PRSRT STD US POSTAGE PAID BOISE, ID PERMIT 411
6700 N. Linder Rd., Ste. 156 #297 Meridian, ID 83646 208-707-9807 GoDaveTester.com
Subscribe to My New Podcast 1 3 3 2 4 CRYPTOCURRENCY — IS IT SAFE? An Overview of the Risks of Virtual Money When people hear the word 4 Steps to a Better Lead Nurture Campaign Embrace Being Wrong With Adam Grant’s Help Is Virtual Money a Safe Choice? Bite-Size Quiche
makes cryptocurrencies extremely difficult to tamper with, especially the biggest currencies like Bitcoin or Ether. Not all cryptocurrencies are “unhackable,” however. In 2018, hackers robbed Coincheck investors of nearly $534 million.
overall, risen to enormous highs over the past few years.
“cryptocurrency,” some may associate it with cybercriminals and unscrupulous activity. But is using cryptocurrency actually safe? Let’s take a look at several common concerns to answer that question.
IS CRYPTOCURRENCY SAFE TO INVEST IN?
As a newly created market, cryptocurrency is still fairly volatile in the eyes of financial experts. However, that doesn’t mean it’s a bad idea to invest or play the market. Just make sure to keep your cryptocurrency portfolio diversified, and don’t invest too deeply in one currency over another. Research the cryptocurrency exchange you plan to use. Never invest more than you’re willing to lose, and try to talk with experienced crypto investors to gain their tips and insights. By utilizing this knowledge, you can use crypto thoughtfully and safely, and you’ll have some insights to share when people ask you the same questions.
IS CRYPTOCURRENCY SECURE?
IS CRYPTOCURRENCY SAFE TO USE?
If you put your money into a bank insured by the Federal Deposit Insurance Corporation (FDIC), you know your money is safe (unless something extremely drastic happens to the economy). However, if you put your money into cryptocurrency, you might wonder if it’s secure or whether hackers can take it from you.
Currently, it’s perfectly legal to buy and sell with cryptocurrencies. In fact, if you use a crypto exchange like Gemini, many big-box
merchants have partnered to trade and sell their goods for cryptocurrencies like Bitcoin.
Luckily, the blockchain technology of cryptocurrency records every single
If you’re considering putting most of your funds into cryptocurrency to use like a checking account, however, it may not be the best decision. The market fluctuates dramatically, even if the values have,
transaction as timestamped “blocks” in a digital ledger. Additionally, every transaction requires a two-factor authentication process. It’s a complex, technical process, but it
4
Made with FlippingBook Ebook Creator