Cryptocurrencies how safe are they

cryptocurrencies how safe are they

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Are Cryptocurrencies Safe Investments? Cryptocurrencies have attracted a reputation as unstable investments due to high investor losses due to scams, hacks. While one-in-five cryptocurrency users say they are extremely or very confident that it is safe and reliable, that share drops to 2% among those. Cryptocurrency exchanges, more so than stock exchanges, are vulnerable to being hacked and becoming targets of other criminal activity. Security breaches have.
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Get started. Although cryptocurrencies are considered a form of money, the Internal Revenue Service IRS treats them as financial assets or property for tax purposes. With Bitcoin, Ethereum, and education, you can invest with confidence. So, crypto is legal in the U.