Not too long ago, the notion of businesses or institutions buying or selling cryptocurrencies may have seemed absurd. However, as digital assets continue to experience exponential growth and gain widespread popularity, more and more corporate entities are eager to ride the wave and engage with this online crypto exchange arena. A survey of institutional investors […]READ MORE
Cryptocurrencies can be attractive speculative assets, but there is another use for them as well. Many cryptocurrencies can be used to buy and sell things, depending on whether the sellers and buyers accept those currencies. Below we will explore the top cryptocurrencies that can be sold for this purpose. We have provided all of those […]READ MORE
Last year, the cryptocurrency business exploded, expanding from $770 million to roughly $3 trillion, prompting the issue of what crypto to buy in 2022. Despite the danger of a worldwide COVID-19 outbreak, memecoins like Shiba Inu and Dogecoin enjoyed impressive increases last year. While the top gainers from last year deserve attention, the growing cryptocurrency […]READ MORE
When storing our crypto, we want to ensure it is completely safe. What is the best of the two wallets to keep cryptocurrency? Cold Wallets The majority of hardware wallets are cold wallets that run on tiny to medium-sized USB sticks. Cold storage wallets include paper wallets, actual bitcoins, and a separate offline computer dedicated […]READ MORE
Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk.
What are the key risks?
1. You could lose all the money you invest.
2. You should not expect to be protected if something goes wrong.
3. You may be unable to sell your investment when you want.
4. Crypto asset investments can be complex.
5. Don’t put all your eggs in one basket.
Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on anyone to do well.
A good rule of thumb is not to invest more than 10% of your money in high-risk investments: https://www.fca.org.uk/investsmart/5questions-ask-you-invest.
If you want to learn more about protecting yourself, visit the FCA’s website here: https://www.fca.org.uk/investsmart.
For further information about cryptoassets, visit the FCA’s website here: https://www.fca.org.uk/investsmart/crypto-basics.