The cryptocurrency industry is evolving at a fast pace. Along with it, the means through which people can exchange crypto has continued to mature. This maturity is a function of increasing interest in the digital currencies as well as the continued development of the technology which underlies crypto.
As of this writing, the world’s daily crypto trading volume stands at about $32 billion. This is a large number comparable to the NASDAQ stock exchange’s daily volume of about $40 billion per day. The difference is that to trade on the NASDAQ, you either have to get a special license or hire a broker….
As of February 2019, over 36 crypto exchanges have closed. Many more have been broken into by criminals, with users losing 7, 8, or 9-figure sums each time. Given these statistics, it’s fair to say that the risk of a crypto exchange closing or losing your money is very real. The silver lining is that…