Wednesday, October 12, 2022

What Are Some Risks Cryptocurrency Investors Should Know?

In this video, John Bowens and John Kmetz discuss the risks associated with investing in cryptocurrency. Discover your self-directed cryptocurrency investing options: https://www.trustetc.com/investments/cryptocurrency/?utm_source=social&utm_medium=youtube&utm_campaign=research_education&utm_term=crypto_5-6 Cryptocurrency is secure. However, their accessibility to the public varies from platform to platform. Depending on whether it is held in a cold storage wallet or a hot wallet depends on the ownership of the wallet address. The amount of risk depends on the platform the investor is using. Some companies are irresponsible with risk management and may use investors' assets for things like leverage in trading exchanges. Equity Trust keeps cryptocurrency in a cold storage wallet with as little counterparty risk as possible. Equity Trust Company is a directed custodian and does not provide tax, legal or investment advice. Any information communicated by Equity Trust Company is for educational purposes only, and should not be construed as tax, legal or investment advice. Whenever making an investment decision, please consult with your tax attorney or financial professional.