{"id":33442,"date":"2022-06-08T15:46:23","date_gmt":"2022-06-08T13:46:23","guid":{"rendered":"https:\/\/www.ebas.ch\/?page_id=33442"},"modified":"2025-08-15T09:35:36","modified_gmt":"2025-08-15T07:35:36","slug":"cryptocurrencies","status":"publish","type":"page","link":"https:\/\/www.ebas.ch\/en\/cryptocurrencies\/","title":{"rendered":"Cryptocurrencies"},"content":{"rendered":"<div id=\"av_section_1\" class=\"avia-section av-3osj-8edf3c5c57d6f444e32a620ab19c7a5a main_color avia-section-default avia-no-border-styling  avia-builder-el-0  avia-builder-el-no-sibling  avia-bg-style-scroll container_wrap fullsize\"><div class=\"container av-section-cont-open\"><main role=\"main\" itemprop=\"mainContentOfPage\" class=\"template-page content  av-content-full alpha units\"><div class=\"post-entry post-entry-type-page post-entry-33442\"><div class=\"entry-content-wrapper clearfix\">\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-jo2xz-588590f8e0c3dd5b36ff4df9077018fa\">\n.flex_column.av-jo2xz-588590f8e0c3dd5b36ff4df9077018fa{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div class=\"flex_column av-jo2xz-588590f8e0c3dd5b36ff4df9077018fa av_three_fourth  avia-builder-el-1  el_before_av_one_fourth  avia-builder-el-first  first flex_column_div av-zero-column-padding  \"><section class=\"av_textblock_section av-jvmci8ju-0d4bf5e1ee8402a49397872c2bc85092 \" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\"><div class=\"avia_textblock\" itemprop=\"text\"><p class=\"ebas-lead\">Bitcoin, Etherum, Tether and many others are digital currencies and means of payment enjoying considerable attention. To some extent, they even have already entered our daily lives. But what is it these digital currencies promise, and what should you take into account?<\/p>\n<div class=\"ebas-gist\">\n<h4><strong>When investing in and using cryptocurrencies, you should note the following:<\/strong><\/h4>\n<ul>\n<li><span class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Cryptocurrency&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Cryptocurrencies are digital means of exchange\/payment or assets using cryptographic techniques to ensure a payment system is secure. When systems are being paralysed by malware, cyber-criminals usually demand a cryptocurrency payment (e.&amp;nbsp;g. bitcoins) to make tracing impossible.&lt;\/div&gt;\n\" data-mobile-support=\"0\" data-gt-translate-attributes=\"[{&quot;attribute&quot;:&quot;data-cmtooltip&quot;, &quot;format&quot;:&quot;html&quot;}]\" tabindex=\"0\" role=\"link\">Cryptocurrencies<\/span> are very volatile. Huge exchange rate fluctuations both upwards and downwards within very short periods of time are quite normal.<\/li>\n<li>There are thousands of different <span class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Cryptocurrency&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Cryptocurrencies are digital means of exchange\/payment or assets using cryptographic techniques to ensure a payment system is secure. When systems are being paralysed by malware, cyber-criminals usually demand a cryptocurrency payment (e.&amp;nbsp;g. bitcoins) to make tracing impossible.&lt;\/div&gt;\n\" data-mobile-support=\"0\" data-gt-translate-attributes=\"[{&quot;attribute&quot;:&quot;data-cmtooltip&quot;, &quot;format&quot;:&quot;html&quot;}]\" tabindex=\"0\" role=\"link\">cryptocurrencies<\/span>. Don&rsquo;t go investing just blindly, but do your research, thoroughly read up on a currency and the identity of the issuer beforehand, and ask your bank.<\/li>\n<li>With apparently very lucrative offers in particular, for instance on such social media channels as Facebook, YouTube, Twitter &amp; Co., a healthy dose of suspicion is a must.<\/li>\n<li>Retain your <span class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Crypto wallet&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Cryptocurrencies are stored digitally in so-called wallets, protected by access codes.&lt;\/div&gt;\n\" data-mobile-support=\"0\" data-gt-translate-attributes=\"[{&quot;attribute&quot;:&quot;data-cmtooltip&quot;, &quot;format&quot;:&quot;html&quot;}]\" tabindex=\"0\" role=\"link\">crypto wallet<\/span> code very carefully and securely. Should you lose your access code, you will irretrievably lose your money, too.<\/li>\n<li>Once executed, you can no longer cancel a remittance.<\/li>\n<\/ul>\n<h4><strong>In general, the following applies:<\/strong><\/h4>\n<ul>\n<li>Where there is a promise of apparently quick profits, remember that one simple truth: There is no quick money without any risk of loss! Those who believe this lose out!<\/li>\n<li>Only invest your own savings and amounts which you would be able to cope with in case of loss.<\/li>\n<\/ul>\n<\/div>\n<p>Thousands of <span class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Cryptocurrency&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Cryptocurrencies are digital means of exchange\/payment or assets using cryptographic techniques to ensure a payment system is secure. When systems are being paralysed by malware, cyber-criminals usually demand a cryptocurrency payment (e.