Cryptocurrency Q&A

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Davide Davide Sat Mar 30 2024 | 7 answers 1412

Does money grow in a crypto wallet?

Excuse me, I am quite new to the world of cryptocurrencies. I've heard a lot about crypto wallets and how they store digital assets, but I'm still a bit confused about one thing. Does money actually "grow" in a crypto wallet? I mean, do the funds increase over time, like interest or dividends might do in a traditional bank account? Or is it just a place to securely store my coins without any growth potential? I'm trying to wrap my head around this concept and would appreciate any clarification you can provide. Thank you!

Does money grow in a crypto wallet?
CherryBlossomFall CherryBlossomFall Sat Mar 30 2024 | 6 answers 1545

Why is crypto banned in UK?

I'm quite perplexed about the recent crypto ban in the UK. Cryptocurrency has been gaining momentum globally, with many seeing it as a revolutionary form of finance. So, what exactly prompted the UK government to take such a drastic measure? Is it due to concerns about financial stability, or is it a response to the increasing number of crypto-related scams? I understand that regulation is necessary to protect investors, but a blanket ban seems like an overreaction. Couldn't the UK have found a more nuanced approach that balances risk management with innovation? I'm really interested to hear your thoughts on this matter.

Why is crypto banned in UK?
Maria Maria Sat Mar 30 2024 | 7 answers 1978

Do banks care about crypto?

I've been hearing a lot about cryptocurrencies lately, but I'm still not sure if banks are really interested in it. After all, it's a relatively new and volatile asset class. Do banks really care about crypto? And if they do, why is that?

Do banks care about crypto?
CherryBlossomPetal CherryBlossomPetal Sat Mar 30 2024 | 7 answers 1307

Is Binance UK closing?

I've heard rumors that Binance UK is closing down. Is that true? I've been using their platform for quite some time now and it's been really convenient for me to buy and sell cryptocurrencies. But if they're closing, what will happen to my assets? Will I be able to withdraw them or will I lose everything? I'm really worried about this and I'm hoping you can provide me with some clarity. Can you confirm if Binance UK is indeed shutting down and if so, what are the plans for their users? Thank you for your time and assistance.

Is Binance UK closing?
PearlWhisper PearlWhisper Sat Mar 30 2024 | 7 answers 1415

Why is my bank not letting me buy crypto?

I'm a bit puzzled. I've been hearing a lot about cryptocurrencies lately, and it seems like everyone is getting involved. But when I tried to buy some with my bank account, I was told that they don't allow such transactions. Can you explain why? Is it because of the volatility of the market? Or is there something else I'm not aware of? I mean, I understand there are risks involved, but I feel like I'm being denied the opportunity to make an informed decision. Could you please shed some light on this matter for me?

Why is my bank not letting me buy crypto?

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