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Investing In Cryptocurrency: How To Start And What Are The Risks Story
Investing In Cryptocurrency: How To Start And What Are The Risks
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What Is Cryptocurrency ?
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Cryptocurrency is digital money that uses cryptography for security.
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Cryptocurrencies are often bought and sold on centralized or decentralized exchanges. The exchanges allow investors to trade cryptocurrencies for cash or other cryptocurrencies.
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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.
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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
Coinbase
,
BinanceUS
,
BlockFi
, and
Crypto.com
. And don’t send crypto to strangers online.
Fraud
Learn more
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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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Cryptocurrencies held in a digital wallet or crypto exchanges do not currently have the same safeguards as other asset classes.
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Read
more
What Is A Triple
Net Lease Or NNN Lease
Can Pseudonymous Crypto Founders Be Trusted?