Digital currencies are characterized by anonymity, and it is one of the main selling points in the financial world. It is a free-to-use digital asset that accommodates almost everyone in the market. Sadly, some cybercriminals see this as an opportunity to scam unsuspecting victims. They believe that all their activities are untraceable. Hence, they perpetrate many atrocities in the cryptocurrency market.
Thanks to the emergence of some genuine trading platforms like BitIQ, traders can easily invest without the fear of falling victim to criminals in the market. There are countless online testimonials about the effectiveness of this trading robot at securing itself against any unlawful use, and it is well exemplified at bitconnect.co/tr/bitiq/.
Reason digital currencies do not protect criminals.
The nature of the cryptocurrency market makes it easy for anyone to attempt different criminal activities such as scamming, drug trafficking, fraud, dark marketplace trading, Terror funding, cybercrime, and money laundering. There are also many measures in place that serves to curb such activities by either stopping them from happening or exposing them. Most digital currencies today now come with adequate security to mitigate hacking. Similarly, they also make it possible to trace dubious transactions back to the cybercriminals despite their anonymity attribute.
Remarkable features of Digital currencies that expose criminals
Anonymity
The concept of anonymity in digital currency's realm is difficult to grasp. There are times when a user's activities are anonymous, and there are other times when they are not anonymous. In the first scenario, investors' information is not correlated with each transaction carried out. However, the wallet address in question might be linked to either the sender or the transaction recipient.
This is something that many criminals try to do all the time, but traders are smart enough and have come up with ways to mix up their assets so that they may remain anonymous with their details. On the other side, if someone has enough time and resources, they can track any questionable transactions down to the person who committed them.
Unregulated nature
The market for digital currency is not the typically regulated one that everyone is accustomed to. It is free and decentralized, making it impossible for a particular organization or body to have control over it. This helps prevent monopolizing digital assets. Cybercriminals often think the unregulated nature of the market for digital currencies will give them the ground to leverage and scam people. However, the reverse is the case because traders are always apprehensive due to this single fact. They tend to become suspicious of any shady dealing in the market. Hence, these criminals get people to scam.
Today, these criminals have taken their attempts to a higher level by setting traps in the market for unsuspecting traders. But thanks to real trading robots like BitIQ, investors can efficiently operate in the market via a regulated platform with their interests in mind.
High security
The majority of cryptocurrencies offer a high level of protection. However, the ever-present challenge is posed by the inevitable march of the internet's evolution. Hackers work tirelessly to penetrate a variety of trading platforms to gain access to user accounts and steal the cryptocurrencies contained within them. On the other hand, this same progress in technology has been used to offer digital currencies a more sophisticated level of protection. The vast majority of authentic platforms utilized by traders are fitted with encryption measures of a military-grade, which renders it impossible for unauthorized parties to access user accounts.
Speed of operation
The rate at which transactions may be completed with any form of digital currency cannot be matched by that of traditional fiat cash. This is because all transactions, such as buying and selling and sending and receiving, take place online. There is no problem with the standard paperwork, which can often take anywhere from three to five days whenever a significant transaction is carried out.
