Insure: Managing Risk In Cryptocurrency

“Life doesn’t always present you with the perfect opportunity at the perfect time. Opportunities come when you least expect them, or when you’re not ready for them. Rarely are opportunities presented to you in the perfect way, in a nice little box with a yellow bow on top. … Opportunities, the good ones, they’re messy and confusing and hard to recognize. They’re risky. They challenge you.” Susan Wojcicki, CEO of YouTube.
Life is full of risk, especially the business life, talking of business for this write up will be focusing on mainly the cryptocurrency risks and how to avoid getting jammed by them.

Firstly, Risk can be said to be a situation involving exposure to danger while cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer assets. Getting involved in cryptocurrency can be very risky for a novice, Risk of crypto votality, Scam Tokens, exchanges etc. Knowing this risks could be a life saver or should I say "Asset Saver" some of this risk are;
• Purchase of Token Risk: Some might say, what's Risky in Purchasing Token! But you might want to know this, that purchasing token any Token you are liable to bear the looses that arise from the purchase, a token might fluantuate in price anytime, anyday.
• Loosing Your Private Key: A private key is what grants a cryptocurrency use ownership of the funds in a given address, loosing your private key or giving your private key to a third party you might as well lost all your assets.

• Ethereum Protocol: Since Tokens and some platforms are based on the Ethereum protocol, any malfunction, breakdown, abandonment and vice versa of the Ethereum protocol may have adverse effects on such platform or tokens.

• Mining Risks and Attacks: Cryptocurrency mining or crypto mining is a process in which transactions for various forms of cryptocurrency are verified and added to the blockchain digital ledger. As with other decentralized cryptographic tokens based on the ethereum protocol, the tokens are susceptibile to attacks by miners in course of validating tokens transaction on the Ethereum Bkockchain.

• Hacking and Feeble Securities: Hackers or other malicious groups have taken into the cryptocurrency ecosystem to interfere and cause havoc in the platforms in many ways which includes malware, denial of service attack, virus attacks, theft of private keys, smurfing etc.
• Uninsured Token looses: Unlike your personal bank accounts, your tokens are uninsured unless you personally obtain private insurance to insure them, this loosing of utility value is on you!
• Uncertained Regulations and Enforcement: The regulatory status of many tokens and distributed ledger technology is unsettled in many jurisdictions, regulatory actions could have negative impacts on the platforms or token in various ways.
• Taxation: The tax characterization of tokens is uncertain, one must seek his/her own tax advices in connection with purchase of token which may result in adverse tax consequences to you.

insure platform is tired of seeing people being scammed and having their hard earn money disappear as such it has come to provide different plans that will help cryptocurrency users(investor,novice,traderd etc) involved in its ecosystem. Insure Tokens gives;
Fast Transaction: it is running in Ethereum Main Net, the average transaction time is close to 30secs, when the Ethereum 2.0 will be released its expecting a 2-3secs of transaction speed per second.

Technical Capabilities: Running on the Ethereum Network allows Insure to use the same wallets that are compatible with its users.
Secured and Reliable: Immutable transaction and traceability provided by Insure will be the best security without compromising of users privacy
24/7 service support that will provide user support whenever and wherever it's needed.

Conclusion:
For the insurance of your cryptocurrency and avoidance of all risk involved Sure Toke which is the official token of Insure should be invest in for 99.9% safety of your assets.

Important links:
Website: https://insuretoken.net/
Whitepaper: https://insuretoken.net/whitepaper.html
Twitter: https://twitter.com/InsureToken
Facebook: https://www.facebook.com/inSuretoken
Telegram group: https://t.me/insuresystem
Telegram Channel: https://t.me/insuretoken

Writers Details
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2107609

My telegram username: Chika005