&amp;nbsp;g. bitcoins) to make tracing impossible.&lt;\/div&gt;\n\" data-mobile-support=\"0\" data-gt-translate-attributes=\"[{&quot;attribute&quot;:&quot;data-cmtooltip&quot;, &quot;format&quot;:&quot;html&quot;}]\" tabindex=\"0\" role=\"link\">cryptocurrencies<\/span> vie for users&rsquo; favour with great promises as to their security, simplicity, transparency and profits to be made. The headlines though often paint a different picture: Exorbitant exchange rate fluctuations and their frequent use by cybercriminals are scratching at this image. What is behind this new-style monetary concept?<\/p>\n<h3>Cryptocurrencies &ndash; what are they?<\/h3>\n<p><span class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Cryptocurrency&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Cryptocurrencies are digital means of exchange\/payment or assets using cryptographic techniques to ensure a payment system is secure. When systems are being paralysed by malware, cyber-criminals usually demand a cryptocurrency payment (e.&amp;nbsp;g. bitcoins) to make tracing impossible.&lt;\/div&gt;\n\" data-mobile-support=\"0\" data-gt-translate-attributes=\"[{&quot;attribute&quot;:&quot;data-cmtooltip&quot;, &quot;format&quot;:&quot;html&quot;}]\" tabindex=\"0\" role=\"link\">Cryptocurrency<\/span> is the term used to denote digital currencies based on unalterable mathematical and cryptographic principles (the science of encryption) through all stages from generation via storage to their exchange. They do not therefore require regulation by any superordinate institutions. In return, there is no-one to take intervention measures in case errors occur when handling <span class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Cryptocurrency&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Cryptocurrencies are digital means of exchange\/payment or assets using cryptographic techniques to ensure a payment system is secure. When systems are being paralysed by malware, cyber-criminals usually demand a cryptocurrency payment (e.&amp;nbsp;g. bitcoins) to make tracing impossible.&lt;\/div&gt;\n\" data-mobile-support=\"0\" data-gt-translate-attributes=\"[{&quot;attribute&quot;:&quot;data-cmtooltip&quot;, &quot;format&quot;:&quot;html&quot;}]\" tabindex=\"0\" role=\"link\">cryptocurrencies<\/span>.<\/p>\n<p><span class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Cryptocurrency&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Cryptocurrencies are digital means of exchange\/payment or assets using cryptographic techniques to ensure a payment system is secure. When systems are being paralysed by malware, cyber-criminals usually demand a cryptocurrency payment (e.&amp;nbsp;g. bitcoins) to make tracing impossible.&lt;\/div&gt;\n\" data-mobile-support=\"0\" data-gt-translate-attributes=\"[{&quot;attribute&quot;:&quot;data-cmtooltip&quot;, &quot;format&quot;:&quot;html&quot;}]\" tabindex=\"0\" role=\"link\">Cryptocurrencies<\/span> don&rsquo;t have any real or intrinsic value. Instead, they are virtual assets, with their value solely determined by supply and demand. It therefore takes only minor swings in the market to trigger sometimes major exchange rate fluctuations.<\/p>\n<p><span class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Cryptocurrency&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Cryptocurrencies are digital means of exchange\/payment or assets using cryptographic techniques to ensure a payment system is secure. When systems are being paralysed by malware, cyber-criminals usually demand a cryptocurrency payment (e.&amp;nbsp;g. bitcoins) to make tracing impossible.&lt;\/div&gt;\n\" data-mobile-support=\"0\" data-gt-translate-attributes=\"[{&quot;attribute&quot;:&quot;data-cmtooltip&quot;, &quot;format&quot;:&quot;html&quot;}]\" tabindex=\"0\" role=\"link\">Cryptocurrencies<\/span> are &ldquo;mined&rdquo;, stored and exchanged in decentralised networks based on <span class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Blockchain&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;A series of interconnected blocks of information secured by cryptographic means. The best-known Blockchain application is Bitcoin, with Blockchain providing the manipulation-proof account book with all transactions.&lt;\/div&gt;\n\" data-mobile-support=\"0\" data-gt-translate-attributes=\"[{&quot;attribute&quot;:&quot;data-cmtooltip&quot;, &quot;format&quot;:&quot;html&quot;}]\" tabindex=\"0\" role=\"link\">Blockchain<\/span> technology. In the process, <span class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Blockchain&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;A series of interconnected blocks of information secured by cryptographic means. The best-known Blockchain application is Bitcoin, with Blockchain providing the manipulation-proof account book with all transactions.