Even our parents these days know what cryptocurrencies are. Especially the so very famous Bitcoin. With this new way of using technology to create digital currencies comes the fear most are beginning to voice. Is this the latest scam? Am I really making money legally by investing in, or trading cryptocurrencies?
To answer the above questions, no cryptocurrency is not the latest scam in the century and it is very much legal to trade. There is nothing dishonest about owning listed cryptocurrencies or trading. Of course, just like scams can occur with the respective physical currencies in the world, the same applies to cryptocurrencies, however, that is not dependent on the cryptocurrency, but the handler as well as the scenarios around the purchasing and trading of the cryptocurrency in question.
Before deciding which cryptocurrency to invest in, be sure to perform very thorough background research on them so as to avoid losing your money due to misinformation or bad investment.