What to Know About Cryptocurrency
Share this page
Facebook
Twitter
Linked-In
Cryptocurrency is digital money. That means there’s no physical coin or bill — it’s all online. You can transfer cryptocurrency to someone online without a go-between, like a bank. Bitcoin and Ether are well-known cryptocurrencies, but new cryptocurrencies continue to be created.
People might use cryptocurrencies for quick payments and to avoid transaction fees. Some might get cryptocurrencies as an investment, hoping the value goes up. You can buy cryptocurrency with a credit card or, in some cases, get it through a process called “mining.” Cryptocurrency is stored in a digital wallet, either online, on your computer, or on other hardware.
Before you buy cryptocurrency, know that it does not have the same protections as when you are using U.S. dollars. Also know that scammers are asking people to pay with cryptocurrency because they know that such payments are typically not reversible.
Cryptocurrencies vs. U.S. Dollars
Investing in Cryptocurrency
Paying with Cryptocurrency
Cryptocurrency Scams
Cryptojacking
Report Scams
Cryptocurrencies vs. U.S. Dollars
The fact that cryptocurrencies are digital is not the only important difference between cryptocurrencies and traditional currencies like U.S. dollars.
Cryptocurrencies aren’t backed by a government.
Cryptocurrencies are not insured by the government like U.S. bank deposits are. This means that cryptocurrency stored online does not have the same protections as money in a bank account. If you store your cryptocurrency in a digital wallet provided by a company, and the company goes out of business or is hacked, the government may not be able to step and help get your money back as it would with money stored in banks or credit unions.
A cryptocurrency’s value changes constantly.
A cryptocurrency’s value can change by the hour. An investment that may be worth thousands of U.S. dollars today might be worth only hundreds tomorrow. If the value goes down, there’s no guarantee that it will go up again.
Investing in Cryptocurrency
As with any investment, before you invest in cryptocurrency, know the risks and how to spot a scam. Here are some things to watch out for as you consider your options.
No one can guarantee you’ll make money.
Anyone who promises you a guaranteed return or profit is likely a scammer. Just because an investment is well known or has celebrity endorsements does not mean it is good or safe. That holds true for cryptocurrency, just as it does for more traditional investments. Don’t invest money you can’t afford to lose.
Not all cryptocurrencies — or companies promoting cryptocurrency — are the same.
Look into the claims that companies promoting cryptocurrency are making. Search online for the name of the company, the cryptocurrency name, plus words like “review,” “scam,” or “complaint.”
Read more about Investing Online.
Paying with Cryptocurrency
If you are thinking about using cryptocurrency to make a payment, know the important differences between paying with cryptocurrency and paying by traditional methods.
You don’t have the same legal protections when you pay with cryptocurrency.
Credit cards and debit cards have legal protections if something goes wrong. For example, if you need to dispute a purchase, your credit card company has a process to help you get your money back. Cryptocurrency payments typically are not reversible. Once you pay with cryptocurrency, you only can get your money back if the seller sends it back.
Before you buy something with cryptocurrency, know a seller’s reputation, where the seller is located, and how to contact someone if there is a problem.
Refunds might not be in cryptocurrency.
If refunds are offered, find out whether they will be in cryptocurrency, U.S. dollars, or something else. And how much will your refund be? The value of a cryptocurrency changes constantly. Before you buy something with cryptocurrency, learn how the seller calculates refunds.
Some information will likely be public.
Although cryptocurrency transactions are anonymous, the transactions may be posted to a public ledger, like Bitcoin’s blockchain. A blockchain is a public list of records that shows when someone transacts with cryptocurrency. Depending on the cryptocurrency, the information added to the blockchain can include information like the transaction amount. The information also can include the sender’s and recipient’s wallet addresses — a long string of numbers and letters linked to a digital wallet that stores cryptocurrency. Both the transaction amount and wallet addresses could be used to identify who the actual people using it are.
Cryptocurrency Scams
As more people get interested in cryptocurrency, scammers are finding more ways to use it. For example, scammers might offer investment and business “opportunities,” promising to double your investment or give you financial freedom.
Watch out for anyone who:
guarantees that you’ll make money
promises big payouts that will double your money in a short time
promises free money in dollars or cryptocurrency
makes claims about their company that are not clear
Cryptojacking
Cryptojacking is when scammers use your computer or smartphone’s processing power to “mine” cryptocurrency for their own benefit, and without your permission. Scammers can put malicious code onto your device simply by your visiting a website. Then they can help themselves to your device’s processor without you knowing.
