Fach FouchNov 26, 2021 · 3 years ago4 answersAre there any risks associated with cryptocurrency and how can I explain them to a child?
Cryptocurrency is a type of digital or virtual currency that uses cryptography for security. It operates independently of a central bank and is decentralized, meaning it is not controlled by any government or financial institution. While cryptocurrency offers many benefits, such as fast and low-cost transactions, there are also risks associated with it. These risks include price volatility, potential for fraud and scams, lack of regulation, and the possibility of losing access to your funds. How can I explain these risks to a child in a simple and understandable way?
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