Currently, Crypto’s can be used in several different ways:
- Holding onto the currency whilst it increases its’ value
- Use it to buy other currencies
- Purchase products/services ( an increasing number of merchants are accepting popular currencies as payment)
- Money transfers
- Crypto-currency tipping
Crypto-currencies are largely unregulated. Here are some tips to stay safe out there:
- Always double check the wallet address before you send crypto-coins to anyone
- Only send products or services after the transaction on the blockchain is verified
- Keep the computer on which your wallet is installed safe from viruses and malware
- Don’t lose your wallet password- it is very hard to get back and you will lose all your currencies
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