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Where can Crypto-Currencies be used and how to stay safe?

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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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Marlene F Liontis