How to invest and protect your cryptocurrency – NBC 6 South Florida

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It’s an asset. It’s also a currency. You can mine it, buy it, or trade it. 

But do you know how to protect it? 

Political shifts have helped to create a bull market for cryptocurrency investors. Critics and skeptics are watching markets closely and new investors are looking to invest. And scammers are looking to take advantage. 

“With anything like this, there’s potential for fraud,” said St. Thomas University Professor Peter DelPiano.

Cryptocurrency experts say criminals are using gray areas in this emerging market to their advantage by benefitting off what you don’t know. 

The FBI ranked Florida second in the country for the number of cryptocurrency complaints their internet crime center received in 2023. The FBI’s Internet Crime Center reported consumers in the state lost a whopping $390 million. Their data also shows complaints for crypto crimes are increasing by the year. 

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