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Three Threats Every Crypto User Should Understand Before Making a Transaction
Donnie8 min read·Just now--
Cryptocurrency gives people direct control over their money. Many people who love cryptocurrencies believe that money should be free. Not free as in free bread, but that owners should have control over their own finances. They should be able to store it where they want, keep it as long as they want, spend it where ever they want and buy whatever they want without getting permission from anyone. Money should belong to them, and Cryptocurrency fulfills this certain unaliable right to property.
The reverse is also true. If I am able to buy whatever I want, then someone else must by default be able to sell whatever they want. This is where the problems start. Not everyone in crypto has good intentions. Just like an awareness of dangers when walking down a city street, users need to be aware of the perils that can happen in cryptoland.
Our starting point was less risky. The security found in the safe neighborhood of the banking community provides layers of protection between you and a bad decision. A bank may flag suspicious activity. A credit card company may reverse a fraudulent charge. A customer service department may help recover access, and the government will even prohibit you from investing where they think you don’t belong. -I digress.
Crypto does not work that way.
Though there are, in my opinion, draconian rules telling us what we can and cannot invest in, and the governments…