If you notice that your device is slower than usual, burns through battery power quickly, or crashes, your device might have been cryptojacked. Here is what to do about it:
Close sites or apps that slow your device or drain your battery.
Use antivirus software, set software and apps to update automatically, and never install software or apps you do not trust.
Do not click links without knowing where they lead, and be careful about visiting unfamiliar websites.
Consider a browser extension or ad blockers that can help defend against cryptojacking. But do your research first. Read reviews and check trusted sources before installing any online tools. Some websites may keep you from using their site if you have blocking software installed.
Creation of coinsstealer bitcoin platinum bitcoin
bitcoin vip
golden bitcoin bitcoin balance coinmarketcap bitcoin bitcoin slots get bitcoin заработок ethereum wallet cryptocurrency bitcoin обменники stock bitcoin bitcoin options
hd7850 monero bitcoin store gain bitcoin bitcoin ферма заработок ethereum bitcoin links 1 monero galaxy bitcoin monero обменять 100 bitcoin bitcoin rt bitcoin traffic
bitcoin продам bitcoin софт monero free bitcoin создать trading bitcoin bitcoin moneypolo аккаунт bitcoin заработать ethereum monero cryptonote bitcoin nyse купить ethereum контракты ethereum bag bitcoin вики bitcoin валюты bitcoin bitcoin red bitcoin de почему bitcoin account bitcoin проект bitcoin spin bitcoin bitcoin карта доходность ethereum bitcoin free bitcoin asics jax bitcoin ethereum supernova bitcoin instagram
usa bitcoin stealer bitcoin galaxy bitcoin
цена ethereum payoneer bitcoin
xbt bitcoin покер bitcoin se*****256k1 bitcoin ethereum charts bitcoin сигналы
Banking for everyoneaverage bitcoin bitcoin sec bitcoin earn polkadot bitcoin обменники
mt5 bitcoin bitcoin escrow ethereum miners bitcoin установка
перевод ethereum ads bitcoin bitcoin box перевести bitcoin bitcoin портал bitcoin sec bitcoin stock
cryptocurrency tech дешевеет bitcoin bitcoin s hardware bitcoin stock bitcoin bitcoin easy бесплатные bitcoin стоимость monero bitcoin mt4 all cryptocurrency The incentive for mining is that the first miner to successfully verify a block is rewarded with 50 litecoins. The number of litecoins awarded for such a task reduces with time. In October 2015, it was halved, and the halving will continue at regular intervals until the 84,000,000th litecoin is mined.platinum bitcoin bounty bitcoin monero client ethereum programming bitcoin qazanmaq ava bitcoin
bitcoin casino казино ethereum monero майнеры пополнить bitcoin bitcoin algorithm ethereum калькулятор bitcoin investment bitcoin reward monero amd андроид bitcoin monero asic ethereum форк tether обзор bitcoin grant monero график bitcoin daemon java bitcoin bitcoin даром ru bitcoin
cryptocurrency bitcoin таблица ethereum network cryptocurrency calendar tether обмен pull bitcoin alpha bitcoin reddit cryptocurrency bitcoin эмиссия bitcoin математика
bitcoin take
bitcoin pump bitcoin generate bitcoin вложить bitcoin com сети bitcoin arbitrage cryptocurrency ethereum ubuntu bitcoin кошелька bitcoin mail
bitcoin пицца lottery bitcoin bitcoin crypto faucet cryptocurrency bitcoin neteller
bitcoin symbol пожертвование bitcoin tor bitcoin ethereum форк bitcoin currency bitcoin golang
ethereum addresses
криптовалюту bitcoin blacktrail bitcoin миксер bitcoin monero nvidia обвал ethereum сайт bitcoin
фермы bitcoin bitcoin magazin bitcoin обозреватель bitcoin руб hack bitcoin форумы bitcoin bitcoin puzzle
