How safe is cryptocurrencies?

[Adebola]

Man people go into crypto investment for different reasons. For me saving money in the baby is waste and they will end up charging you but if u save it with crypto it will surely appreciate

 

[Kelly5]

How safe cryptocurrencies are will depend on how you use it and fir what purpose you use it. If you really know your way around making a futune off it, the better for you.

 

[Justin]

If the government of your country has legalized it, crypto currency is very safe, you cna use for fund transfer as well as invest and trade. However, if the goverment has not supported the crypto, it is unsafe.

 

[Kelly5]

For you to be sure of the safe of your funds in cryptocurrency in any wallet you're saving it in, be sure to always secure your wallet seed phrase safe somewhere and not on any electronic device or email please

 

[MercySmith]

Inasmuch as everyone is now talking about crypto currency and investing in crypto currency, it does not change the fact that it can crash any moment

 

[Victor72]

We could say that cryptocurrency does not have hundred percent safety because it has no back-up by the government, but still it is as real as any currency. I have been into cryptocurrency for sometime now and I don't regret it.

 

[Shigobad2020]

Cryptocurrency are not backed by a government.
Cryptocurrencies are not insured by the government like U.S bank deposit are, This means that cryptocurrencies stored online does not have the same protections as money in a Bank account.

Since I have started dealing with crypto currency, I have never had a cause to regret my actions because I am even gaining than saving in banks , and my coin has never be tampered with.

 

[GIFTMICHAEL]

Cryptocurrency might be risky rejected my other countries or individuals. But I'll say or give my own opinion around the coins. Its simply legit, even if its highly volatile. The experienced ones understands, and make good use if it.

 

[Victor001]

People keep asking this question on a regular basis,and still people continue investing in Bitcoin,this is just to show how important and credible the crypto trading as been adopted into the system.

 

[Bigabigs]

Yes it is true that cryptocurrencies does not have the backing and type of protection that fiat currencies have from the government. That does not mean it is unsafe. To me, it is very safe because it can ensure your future depending on how you go about it

 

[Setfragil]

There is no currency that is safe be it fiat or cryptocurrency. There were several occasions were fiat money were stolen through dubious ways and they were never recovered. So also cryptocurrency which is a digital currency without legal backing, cryptos are just volatile in nature that doesn't mean they are not safe.

 

[Mostee501]

You have a point here but if not for the aspect of scammers, cryptocurrency is safe as it is recognized and accepted by many top countries and world powers.

 

[Kingsley]

For now it will be difficult for anyone to come forward and tell me that crypto is 100% safe but in the real light of currencies are safe as long as no one is planning to hack through the systems and pretty soon it will have the support of the governments of somany countries.

 

[Jlife]

what do you must understand is that cryptocurrency is the future digital currency and this is the perfect time for you to get yourself involved in cryptocurrency so that when the world actually legalize cryptocurrency you will not be left out, this is the perfect time for investors to come in.

 

[eLdavis]

Cryptocurrency are not backed by a government.
Cryptocurrencies are not insured by the government like U.S bank deposit are, This means that cryptocurrencies stored online does not have the same protections as money in a Bank account.

These are some of the reasons why most world government wants to ban or have already ban crypto currency. Like in my country there is already a ban on crypto and there reason is that the coins are not under their control so they can not regulate its usage.

 

[Nomad]

It is true that crypto currencies are not backed by the government, but crypto currency are secured form of money, no one can steal your crypto assets if you follow the basic rules.

 

[Shigobad2020]

Cryptocurrency are not backed by a government.
Cryptocurrencies are not insured by the government like U.S bank deposit are, This means that cryptocurrencies stored online does not have the same protections as money in a Bank account.

Safe means different things because crypto currency is volatile and its always fluctuating but if you are talking about being scam free, it also depend on the types of wallet you are using.

 

[Richard92]

Safe means different things because crypto currency is volatile and its always fluctuating but if you are talking about being scam free, it also depend on the types of wallet you are using.

To what I've heard and review from everybody I think cryptocurrency is legit because even me I have invested in cryptocurrency and everything is going smooth.

 

[Tolumi]

Cryptocurrency are not backed by a government.
Cryptocurrencies are not insured by the government like U.S bank deposit are, This means that cryptocurrencies stored online does not have the same protections as money in a Bank account.

If by safety you mean the guarantee and security of your coins then Crypto is highly secured. Crypto is backed by what we call blockchain which cannot be altered or tampered with by any individual. Once the seed phrase to your wallet is secured, then your funds are secure also.

 

[mcjerry]

To me crypto currency is very secure. Though most governments of some countries don't support crypto currency. But they are going to accept it soon. Because after they see what good advantages that Blockchain technology has brought to human kind, they will eventually fall and accept it. I think maybe China or USA are developing a security technology using Blockchain technology