Crypto Insights AU
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Crypto Insights AU

10 Common Misconceptions About Cryptocurrencies

Image by Chayut01, via Shutterstock.

Over the years, you have most likely heard of one of the following misleading or vague claims relating to the cryptocurrency space or distributed-ledger technology (DLT). Some of these hold water; others are mostly nonsensical. Let’s begin.

1) “Cryptocurrencies are a scam”/ “They are used by criminals”

Whilst the $14 billion lost from scams in the sector hit a new record in 2021, in relative terms…

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Crypto With Lorenzo

Crypto With Lorenzo

Cryptocurrency enthusiast, writer and YouTuber from Australia. Nothing I say is financial advice, and I am not a financial advisor.