Are Crypto coins safe?
Cryptocurrency exchanges and third parties offer storage for your coins through hot wallets, which are secure, but still online (and therefore still susceptible to hacking). Crypto held on an exchange or in a wallet is not FDIC-insured like money in the bank.
How much is a crypto coin worth?
Is cryptocurrency fake money?
The cryptocurrency does display some attributes of a fiat currency system, however. For example, it is scarce and can be divided into constituent units called Satoshis. It cannot be counterfeited.
How do I turn cryptocurrency into cash?
Through cryptocurrency exchanges You deposit your cryptocurrency into an exchange such as WazirX, CoinDCX, CoinSwitch Kuber, Unocoin , and request a withdrawal in the currency of your choice. The withdrawal will be paid into your bank account.