Because of the technology that most cryptocurrencies use to operate, they’re generally safe to trade. While this does depend on the users themselves, cryptocurrencies are no less inherently safe than regular currency. What’s important is that both users are committed to the trade when exchanging cryptocurrency.

In fact, some cryptocurrencies have a function built-in that ensures that both users fulfill the contract or agreement they have between them. This makes these particular cryptocurrencies very safe from a legal standpoint.

Another advantage of cryptocurrencies for many is that they’re anonymous. You don’t need to share your identity when trading crypto if you don’t want to. For many, this makes them a safer option. Also, we would argue that crypto is safer than physical currency for a number of reasons. It’s much harder to steal a Bitcoin than it is to walk up to someone on the street and take $100 from their wallet, for example. The type of security that crypto offers is just one reason that more and more people are investing in and purchasing them in large quantities.

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Bitcoin (BTC) Lightning BTC (LBTC) Bitcoin Cash (BCH) Ether (ETH) Dash (DASH) Litecoin (LTC) Zcash (ZEC) Monero (XMR) Dogecoin (DOGE) Tether (USDT) Ripple (XRP) Address or location: Use my current location. After rising from under $1,000 to almost $20,000 in the past year, Bitcoin crashed spectacularly this morning, dropping to as low as $11,000 per Bitcoin before rebounding to a little over $13,000.