Cryptocurrencies, are they legal? Let’s see together in this article today what are the risks for those who buy cryptocurrencies, what the law says about it, where to buy cryptocurrencies and why to do it.
Cryptocurrencies: What are they?
Cryptocurrencies are digital and virtual currencies, based on cryptography and totally detached from the international monetary system and its regulations, in fact they have no legal value, however in the internet market they can be used to purchase goods and services where the seller makes this method available of payment.
It is also possible to invest in cryptocurrencies by speculating on their market fluctuations, but in this article we will not talk about investments, but will focus exclusively on this new and modern online payment method which still has large legislative gaps.
Cryptocurrencies: are they safe?
Cryptocurrencies are encrypted virtual currencies, which means that they are protected by an encrypted code that is difficult to decipher to take advantage of them.
Cryptography therefore significantly protects these virtual currencies which therefore makes them quite safe, in any case it is good to point out to all our readers that today there are hackers capable of overcoming the barriers of the digital world. This does not mean that we want to dissuade you from using cryptocurrencies, also because more experienced hackers could even access your bank accounts despite being protected by several firewalls.
The safest way to avoid bank account and cryptocurrency scams is to avoid sharing sensitive data to less authoritative sites.
Cryptocurrencies: are they legal?
Cryptocurrencies to date have no legal value, therefore when you intend to pay in cryptocurrencies both parties must agree with this payment method. Translated, it means that the seller must make this payment method available to the buyer so that the latter is finalized.
Cryptocurrencies are legal in Europe and America, however the fact remains that only some vendors allow you to pay with cryptocurrencies.
What can you buy with cryptocurrencies?
Cryptocurrencies allow you to make any possible purchase, with the only requirement that the seller accept this payment method.
However, it must be clear that very often cryptocurrencies are used by users with malicious intentions, this is because payments are completely anonymous and it is not possible to be traced by the authorities in the event of a crime.
Cryptocurrencies find a fertile place especially in the dark net, also known as the dark web.
For those unfamiliar with it, the dark net is that part of the internet that is not accessible to conventional search engines, to access it you need to use particular browsers.
Within this internet space there is no regulation, the dark web guarantees full anonymity, this is because access via these special browsers causes your address to bounce from one server to another around the world until it is lost traces completely.
Within this space on the web, cryptocurrencies are used to buy any kind of thing, especially illegal ones.
In the dark web there is no regulation of any kind and very often the only payment method is cryptocurrency which becomes safe compared to conventional credit cards which can be theft within a space where there is no protection.
We advise users against trying to enter the dark web as this presents significant risks of theft of sensitive data, files, and money, in fact this space is also used by expert hackers who make a fortune on newcomers and curious ones.
Where to buy cryptocurrencies?
Buying cryptocurrencies is very simple, just go to the official website of the suppliers and pay via PayPal or credit card to get a cryptocurrency top-up that will be immediately available in your account.
We would like to remind you that once you have loaded your favorite cryptocurrency account, you can only access it by means of a username and password, without which you will not be able to make any claims as you could in a bank.
Some of the best known and most used cryptocurrencies in the world are: Bitcoin, Ethereum, Binance Coin, Litecoin, there are hundreds of others.
Why buy cryptocurrencies?
Cryptocurrencies guarantee anonymity, thanks to the lack of regulation and tracking, they are also quite safe, and it is possible to make purchases all over the world.
Thanks for reading this article about cryptocurrencies, now you know they are gifts. If you found this article interesting, share it via the social buttons you find below, see you soon and good continuation on our site.
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