4 Risks of cryptocurrency .. Know them

in #cryptocurrency • 7 years ago


In recent years, e-currencies have been strong and have become a fortune for millions of people around the world in trading and buying and selling, but what many do not know is that there is a big risk to these currencies and their use.

  • Electronic currencies are vulnerable to cyber attacks, which raises many privacy issues, according to Reserve Bank Governor Jerome Powell.

  • This type of currency is a major target of global criminal activities, including money laundering, which is not traceable.

  • Electronic currencies are exposed to the risk of the exchange rate of the dollar and other foreign currencies from deposits to withdrawals and fluctuations in the rise and fall in currency rates.

  • Bitcoins' deposited funds and profits are susceptible to theft through piracy even from the digital intermediary portfolio.

7 years ago in #cryptocurrency by
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     7 years ago 

    good info thanks, I followed you please follow me back.
    and what it comes to the article, all money is risky...
    Government can BAN your fiat money like they did in India recently
    Government can BAN gold like they did in USA (gold was banned for 70 years) in the USA- the free country.
    even if you keep money in the bank it can get stolen...
    the same thing is with cryptos
    Buy cryptos and store them in OFFLINE wallet and you will be safe

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