HOW TO BUY BITCOIN SAFELY

If a company approaches you about a crypto investment, be highly sceptical. The promise of guaranteed returns is also a big warning sign

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Stick to the biggest exchanges. They will have the best security in place to store digital coins and the largest pool of buyers and sellers, which reduces costs. The largest is Coinbase

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The most secure way to store digital assets is in your own offline wallet, rather than in your exchange account. Offline wallets can be protected with security keys and are less likely to be targeted by hackers

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If you are worried about security, you can insure your Bitcoin against theft. One provider is Coincover. Underwritten by Lloyd’s of London, £25,000 of theft cover costs £180 a year. However, it does not cover lost passwords