What to consider before investing in crypto currency A **cryptocurrency** or crypto is a digital currency that circulates **without a central authority** like a bank or a financial institution. Cryptos were made to **protect you from economic crise**s or unfair governments that can take away your resources. "**Cryptocurrency** is one of those categories of investing that **doesn't have those traditional investor** protections," said Gerri Walsh, senior vice president of Investor Education at the Financial Industry Regulatory Authority. Sensationalism generates expectations, Knowing that if a crypto investor became rich easily it will interest among people to join in. Nevertheless, many people entered the **cryptocurrency market** with blind knowledge of the matter. How to invest in digital assets? Use a verified exchange crypto platform Investing in crypto has the same effect as **exchanging coins,** You need to **buy cryptocurrency** to start your investment. However, do it from verified platforms. **-Coinbase** -Binance -FTX Even **Venmo, PayPal,** and **Cash App** will let you buy and sell cryptocurrency, but with limited functionality. Here are fours things to consider before investing in crypto currency 1) Have an emergency fund: **Cryptocurrencies are volatile**. Prices go up and down dramatically. Investors should have an **emergency fund** to cover unexpected costs before investing in assets. It is crucial to have money for emergencies before buying any cryptocurrency, Without an emergency fund, you could be forced to **sell all your asset**s with a loss margin. 2) Find crypto that fits your portfolio: There are a ton of options in the cryptocurrency market. However, you need to understand how **cryptos fit your other investments.** **Diversifying** is a good idea, but investing everything in risky (most volatile than usual) assets is not the safest idea. It may be worth putting some of your money into **safer bets.** 3) Evaluate crypto investments **Develop a strategy** for cryptocurrency investment based on fundamentals rather than social media discussions, or celebrity commercials. Commit a **long-term investment**, don't plan to "get rich" quickly. 4) Avoid scams by informing yourself Blockchain data firm Chainalysis identified **$14 billion of stolen crypto** last year. Fake websites are slightly different from the main domains, and they try to mimic them.