Is cryptocurrency secure?

is cryptocurrency secure

Sumary of Is cryptocurrency secure?:

  • Image source: Getty Images Share this page: Cryptocurrency is decentralised, meaning that transactions operate outside the control of governments and central authorities.
  • On the other hand, the technology that cryptocurrencies use is secure enough to protect your investments.
  • Rob Armstrong (managing director, restructuring advisory) and Jen Harrison (senior manager) at Kroll shed some light on Cryptocurrency security and how it should be dealt with in an insolvent estate.
  • Before we continue, note that investing in cryptocurrency is extremely high risk and complex.
  • The Motley Fool has provided this article for the sole purpose of education and not to help you decide whether or not to invest in cryptocurrency.
  • Should you decide to invest in cryptocurrency or in any other investment, you should always obtain appropriate financial advice and only invest what you can afford to lose.
  • When cryptocurrency safety is in question, hackers are often the first thing that comes to mind.
  • This is probably because of news about hacks in the crypto market, especially cryptocurrency exchanges.

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