Cryptocurrencies are often, meets a lot of ups and downs in its price, also meets a lot of controversial talks behind the scenes. But I am not sure whether you noticed or not, irrespective of bad talks cryptocurrencies keeps grown faster and faster.
Which is because cryptocurrecy are having a rock-solid reason for its usage, even though media misinterprets about the network it keeps growing to touch the sky.
The three myths you need to ignore when you are involving with cryptocurrency trading or exchange,
1. Cryptocurrencies are open to theft.
The above statement affects both the new traders and also experienced traders too. The reality is cryptocurrencies are not open to theft, but if you refuse to tighten with high security sure you can’t avoid the theft.
2. Using cryptocurrencies is illegal.
The truth is cryptocurrencies are not illegal at all around the world. There are some countries which accept cryptocurrency as legal and some declare it is as illegal for financial crimes.
3. You can’t track your cryptocurrency transaction
The above one is an absolute fake statement. Every cryptocurrency has a public ledger except the Monero coin. So sure you can track all your cryptocurrency transaction at any time.
If someone teases you with fake statement prove them that cryptocurrencies are not FUD. If you want to broke the myths, keep trading with high security.
Whether you are a trader or businessman your first goal will be the security. If you are a trader, engage with highly secured cryptocurrency exchange, or if you are a business man then start a cryptocurrency business enabled with high security.
Have a nice day!