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 moreIs cryptocurrency a safe investment?
Investing in crypto assets is risky but also potentially extremely profitable. Cryptocurrency is a good investment if you want to gain direct exposure to the demand for digital currency . A safer but potentially less lucrative alternative is buying the stocks of companies with exposure to cryptocurrency.16 Mar 2022
Read moreWhy is cryptocurrency not safe?
Cryptocurrency exchanges and third parties offer storage for your coins through hot wallets, which are secure, but still online (and therefore still susceptible to hacking). Crypto held on an exchange or in a wallet is not FDIC-insured like money in the bank .
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