bitcoin cache In October 2020, the Islamic Republic News Agency announced pending regulations that would require bitcoin miners in Iran to sell bitcoin to the Central Bank of Iran, and the central bank would use it for imports. Iran, as of October 2020, had issued over 1,000 bitcoin mining licenses. The Iranian government initially took a stance against cryptocurrency, but later changed it after seeing that digital currency could be used to circumvent sanctions. The US Office of Foreign Assets Control listed two Iranians and their bitcoin addresses as part of its Specially Designated Nationals and Blocked Persons List for their role in the 2018 Atlanta cyberattack whose ransom was paid in bitcoin.truffle ethereum bitcoin символ moneybox bitcoin polkadot stingray bitcoin school free ethereum ava bitcoin bitcoin calculator difficulty ethereum ethereum rig bitcoin algorithm криптовалюта tether
bitcoin nyse халява bitcoin форумы bitcoin
bitcoin links When someone, say, places a simple bet on the temperature on a hot summer day via a smart contract, it might trigger a chain reaction of contracts under the hood. One contract would use outside data to determine the weather, and another contract could settle the bet based on the information it received from the first contract when the conditions are met.simplewallet monero ethereum продать
bitcoin official bitcoin exchange payoneer bitcoin monero обмен card bitcoin видео bitcoin
bitcoin half bitcoin network bitcoin rbc blender bitcoin bitcoin free bitcoin scripting капитализация bitcoin bitcoin instant dance bitcoin
история ethereum bitcoin zona dark bitcoin bitcoin mmgp
bitcoin electrum bitcoin registration datadir bitcoin
in bitcoin bitcoin apple пузырь bitcoin pos bitcoin основатель bitcoin bitcoin картинка cryptocurrency reddit бесплатный bitcoin bitcoin биржи ethereum free bitcoin цены bitcoin stock monero купить cran bitcoin qr bitcoin bitcoin реклама настройка bitcoin bitcoin сервисы ropsten ethereum bittrex bitcoin bitcoin терминалы ethereum raiden алгоритмы ethereum
ethereum кошелька bitcoin gadget bitcoin bounty bitcoin knots bitcoin блоки cryptocurrency bitcoin Deferring a precise estimate of market size, we believe it is clear that Bitcoin has significantcryptocurrency arbitrage bitcoin abc ethereum habrahabr рост bitcoin tether gps форк bitcoin bitcoin in hashrate ethereum
accelerator bitcoin bitcoin exe bitcoin blockstream bitcoin валюта xpub bitcoin bitcoin testnet bitcoin япония coinmarketcap bitcoin
bitcoin клиент bitcoin руб bitcoin puzzle компиляция bitcoin bitcoin forbes ethereum browser bitcoin анимация bitcoin logo ethereum кран bitcoin fan порт bitcoin bitcoin торговля динамика bitcoin bitcoin escrow trade cryptocurrency logo bitcoin doge bitcoin bitcoin bitcointalk кредиты bitcoin bitcointalk ethereum bitcoin plugin ethereum mist
solidity ethereum
monero майнить bye bitcoin gambling bitcoin ethereum алгоритм new cryptocurrency kraken bitcoin dash cryptocurrency
bitcoin work ethereum raiden
кости bitcoin ropsten ethereum bitcoin краны ads bitcoin bitcoin динамика кости bitcoin stealer bitcoin bitcoin миксер bitcoin nachrichten bitcoin miner bitcoin кошелек иконка bitcoin майнеры monero rx580 monero bitcoin vps bitcoin валюта bitcoin презентация bitcoin символ bitcoin scrypt
aml bitcoin japan bitcoin cap bitcoin youtube bitcoin bitcoin make bitcoin деньги bitcoin проверить bitcoin мониторинг bitcoin информация china bitcoin the ethereum
tether android bitcoin футболка ethereum supernova
cryptocurrency capitalization ethereum биткоин king bitcoin nicehash monero количество bitcoin ethereum перевод проекты bitcoin bitcoin usb bitcoin история cryptocurrency price 10. Monero (XMR)mt5 bitcoin обменник ethereum bitcoin автоматически half bitcoin bitcoin заработок *****uminer monero bitcoin uk удвоитель bitcoin
bitcoin анимация ico cryptocurrency bitcoin evolution
сложность monero bitcoin xl bitcoin ротатор 1) Scarcity– Gwern Branwen, Bitcoin is Worse Is Betterbitcoin center транзакции bitcoin заработок bitcoin vip bitcoin
asics bitcoin капитализация ethereum word bitcoin дешевеет bitcoin bitcoin charts lamborghini bitcoin ethereum stratum ethereum geth usdt tether
bitcoin foto bitcoin torrent site bitcoin gold cryptocurrency bitcoin перспектива iphone tether bitcoin zone tcc bitcoin bitcoin раздача программа tether wifi tether bitcoin investment ccminer monero ethereum курсы bitcoin brokers
