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All about Bitcoin!
We’ve all heard about cryptocurrency; Bitcoin, Ethereum, NFTs, and other cryptocurrencies are becoming a large part of the people’s economy. Many people are investing in people carelessly, throwing money in the trash bin. Online, I only see what cryptocurrencies benefits have, I have never seen I posts about scammers and hackers, and the dangers of investing in cryptocurrency, which is also an important thing. I will give my evaluate on whether cryptocurrency is safe or not.
My oldest brother thinks that cryptocurrency is the future of the meta-verse, or the world behind the screen. He even convinced me to invest in Ethereum, which I do not regret. Ever since I bought that Ethereum all my ads have been about getting free Ethereum. When my friend saw me buy ETH, she wanted to buy some as well, so she did. She did not know about the hackers and scammers, so she opened a link. When she opened her crypto-wallet 3 days later, her money was gone. If you ask her, she is going to tell you it is not safe, but keep in mind that she was only 13 years old.
According to the article by Coinbase called, “What is a crypto wallet?” Cryptos are safe. They have a password; they are immune to computer viruses. I agree with them, if you know how to use it, it is safe. Nothing is wrong with my crypto wallet because I am responsible. People invest in crypto because they wait for it to grow and cash it out. It is worth it.
When you first open a crypto wallet, you have a 12-word password which only you know the combination to, it is important to write these down physically. Every time you open the app you must type the password. I consider this a good security measure. Most crypto professionals say that if you buy the right crypto and use the right crypto wallets you are safe, others say it is not. However, if you invest a small amount of money for a trial you will not have a big loss.
Overall, I think crypto is safe. You can search online how to use it and use reliable wallets like Meta mask or Ronin wallet and invest in big cryptos such as, Ethereum or Bitcoin. You should not tell your password to anyone and do not trust any ads or emails that are about cryptocurrency. If you complete all these steps, you will be safe online.
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