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Interested in Bitcoin? Avoid these dangers by openbull

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· @openbull · (edited)
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Interested in Bitcoin? Avoid these dangers
![Bitcoin_Cash_Support.jpg](https://steemitimages.com/DQmRFagXuAHyay1HCXtAFu34D9zyMULRcqZaE3JGrF6onWk/Bitcoin_Cash_Support.jpg)

1 Crypto currencies are not regulated
Bitcoin and other cryptoncurrency species are not controlled by governments in many countries. Recently, the Reserve Bank of India has released a statement which states that it is uncomfortable with "non-fiat" crypto currencies like Bitcoi. The Reserve Bank this year, "Any user, holder, virtual currencies like Bitcoins had warned on their website in February, The one who is going to handle the virtual currency is at risk. "The Reserve Bank is constantly holding flags in virtual currencies like bitcoin  which states that they take risks related to potential financial, legal, consumer protection and security.


2 Bitcoin transactions are not suitable
If you create an account with a crypton exchange service provider, your money is kept in a digital wallet with a public and private key. The public key is your mobile number and the private key is your username and password. You must keep the keys both confidential. You should note that bitcoin  password is useless. If you can not remember your password Your money will be worthless inside the wallet. Similarly, you can not even return the balance transfer of blockchain Therefore, if your wiki has been stolen by hackers, then there is no way to recover it.

3 Avoid fake currency popups
Since the crypton currency is not controlled, it is difficult to distinguish between fake and real. Therefore, before trading in any crypton currency, you should show underlying projects, market cap and past performance. Investigate and analyze currency before investing


4 Fraud agents
There are hundreds of crypton currency exchange options available. Many counterfeit agents are selling Crypton currency with the promise of high returns, therefore, if you want to keep your money safe, it would be better to deal with the registered exchange at bitcoin.org.

![up.jpg](https://steemitimages.com/DQmSogbjNAxKWxF8m4kCTTNebeB1niDpQfnqLfZ7WQshSNx/up.jpg)
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@morwhale ·
This post received a 52.31% upvote from @morwhale team thanks to @openbull! For more information, [click here](https://steemit.com/@morwhale)!  . this is @originalworks .steem  @steemprice BTC
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@steemprice ·
BTC PRICE
<code>$3999.29 USD/BTC</code><br><code>Volume: 62276.19 BTC ($249060570.66 USD)</code><br><code>Last Updated Wed Sep 20 17:40:22 2017</code>
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