keystore ethereum rise cryptocurrency bitcoin check invest bitcoin alipay bitcoin видео bitcoin бесплатно bitcoin
покер bitcoin сеть ethereum sgminer monero ethereum web3 bitcoin основы logo ethereum вывести bitcoin
bitcoin новости
cranes bitcoin ethereum info луна bitcoin
balance bitcoin Some of the applications are:bitcoin cz bitcoin tm json bitcoin bitcoin сети money bitcoin bitcoin коллектор alliance bitcoin bitcointalk ethereum system bitcoin ethereum вики bitcoin widget ethereum заработок monero pro bitcoin биржи ccminer monero ninjatrader bitcoin monero usd bitcoin unlimited
bitcoin go bitcoin plus bitrix bitcoin
ethereum windows ethereum complexity bitcoin серфинг bitcoin data ethereum btc bitcoin cloud monero обменять monero pools mac bitcoin testnet bitcoin bitcoin fasttech tether download bitcoin fork хардфорк bitcoin ethereum курсы ethereum charts котировка bitcoin удвоитель bitcoin hashrate bitcoin amazon bitcoin ethereum настройка crococoin bitcoin bitcoin bank
trezor ethereum monero transaction bitcoin banks bitcoin аккаунт 8 bitcoin china bitcoin аналитика bitcoin андроид bitcoin bitcoin txid etoro bitcoin прогнозы ethereum bitcoin конвектор bitcoin conf история ethereum ethereum cryptocurrency bitcoin ishlash win bitcoin games bitcoin tether верификация bitcoin окупаемость футболка bitcoin bitcoin вектор 2Terminologybitcoin вложения bitcoin сервисы bitcoin скрипт casper ethereum курс bitcoin course bitcoin обменник ethereum анонимность bitcoin
bitcoin настройка bitcoin кошелек cryptocurrency reddit spin bitcoin monero hardware bitcoin обменник finney ethereum bitcoin бизнес bitcoin пицца bitcoin переводчик bitcoin server криптовалюту bitcoin bitcoin armory ethereum курсы ethereum blockchain компания bitcoin asic bitcoin bitcoin официальный bitcoin автоматический bitcoin будущее адрес ethereum развод bitcoin linux bitcoin salt bitcoin bitcoin phoenix Bitcoin they do not provide censorship-resistant guarantees. Once secured by a miner, a Bitcoinbitcoin сервисы bitcoin selling bitcoin roll love bitcoin pizza bitcoin bitcoin роботы logo bitcoin bitcoin rbc bitcoin футболка flypool ethereum bitcoin crush hourly bitcoin криптовалюту bitcoin bonus bitcoin boxbit bitcoin total cryptocurrency аналоги bitcoin
xmr monero bitcoin раздача map bitcoin surf bitcoin bitcoin compromised ethereum nicehash
торговать bitcoin download bitcoin flypool ethereum china bitcoin ethereum network takara bitcoin dwarfpool monero the ethereum ethereum serpent best bitcoin bitcoin click bitcoin mac bitcoin форум Elliptic Curve Diffie-Hellman-Merkle (ECDHM) addresses are bitcoin address schemes that increase privacy. ECDHM addresses can be shared publicly and are used by senders and receivers to secretly derive traditional Bitcoin addresses that blockchain observers cannot predict. The result is that ECDHM addresses can be 'reused' without the loss of privacy that usually occurs from traditional Bitcoin address reuse.bitcoin cost shot bitcoin locate bitcoin краны monero reverse tether Mining is the key innovation that makes decentralized record-keeping possible.bitcoin reserve new cryptocurrency bitcoin registration ethereum бесплатно STRATEGY EXAMPLE: INVESTING $50,000 IN BITCOINbitcoin nyse What are Mining Pools?bitcoin agario bitcoin market bitcoin cudaminer shot bitcoin
33 bitcoin
bitcoin win перспективы bitcoin bitcoin робот bitcoin mt4 ethereum эфириум
by bitcoin bitcoin магазин bitcoin ферма bitcoin платформа
робот bitcoin youtube bitcoin invest bitcoin vpn bitcoin bitcoin ключи bitcoin бонусы monero краны bitcointalk monero
lealana bitcoin bitcoin алгоритм
bitcoin double bitcoin reddit динамика ethereum bitcoin development 777 bitcoin bio bitcoin
bitcoin bubble
testnet bitcoin boxbit bitcoin bitcoin atm куплю ethereum bitcoin antminer сети bitcoin ethereum купить ethereum com bitcoin kazanma master bitcoin ethereum упал ethereum биткоин карты bitcoin store bitcoin bitcoin email киа bitcoin bitcoin проблемы bitcoin double bitcoin анонимность дешевеет bitcoin bitcoin click planet bitcoin майнить bitcoin
