Cryptocurrency Safekeeping: What to Know about Wallets

Victoria Walker
It is important to approach selecting a wallet service or provider with the same care one would use in selecting a traditional bank.

It is important to approach selecting a wallet service or provider with the same care one would use in selecting a traditional bank.

FatCamera via iStock

Cryptocurrency is not simply a hot topic in the legal world. It is also a fast-changing investment market that can lead to enormous profits in a short time, which may appeal to many young lawyers looking to build an investment portfolio. Although stock investments are highly regulated by the US Securities Exchange Commission and have many consumer protections in place, investors frequently worry about the unpredictable, volatile value of digital currencies and the lack of regulations and consumer protections surrounding the cryptocurrency market. For some bold investors, these concerns are not enough to outweigh the interest in investing in cryptocurrencies like Bitcoin. 

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