&lt;\/div&gt;\n\" data-mobile-support=\"0\" data-gt-translate-attributes=\"[{&quot;attribute&quot;:&quot;data-cmtooltip&quot;, &quot;format&quot;:&quot;html&quot;}]\" tabindex=\"0\" role=\"link\">Blockchain<\/span> plays the part of a distributed account book maintained in a distributed, non-hierarchical computer network. One defining characteristics of <span class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Cryptocurrency&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Cryptocurrencies are digital means of exchange\/payment or assets using cryptographic techniques to ensure a payment system is secure. When systems are being paralysed by malware, cyber-criminals usually demand a cryptocurrency payment (e.&amp;nbsp;g. bitcoins) to make tracing impossible.&lt;\/div&gt;\n\" data-mobile-support=\"0\" data-gt-translate-attributes=\"[{&quot;attribute&quot;:&quot;data-cmtooltip&quot;, &quot;format&quot;:&quot;html&quot;}]\" tabindex=\"0\" role=\"link\">cryptocurrencies<\/span> is that they are not generally issued by any superordinate institution. This way, <span class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Cryptocurrency&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Cryptocurrencies are digital means of exchange\/payment or assets using cryptographic techniques to ensure a payment system is secure. When systems are being paralysed by malware, cyber-criminals usually demand a cryptocurrency payment (e.&amp;nbsp;g. bitcoins) to make tracing impossible.&lt;\/div&gt;\n\" data-mobile-support=\"0\" data-gt-translate-attributes=\"[{&quot;attribute&quot;:&quot;data-cmtooltip&quot;, &quot;format&quot;:&quot;html&quot;}]\" tabindex=\"0\" role=\"link\">cryptocurrencies<\/span> can be used for online payment without the intervention of a third party, e.&nbsp;g.&nbsp;a bank.<\/p>\n<p>There are thousands of different <span class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Cryptocurrency&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Cryptocurrencies are digital means of exchange\/payment or assets using cryptographic techniques to ensure a payment system is secure. When systems are being paralysed by malware, cyber-criminals usually demand a cryptocurrency payment (e.&amp;nbsp;g. bitcoins) to make tracing impossible.&lt;\/div&gt;\n\" data-mobile-support=\"0\" data-gt-translate-attributes=\"[{&quot;attribute&quot;:&quot;data-cmtooltip&quot;, &quot;format&quot;:&quot;html&quot;}]\" tabindex=\"0\" role=\"link\">cryptocurrencies<\/span>, the biggest and most well-known being <span class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Cryptocurrency&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Cryptocurrencies are digital means of exchange\/payment or assets using cryptographic techniques to ensure a payment system is secure. When systems are being paralysed by malware, cyber-criminals usually demand a cryptocurrency payment (e.&amp;nbsp;g. bitcoins) to make tracing impossible.&lt;\/div&gt;\n\"  data-mobile-support=\"0\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex='0' role='link'>Bitcoin<\/span>.<\/p>\n<h3>Based on Blockchain technology<\/h3>\n<p>The smooth working and security of a <span class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Cryptocurrency&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Cryptocurrencies are digital means of exchange\/payment or assets using cryptographic techniques to ensure a payment system is secure. When systems are being paralysed by malware, cyber-criminals usually demand a cryptocurrency payment (e.&amp;nbsp;g. bitcoins) to make tracing impossible.&lt;\/div&gt;\n\" data-mobile-support=\"0\" data-gt-translate-attributes=\"[{&quot;attribute&quot;:&quot;data-cmtooltip&quot;, &quot;format&quot;:&quot;html&quot;}]\" tabindex=\"0\" role=\"link\">cryptocurrency<\/span> is safeguarded by <span class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Blockchain&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;A series of interconnected blocks of information secured by cryptographic means. The best-known Blockchain application is Bitcoin, with Blockchain providing the manipulation-proof account book with all transactions.&lt;\/div&gt;\n\" data-mobile-support=\"0\" data-gt-translate-attributes=\"[{&quot;attribute&quot;:&quot;data-cmtooltip&quot;, &quot;format&quot;:&quot;html&quot;}]\" tabindex=\"0\" role=\"link\">Blockchain<\/span> technology. As can be inferred from its name, the <span class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Blockchain&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;A series of interconnected blocks of information secured by cryptographic means. The best-known Blockchain application is Bitcoin, with Blockchain providing the manipulation-proof account book with all transactions.&lt;\/div&gt;\n\" data-mobile-support=\"0\" data-gt-translate-attributes=\"[{&quot;attribute&quot;:&quot;data-cmtooltip&quot;, &quot;format&quot;:&quot;html&quot;}]\" tabindex=\"0\" role=\"link\">Blockchain<\/span> is a chain of interconnected blocks forever increasing in length, where transactions are filed. These interconnected blocks with their listed transactions, also called an account book, are not administered centrally, but via a distributed network of thousands of computers. Every newly generated block has to be verified and confirmed by every node, making it almost impossible to fake transactions.