Cryptocurrencies: what precautions to take when investing in digital money

More accessible than ever, crypto assets have become popular and now buying or selling them has become an easy task. As usual, however, you need to take some precautions to avoid falling into traps.
Cryptocurrencies: what precautions to take when investing in digital money

The year was 2013. Bitcoin, the first cryptocurrency

to appear on the web, was still not well-received by economists, investors, and even less by internet users. Almost everyone saw it as a passing fad. However, time passed, blockchain decentralization technology took hold, and new cryptocurrencies began to emerge. Today, “digital money” is commonplace around the world.

With such popularity, it is not difficult to basic image editing services find people who want to venture into investing in cryptocurrencies: after all, they can appreciate in value at an impressive rate. Anyone who bought R$50 worth of bitcoins in 2013 must now have more than R$200,000. Several “mainstream” platforms have also started to facilitate the purchase and sale of these currencies, which has further aroused the interest of the general public. However, it is important to remember that this universe is also full of traps.

Investing in cryptocurrencies is already a risky financial transaction in itself. These currencies are not regulated by an official entity and their fluctuations are unpredictable, so just as you can make a lot of money in a short period of time, you can also wake up with a hundred-year loss. However, what we will discuss here is the huge number of scams and frauds that you can fall victim to if you do not take some precautions before venturing into this world.

Hole in the wallet
The most common threat when we talk about cryptocurrencies is wallets, popularly known by their English name, wallets . This is the place where you store your virtual money. It can be an application or a specialized website — the basic operation is the same. You have a public key, that is, an identifying “address” through which you receive payments, and a private key, which identifies you as the owner of that wallet.

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The problem is that there are many malicious

wallets spread across the internet.

Avoid downloading apps from unknown or dubious wallets . At the very least, you may end up with fake software designed simply to steal your Даходныя аперацыі: чаму неабходна выйграваць у B2B cryptocurrencies. If you’re unlucky, the program will be loaded with malware that can infect your computer or mobile device.

Once you have a reliable wallet, it’s time to trade your cryptocurrencies. Just like in traditional financial transactions, you’ll need a virtual currency exchange to get your bitcoins or any other crypto asset. Basically, we’re talking about an online platform where you make a payment (using a bank slip, credit card or even PIX) and receive your virtual money in the wallet america email list you provided. Once again, be careful: there are many fraudulent currency exchanges that will take your payment and never give you the cryptocurrencies.

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