Between dogecoin’s cameos on U.S. television and bitcoin’s growing acceptance on Wall Street, cryptocurrency is reaching a wider audience than ever before. Skyrocketing prices are surely tempting to newcomers, but they should be aware of the risks before jumping in.

If you just started paying attention to cryptocurrency and are wondering whether to invest, here are 10 things you need to know before buying anything.

Even if you’re an old pro, you probably know someone who’s curious because they heard on TV or at the bar that the price of some coin is surging and they can get rich quickly trading it. Please share this post with him or her.  

This article is excerpted from The Node, CoinDesk’s daily roundup of the most pivotal stories in blockchain and crypto news. You can subscribe to get the full newsletter here. 

1. Don’t put in more than you can afford to lose

Crypto is riskier than many other investments. Nothing is guaranteed other than…

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