Protecting your assets when using Bitcoin – News 3 WTKR Norfolk

NORFOLK, Va. – People are always looking for a way to make their money grow and cryptocurrency is getting more popular for investing.

It’s most popularly known as Bitcoin, which is a digital payment system that doesn’t rely on banks to verify transactions.

If you’re not careful, you can fall into trouble because as hard as you’re working to keep money in your wallet, criminals are doing just the same to steal it.

Criminals are getting savvier because crypto operates outside of the traditional banking system, and it’s not regulated, so you don’t have the same protections.

The Better Business Bureau has a Scam Tracker to keep track of any local cases. A person from Virginia Beach recently lost more than $400 by falling for a message they received through Instagram.

Needless to say, the person on the other end was not the investor they claimed to be.

Barry Moore, the President and CEO of the Better Business Bureau serving Central Virginia, said the number of people who have been taken…

Read Full Story: https://www.wtkr.com/news/problem-solvers/protecting-your-assets-when-using-bitcoin

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