For the second time this week, hackers steal Ethereum cryptocurrency worth millions of...

wiyosaya

Posts: 5,410   +3,486
In the meantime, I guess I'll use my highly secure credit card... those NEVER get compromised :)
At least CC companies refund fraudulent charges, and banks also have a means to guarantee deposits. In addition, brokerages also have means to guarantee funds. For banks in the US, the limit is $250K, brokerages $500K. These are generally included with the accounts.

Looks like cryptocurrencies have something similar, but you pay extra for it.
 

Squid Surprise

Posts: 3,440   +2,335
At least CC companies refund fraudulent charges, and banks also have a means to guarantee deposits. In addition, brokerages also have means to guarantee funds. For banks in the US, the limit is $250K, brokerages $500K. These are generally included with the accounts.

Looks like cryptocurrencies have something similar, but you pay extra for it.
And you don't pay for the privilege of using a credit card / bank account? There are fees for almost everything...
Let's not forget the kicker though - cryptocurrencies allow for completely anonymous payments...