Is Cryptocurrency Safe?
This is one of the first questions beginners ask, and the honest answer is: it depends. The technology itself, blockchain, is considered very secure. Transactions are recorded publicly and can’t easily be changed. The ways people buy, sell, store and promote crypto can involve risks.
The main dangers include scams, fake coins, hacked exchanges and losing your private keys. Scams usually take place on small or unknown coins. There is also the risk of prices falling quickly through normal market mechanisms, which can mean losing money if you sell at the wrong time.
In order to stay safe, beginners should stick to well known exchanges, use wallets they control and be careful with emails or messages that look suspicious. Crypto has huge potential but just like any investment, it requires some degree of caution.