Despite its decentralized nature, transactions on most cryptocurrency networks are very secure — as long as crypto users take precautions . The underlying blockchain technology is inherently secure.6 Ara 2021
Read moreHow do you lose your money in cryptocurrency?
The value plummets and you sell: crypto is volatile with its price determined by sentiment. Though technically you only lose money if you sell an investment for less than you bought it for . This is known as “crystallising your losses”.14 Mar 2022
Read moreWhat are the negative effects of cryptocurrency?
5 disadvantages of cryptocurrency
Read moreWhy is crypto not safe?
Phishing scams Crypto is secured through the use of personal keys, which are essentially password phrases. Many scams attempt to gain access to your private keys. Always keep these keys secure, and do not share them with anyone.
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