Cryptocurrencies are decentralized digital assets, as they are not controlled or backed by any central bank, and their exchanges do not require intermediaries. The control of cryptocurrency transactions depends on a decentralized database, usually a blockchain.
Investing in cryptocurrencies carries considerable risk due to their high volatility and lack of regulation. Although some transactions are secure thanks to blockchain technology, there is no legal protection for investments and the market is subject to scams. It is crucial to invest only what you can afford to lose and conduct thorough research before investing in any project.