Risks That Should Be Tackled By Crypto Investors Or Crypto Holders

Cryptocurrency maybe one of the most favored choice when it's comes to investing by many individual as it's yield a great profits when one invested in it for a long-term. But despite its being a lucrative investment, it sure does have it's own risk just like any other investment and it is important for the crypto's holder or investors to address the risk associated with investing in cryptocurrencies. Below 👇 are the likely risks associated with investing in crypto and should be tackle by the crypto's investors or holders.

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One of the most common risk associated with investing in crypto currencies is phishing of websites. Just like some payment portals go through the phishing attacks, this is also applicable to the cryptocurrencies as cryptocurrency investors or holders are hoodwinked in to clicking on phishing link bait offering an enormous rewards that will tempted you. Immediately you click on the phishing link, it means you have already exposed your keys and the scammers will immediately take over your wallet and robbed you of a huge amount of funds or coin in your wallet. I have once been a victim of scammers when I joined the hive blockchain in which my account was taken over by a scammer when I follow a phishing link. That's happened three months after I joined the hive blockchain and I have to learn in a hard way. Though all my hive token and HBD was drained off from my wallet but thankfully, I was able to regain access to my hive account in time.

Another risk that should be tackle by cryptocurrencies investors or holders is the tricking of payment detail. Due to the presence of malicious software in user's network, the conning of payment detail usually happens, especially when one user make use of their own e-wallet for making payment and put back the wallet address of the receiver's with it's own and thus change the direction of the funds to a wrong wallet. To prevent from falling victim and avoid the risk associated with investing in cryptocurrencies,it is very important to check and check over again the address of the receiver's prior to starting the transfer of the funds.

To avoid risks associated with investing in cryptocurrencies, it is very important to
restrict safe and confidential payment website before trusting it blindly. And that's why it is very important to do your own research before investing in crypto and only invest the money that you can afford to lose.

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