Cryptocurrencies have become one of the most prominent financial innovations in the digital age, providing an alternative to the traditional banking system thanks to their reliance on blockchain technology, which ensures transparency, speed of transactions, and reduced transfer costs. They also grant individuals greater freedom to manage their money away from banking constraints, in addition to being an investment tool that has attracted millions of users worldwide.
However, despite these advantages, cryptocurrencies carry significant risks. The large fluctuations in their prices can lead to substantial financial losses, and the lack of official regulation makes them a fertile ground for fraud and money laundering. Additionally, investors may face security challenges related to cyber hacks and the loss of digital wallets. Therefore, awareness and knowledge remain the foundation for safe dealings with these digital assets.