There are as many as 10,000 crypto and a lot of cryptocurrency exchanges, with more being added. This can be really weird, especially for first-time investors. This article will go through the biggest risks that new and professional investors should be aware of in crypto market.
The top 9 risks of investing in the crypto
1). Volatility
2). Cybertheft and hackers
3). Decenlization
4). Risk linked to p2p trading
5). loss of private key
6). Trading platforms that are not regulated
7). Regional regulation
8). The risk associated in currency convertion
9). Taxation laws
Cryptos are trustworthy and secure assets because of the public ledger system, While blockchain may provide financial security, crypto decentralized nature, combined with the anonymity it provides, poses some risks.
Investing in digital assets is very risky, It's the Wild West, and because of crypto decentralized nature, it's packed with scammers and theifs. The advice i will give any Inexperienced investors reading this should invest only what they can afford to lose.
good post and content, quite right the advice at the end to invest what you are willing to lose.
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