The recent crypto crash can in part be attributed to the collapse of TerraUSD, a stablecoin pegged to the US dollar through algorithms and linked to a "sister" cryptocurrency named Luna. When the price of Luna plummeted, TerraUSD also fell, creating a “death spiral” to practically zero for both coins. Unsplash Note: Always use a reputed peer-to-peer platform for cashing in, and remember to ask for ID proof and proof of payment before releasing your cryptocurrency to them. It is also a good practice to keep your crypto locked until you receive payment from the individual. Yes and no. Crypto.com is a secure method to buy crypto and actively trade it, but an external hardware wallet is a more secure storage option if you plan to store large amounts of crypto for a long period of time. The exchange still offers the ability for users to buy crypto via credit card, and in September, started to waive fees for new users for the first week.
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