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Cryptocurrency Investments

If you’ve ever done business, you’ve probably been told that you can reverse a credit card transaction or reverse a wire transfer. When it comes to investing in cryptocurrencies, you don’t have that option. Therefore, you should be careful.

Cryptocurrencies are classified as virtual or digital currencies and there is no easy way to get the funds back. Once invested, cryptocoins will change many different wallets before the digital currency is converted to fiat currency.

Cryptocurrency market size

The cryptocurrency market is currently worth $1.08t. While that amount was as high as $2,000, there has been a slight decline. Nevertheless, it is still one of the world’s largest markets.

Such a large amount of capital is quite attractive to fraudsters. So we got a number of fake investments, exchanges, ICOs, trading companies, social media scammers and more.

Bitcoin has grown over 25,000% since its initial release in 2009. With so much growth, we have those who want to participate in the account of innocent investors.

Cryptocurrency ICO

As Bitcoin has reached its peak, we have several other cryptocurrencies such as Ethereum and Litecoin in the initial coin offering. People were encouraged to invest funds and help the market grow and were rewarded as shareholders.

While the ICO itself is legitimate and one of the best ways to invest in cryptocurrency, you need to do your research and ensure you are participating in a legitimate process.

Cryptocurrency exchange

Another way to buy and hold cryptocurrencies is through an exchange. You convert fiat currency (EUR, USD, GBP and other currencies) to digital currency (BTC, ETH, XRP, etc.).

Make sure you check the reputation of the exchange before making any purchases. It would be best to use a regulated exchange that follows some basic government rules. While the whole point of cryptocurrencies is to be free of government oversight; sometimes it’s safer to deal with a reputable financial services provider who plays by the book and can keep your funds safe.

Cryptocurrency trading

Finally, if you want to profit from the volatility of the crypto market, you can trade cryptocurrencies. There are plenty of trading platforms specialized in the crypto market that also offer small coins.

Again, make sure you check the brokerage and ensure you are dealing with a regulated financial services provider. Since cryptocurrencies are not subject to chargebacks or reversals, you can never be too careful.

Got scammed online?

We are here for all of you who are victims of all kinds of online scams. Our team is ready to track your money and return you what is rightfully yours, no matter how dire the situation.

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