Analyst on Cryptocurrencies In Terms of Cashing Out It Is a Big Con
The volatility in the digital currency market makes it a tricky investment. And even if you garner a profit, you may struggle to get your hands on your money.
“For any investor, the main question is always how to cash out. Cryptocurrencies are decentralized and unregulated, which can be seen as a great achievement. But in terms of cashing out, it is a big con,” Teletrade financial consultant Mikhail Grachev told RT.
“If anyone steals money from your bank — card or cell or safe — the bank is responsible. If the bank goes bankrupt, the state that issued the license to the bank is responsible. If someone hacks your crypto-wallet? Sorry, it is not regulated,” the analyst added.