What are the most common myths, misconceptions and rumours surrounding Cryptocurrencies?

• Anonymity and confidentiality of transactions are the main reasons behind this myth. While, the digital currency was initially used for fraudulent and illegal business activities, such as transactions on the dark web, one must take into consideration that it is the transaction that could be illegal and not the cryptocurrency. 

• Another common myth prevalent among people is that cryptocurrency is nothing but Bitcoin. While Bitcoin is the most popular and the largest cryptocurrency in the market, there are as many as 6,000 other cryptocurrencies in the digital asset market. 

• Tech-savvy, and cautious investors do a lot of research and follow a cautious approach while investing in digital assets and safeguarding their crypto wallets. One must remember that scams and money swindles can happen in traditional financial systems too. 

#cryptocurrencies #Anonymity #confidentiality #digitalcurrency #digitalassets #Bitcoin #kalkinemedia


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