Are there any risks or drawbacks when using cash in lieu for buying cryptocurrencies?

1 answers

• May 10, 2022 · 3 years ago
  At BYDFi, we understand that using cash to buy cryptocurrencies can be a convenient option for some users. However, it's important to be aware of the potential risks and drawbacks. Cash transactions are often less secure and offer less buyer protection compared to other payment methods. Additionally, using cash may limit your options in terms of where and how you can buy cryptocurrencies. We recommend considering alternative payment methods, such as bank transfers or credit card payments, which offer more security and buyer protection.
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