Scams in cryptocurrencies. A warning to Salvadorians and everyone else who will use cryptos for the first time.
This article is a warning to anyone new or old using Bitcoin and any other cryptocurrencies, we have a new financial tool, and in the case of El Salvador, a new legal currency, and the government gave a custodian wallet so that Salvadorians can use Bitcoin without having to pay the transaction fees which can be high for exchange of your privacy and the fact that your money can be seized at any moment. Privacy and lack of control over your private keys is the price to pay for using a Chivo wallet, that is, the risks of using Bitcoin with any other custodian like Chivo, Wallet of Satoshi, or any other custodian. But the risks don't end there, and as such, I must warn you.
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