The hidden dangers of buying virtual currency

The hidden dangers of buying virtual currency

- in Business

That cryptocurrency you just bought is as vulnerable to hackers as your smartphone or any other digital device, security experts are warning.

Virtual — and increasingly popular — currencies like bitcoin, Ethereum, and Litecoin are unregulated and volatile, making them not just a high-risk investment, but criminals can break into crypto exchanges, drain crypto wallets and infect individual computers with malware that steals cryptocurrency.

Image: Bitcoins are seen in this illustration picture

Most buyers believe virtual currencies are a secure way of making payments — without really understanding how they work.