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Cryptocurrencies are relatively new in the market and many investors are still sceptical about investing in cryptocurrencies due to their unfamiliar nature. Further, there are a number of myths around cryptocurrencies that have caused a negative impression among people on cryptocurrencies.

Such rumours are stopping investors from showing interest in the investment option.

Here is a list of 5 common cryptocurrency myths debunked.

1. Cryptocurrencies are used for illegal activities
2. Cryptocurrencies have no real value
3. Cryptocurrencies are not secure
4. Cryptocurrencies are illegal
5. Cryptocurrency transactions are completely anonymous and can’t be traced

Watch the video to understand why these 5 statements are myths in actual. Now, that you have understood cryptocurrencies better, would you like to invest in them? Since the government is giving hints on building the country's own digital currency, would you rather invest in them? What do you think? Do let us know your thoughts in the comments section below.

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