What to Know About Investing in Crypto Exchanges | YuanPay Group
Interest in the decentralized virtual currency continues to increase, with investors more optimistic than ever. For individuals new to investing, crypto can be intimidating, if not outright frightening. Digital Yuan is effectively a way for the central bank to digitalize the banknotes and coins and is a way to speed the process up. Cryptocurrency is a decentralized digital or virtual currency protected by cryptography, making it nearly impossible to counterfeit. It has a finite quantity, which adds value to crypto and makes counterfeiting and double-spending roughly impossible. Cryptocurrency fraud has roughly doubled during the pandemic, even though authentic cryptocurrencies can provide good returns. According to the FTC's preliminary data for Q3'21, illicit bitcoin payments cost victims a total of $200.8 million. Today, much like a stock market for securities, most bitcoin buying and selling is done through a cryptocurrency exchange. An exchange acts a...