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Bitcoin has become a good way for people to make money
Bitcoin is defined as a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer Bitcoin network without the need for intermediaries.
Bitcoin has become a good way for people to make money.
Yes, you read that right.
Indeed, the best way (even though not a legal way) to make money with bitcoins may well be to sell financial products based on them or on other cryptocurrencies.
Many national financial authorities (including the French and Italian ones) gave a call for caution to the investors interested in the bitcoin markets.
Several players offer without authorization, investment services relating to derivatives the underlying is crypto-active.
Among the players who are clearly out of the laws, are below:
- www.bforfinance.com
- www.xcoinbroker.com
- www.coin-financial.com
- www.gwt-capital.com
- www.jbcapitals.com
You should avoid these players at all cost.
However, this does not mean in any way that if a player is not part of this list it is ok to trade with them. In other words, the above list is not only non-exhaustive but you also need to understand that it only comprises small parts of the existent frauds.
There are also other types of Bitcoin scams.
These include Hardware Wallet Theft, Exchange Scams, Fake ICOs, Cloud Mining Schemes, Multi-Level Marketing.
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