The risks of cryptocurrencies
Cryptocurrencies can rise and fall quickly, and they don't have the same investor protection as bank accounts. Before investing, it's worth understanding the risks and the scams.
You will need
- A clear idea of your own investment goal
- Willingness to accept large swings in value
Steps
Understand volatility
The value of cryptocurrencies can change by tens of percent in a short time.
Only invest money you can afford to lose
Choose a reliable service
Secure your account
Recognise scams
Never give remote access
Understand the taxation
Diversify
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