudsters are attracted to Bitcoin, and why Bitcoin’s transparency still makes it harder to commit crime long-term. • How 21bitcoin protects its 80,000+ retail investors across 30 countries with transaction monitoring, customer education, and strict custody safeguards. • The challenges of preparing for institutional clients under MiCA licensing. • Why Daniel and his team remain Bitcoin-only, both for ideological and strategic reasons.
Amid the festival atmosphere, we return to the essentials: building trust, protecting investors, and ensuring Bitcoin adoption remains safe and sustainable. Daniel’s key advice? Educate yourself, stay patient, and think long-term.
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