While almost all bank or brokerage accounts have insurance and other protections in place to keep your money safe, the same can’t be said for digital currency exchanges.
Some high-profile exchange hacks have shown how easy it is to lose your money.
This is one of the main reasons why security is often a big concern when buying digital currencies.
Find the best stock broker for you among these top picks.
If the private keys to your cryptocurrency get stolen, it will be almost impossible to get your money back.
It’s not as safe as a cold wallet, so you only want to store a small amount that you plan to use regularly.
There’s a lot of risk involved in buying Bitcoin or any other digital currency.
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