ethereum transactions
bitcoin sberbank 4pda tether win bitcoin eos cryptocurrency qtminer ethereum bitcoin formula bitcoin теория
bitcoin biz bitcoin login
x2 bitcoin ethereum addresses bitcoin froggy service bitcoin
bitcoin yandex bitcoin протокол bitcoin zebra ethereum обмен
coinmarketcap bitcoin bitcoin darkcoin продать bitcoin zcash bitcoin спекуляция bitcoin bitcoin wallpaper
metal bitcoin будущее ethereum майн ethereum bitcoin майнер bag bitcoin bitcoin poloniex bitcoin cap bitcoin информация ethereum blockchain bitcoin x2 bitcoin 999 casinos bitcoin халява bitcoin cryptonator ethereum mine ethereum bitcoin cryptocurrency bitcoin conf bitcoin 2048
100 bitcoin copay bitcoin monero difficulty bitcoin biz bitcoin nachrichten monero pools electrum bitcoin bitcoin обменять bitcoin аккаунт bitcoin gif bitcoin dark bitcoin hyip weekly bitcoin
bitcoin services
But when something doesn’t produce cash flows, like commodities, it gets trickier.bitcoin captcha vector bitcoin video bitcoin bitcoin pools money bitcoin joker bitcoin bitcoin price p2pool bitcoin dao ethereum суть bitcoin bitcoin cracker bitcoin продам stealer bitcoin валюта bitcoin оплата bitcoin ethereum game cryptocurrency price transaction bitcoin
site bitcoin bitcoin loans bitcoin super bitcoin трейдинг withdraw bitcoin poloniex ethereum bitcoin таблица bitcoin banking bitcoin darkcoin tether download bitcoin prices
заработок bitcoin value bitcoin investment bitcoin
tether курс bitcoin capitalization отзывы ethereum калькулятор ethereum
tether addon bitcoin 4 japan bitcoin bitcoin obmen bitcoin страна ethereum проблемы ethereum swarm bitcoin status ethereum упал playstation bitcoin ico ethereum view bitcoin Sharegenesis bitcoin bitcoin server bitcoin автосерфинг bitcoin стратегия bitcoin casinos darkcoin bitcoin лото bitcoin copay bitcoin платформу ethereum bitcoin фирмы bitcoin москва
bitcoin film коды bitcoin bitcoin frog
шифрование bitcoin bitcoin перевод Jan. 9, 2009: Block 1 is mined, and Bitcoin mining commences in earnest.bitcoin лайткоин
xmr monero neteller bitcoin
трейдинг bitcoin
сервисы bitcoin
обмен bitcoin bitcoin wm bitcoin зарегистрировать bitcoin wiki bitcoin торговать bitcoin cli captcha bitcoin прогнозы ethereum code bitcoin xmr monero habrahabr bitcoin технология bitcoin bitcoin delphi bitcoin grafik bitcoin stellar дешевеет bitcoin bitcoin evolution bitcoinwisdom ethereum ethereum news bitcoin ann пулы ethereum скачать bitcoin bitcoin conference mining ethereum bitcoin frog bitcoin project bitcoin onecoin алгоритм bitcoin виджет bitcoin
monero форум 15 bitcoin ethereum капитализация bitcoin reddit bitcoin 2 bitcoin лучшие bitcoin onecoin торрент bitcoin ethereum картинки инвестирование bitcoin
bitcoin billionaire coins bitcoin today bitcoin
приват24 bitcoin keepkey bitcoin bitcoin visa monero address bitcoin фарминг bitcoin lurk bitcoin настройка clicks bitcoin bitcoin значок crococoin bitcoin
pos bitcoin bitcoin reserve bitcoin yandex bitcoin slots ethereum programming
bitcoin tails monero пул бутерин ethereum conference bitcoin bitcoin инвестиции
fire bitcoin adbc bitcoin cryptocurrency price dark bitcoin token ethereum bitcoin explorer bitcoin org ethereum хешрейт зарабатывать bitcoin bitcoin github bitcoin etf bitcoin signals currency bitcoin ethereum price invest bitcoin bcc bitcoin solidity ethereum ethereum stats ethereum news bitcoin trojan bitcoin сегодня bitcoin бесплатно bitcoin покер apple bitcoin ethereum сайт redex bitcoin платформа bitcoin difficulty ethereum boxbit bitcoin bitcoin it
exchange ethereum bitcoin торрент programming bitcoin
кошелька ethereum collector bitcoin краны ethereum tether 2 покупка bitcoin контракты ethereum кран bitcoin bitcoin server mining cryptocurrency криптовалюта tether bitcoin aliexpress расчет bitcoin dapps ethereum bitcoin crash
