Crypto can be appealing to a lot of people, but what are some of the things to consider before investing? It’s a high risk, speculative investment and prices can go up and down very quickly. You should be prepared to lose all your money invested.
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The news is full of stories about investing in cryptocurrencies such as Bitcoin and selling a story about how to become a millionaire overnight. But the Financial Markets Authority (FMA) regulator has seen an increasing number of complaints from investors who’ve lost money using cryptocurrency exchanges.