Any investment venture has its fair share of challenges that hinder its progress, and mass adoption so is crypto trade. However, better ROI is only known to come through continuous efforts and struggle. The first one is education/learning all the possible cyber theft and hackers attack your investment is exposed to and possibly avoid/report. Let us now see how secure transactions are carried out through crypto trade.
- Security.
Blockchain technology is more advanced compare to traditional computer systems. However, due to the decentralized module, the platform experience vulnerabilities that hinder its global adoption. Data leaks, financial breaches are some of the challenges experienced, resulting in huge losses. An investor should be on the lookout for scammers and hackers before proceeding with any transaction.
Besides, using a genuine crypto exchange reduces several security risks, such as trading and volatility, in addition to allowing investors to diversify his/her investments.
Other challenges the industry experience include; PR issues (many still perceive the trade as fraud/scam), transparency issues, trading fees, liquidity concerns, regulation challenges, and transaction delays.