WHAT ARE SOME TIPS FOR INVESTING IN BITCOIN AND OTHERS CRYPTOCURRENCIES WITHOUT GETTING SCAMMED OR LOSING MONEY?

Research any exchange before you buy crypto. In the past, some cryptocurrency exchanges have suffered damaging attacks from hackers. …
Research cryptocurrencies before investing in them. Read the crypto’s whitepaper. …
Store most of your crypto in a secure crypto wallet.

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Is cryptocurrency safe? Things to be aware of
Cryptocurrencies may be more secure than other types of currency, and riskier in others. Before buying or selling crypto, you’ll want to be aware of potential scams and other pitfalls to look out for.

19 OCTOBER 2022
10 min read

The following statements do not constitute investment advice or any other advice on financial services, financial instruments, financial products, or digital assets. They are intended to provide general information. The following statements do not constitute an offer to conclude a contract for the purchase or sale of financial instruments and financial products or an invitation to submit such an offer and to buy or sell any particular digital asset. Cryptocurrencies are subject to high fluctuations in value. A decline in value or a complete loss are possible at any time. The loss of access to data and passwords can also lead to a complete loss.

Is cryptocurrency safe? It’s a legitimate question, given the recent spike in cryptocurrency trading and governments’ struggles to keep up with consistent regulation. Cryptocurrency’s security or lack thereof will likely continue to be a more pressing issue in the years ahead, as a recent report from Allied Market Research projects the global crypto market to more than triple by 2030.

The answer to how safe crypto actually is, at least for now, is complicated. Yes, cryptocurrency does come with some security risks that you should know about before making your first trade. Firstly, crypto is still an extremely volatile asset class, prone to roller-coaster fluctuations in price. Secondly, this relatively new and relatively unregulated financial ecosystem comes with its share of scammers looking to prey on unsuspecting newcomers.