What are the risks with cryptocurrency?

Risks to crypto consumers

• Smurfing.
• Money-laundering through crypto exchanges/ATMs.
• Romance scams.
• Fake investment scams (i.e. initial coin offerings)
• Crypto used to purchase on the black market. Human trafficking, organ trafficking, and adult services.
• Crypto pump and dump.
• Fake crypto exchanges.
• Blackmailing scams.

Should you buy cryptocurrency?

Cryptocurrency is a risky investment and not right for everyone.

There are several factors to consider to determine whether you should buy.

If you’re considering investing,there are a few tricks to help keep your money safer.

Should I invest in crypto?

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, while a safer but potentially less lucrative alternative is to buy the stocks of companies with exposure to cryptocurrency .

How to invest in cryptocurrency?

Pick An Exchange First,you need to pick an exchange to buy from—like choosing a broker for stocks.

Buy Cryptocurrency These exchanges enable you to purchase crypto with your debit card. Typically you’re able to choose between different cryptocurrencies,like Bitcoin and Ethereum.

Store In A “Wallet”

What to know about cryptocurrency?

Cryptocurrency is an internet-based medium of exchange which uses cryptographical functions to conduct financial transactions. Cryptocurrencies leverage blockchain technology to gain decentralization,transparency,and immutability.

The most important feature of a cryptocurrency is that it is not controlled by any central authority: the decentralized nature of the blockchain makes cryptocurrencies theoretically immune to the old

Cryptocurrencies can be sent directly between two parties via the use of private and public keys.