Bitcoin (CRYPTO: BTC) may be on the cusp of truly going mainstream, but the crypto market continues to see no shortage of new scams. And it doesn’t matter how big or sophisticated of an investor you might be. Even billionaires and longtime savvy investors can get duped by crypto scammers.
The good news is that you can take several basic steps to safeguard your crypto investments and steer clear of most crypto scams. Let’s take a closer look.
Arguably, the safest way to invest in crypto is by investing only in exchange-traded funds (ETFs) for specific cryptocurrencies. You can buy and trade these ETFs the same way you would a tech stock, so there’s no learning curve involved. You don’t have to open any new accounts. Plus, you can sleep easy at night, knowing that every ETF has a seal of approval from the Securities and Exchange Commission (SEC). That helps to explain why the new spot Bitcoin ETFs have been so popular.
Source Fool.com