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In this 2nd part of our blog series on the risks in using digital currency, we’ll look at 3 more risks that you have to be aware of to be able to protect yourself when you do get into buying and using Bitcoin or any other type of digital currency. Exchanging your digital currency may prove to be challenging. Digital currencies can be difficult to buy and use. It is not easy to exchange them for cash or purchase goods and services. Right now, there are very few merchants that accept digital currencies and they are not required to exchange your...
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We continue our blogs on digital currencies this week. On this blog, we’ll look at the risks in using digital currencies. As with any other financial transactions – or really with any other transaction done online – there are certain risks. So before you start getting into Bitcoin, know what the risks are. There are very few protections in place when using digital currencies. As digital currencies are not issued or governed by a single organization such as a central bank or government, you will have fewer protections when using them. It is not like using a credit card or debit...
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