Investing In Cryptocurrency: How To Start And What Are The Risks

We’ll walk you through the basics, help you understand the pros and cons, what to buy for your needs, and show you how to protect your investment.

What Is Cryptocurrency ?

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Cryptocurrency  is digital money that uses cryptography for security.

Cryptocurrencies are often bought and sold on centralized or decentralized exchanges. The exchanges allow investors to trade cryptocurrencies for cash or other cryptocurrencies.

The Risks of Investing in Cryptocurrency

Volatility - The fluctuations may result in significant financial losses in a short period regardless of whether you have direct or indirect exposure.

Exchange Hacking - Investors who invest in stocks treat crypto exchanges similar to brokerage accounts and leave their crypto coins on the exchanges.

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You must always trade only on reputable U.S. exchanges like CoinbaseBinanceUSBlockFi, and Crypto.com. And don’t send crypto to strangers online.

Fraud

If you lose access to the site where you store your key, you will no longer be in control of your cryptocurrency.

Lack of Recoverability

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