Cryptocurrency can be quite confusing, so ensure that you truly understand everything before you move forward. Here are the pros and cons of using cryptocurrency.
Pros
1. Cryptocurrency is a decentralized network hence no middlemen are involved.
2. Can be sent to anyone in the world.
3. Transactions can always be validated.
Cons
1. You can easily lose your money if your account gets hacked.
2. Transactions can be slow.
3. Sometimes transactions can be expensive.
Conclusion
To avoid scams, it’s best to find someone you really trust who already understands bitcoin fully. They can be your mentor or guide to help you avoid a problem. Because if a mistake is made, there is no one who can help you out or give you a refund. You’re just out of the money.