<\/p>\n<h3>No opportunity without risk<\/h3>\n<p>Next to their opportunities or advantages, <span class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Cryptocurrency&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Cryptocurrencies are digital means of exchange\/payment or assets using cryptographic techniques to ensure a payment system is secure. When systems are being paralysed by malware, cyber-criminals usually demand a cryptocurrency payment (e.&amp;nbsp;g. bitcoins) to make tracing impossible.&lt;\/div&gt;\n\" data-mobile-support=\"0\" data-gt-translate-attributes=\"[{&quot;attribute&quot;:&quot;data-cmtooltip&quot;, &quot;format&quot;:&quot;html&quot;}]\" tabindex=\"0\" role=\"link\">cryptocurrencies<\/span> also bear risks. One of the largest is the confusingly huge number of different <span class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Cryptocurrency&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Cryptocurrencies are digital means of exchange\/payment or assets using cryptographic techniques to ensure a payment system is secure. When systems are being paralysed by malware, cyber-criminals usually demand a cryptocurrency payment (e.&amp;nbsp;g. bitcoins) to make tracing impossible.&lt;\/div&gt;\n\" data-mobile-support=\"0\" data-gt-translate-attributes=\"[{&quot;attribute&quot;:&quot;data-cmtooltip&quot;, &quot;format&quot;:&quot;html&quot;}]\" tabindex=\"0\" role=\"link\">cryptocurrencies<\/span> in circulation, and the enormous exchange rate fluctuations they are prone to.<\/p>\n<p>You should therefore be careful and consider very thoroughly which (<span class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Cryptocurrency&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Cryptocurrencies are digital means of exchange\/payment or assets using cryptographic techniques to ensure a payment system is secure. When systems are being paralysed by malware, cyber-criminals usually demand a cryptocurrency payment (e.&amp;nbsp;g. bitcoins) to make tracing impossible.&lt;\/div&gt;\n\"  data-mobile-support=\"0\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex='0' role='link'>crypto<\/span>)currencies you invest in. Before you invest, it is well worth using independent sources to check the current exchange rate history with regard to real currencies.<\/p>\n<h3>My wallet, my responsibility!<\/h3>\n<p><span class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Cryptocurrency&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Cryptocurrencies are digital means of exchange\/payment or assets using cryptographic techniques to ensure a payment system is secure. When systems are being paralysed by malware, cyber-criminals usually demand a cryptocurrency payment (e.&amp;nbsp;g. bitcoins) to make tracing impossible.&lt;\/div&gt;\n\" data-mobile-support=\"0\" data-gt-translate-attributes=\"[{&quot;attribute&quot;:&quot;data-cmtooltip&quot;, &quot;format&quot;:&quot;html&quot;}]\" tabindex=\"0\" role=\"link\">Cryptocurrencies<\/span> are stored digitally in so-called wallets, protected by access codes. Your access code is the only way for you to get hold of your assets stored inside a <span class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Crypto wallet&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Cryptocurrencies are stored digitally in so-called wallets, protected by access codes.&lt;\/div&gt;\n\"  data-mobile-support=\"0\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex='0' role='link'>wallet<\/span>. If you lose your access code, your money is gone, too.<\/p>\n<p>Protect your <span class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Crypto wallet&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Cryptocurrencies are stored digitally in so-called wallets, protected by access codes.&lt;\/div&gt;\n\" data-mobile-support=\"0\" data-gt-translate-attributes=\"[{&quot;attribute&quot;:&quot;data-cmtooltip&quot;, &quot;format&quot;:&quot;html&quot;}]\" tabindex=\"0\" role=\"link\">crypto wallet<\/span> by:<\/p>\n<ul>\n<li>preferably using an offline hardware <span class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Crypto wallet&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Cryptocurrencies are stored digitally in so-called wallets, protected by access codes.&lt;\/div&gt;\n\"  data-mobile-support=\"0\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex='0' role='link'>wallet<\/span>;<\/li>\n<li>storing your <span class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Crypto wallet&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Cryptocurrencies are stored digitally in so-called wallets, protected by access codes.&lt;\/div&gt;\n\"  data-mobile-support=\"0\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex='0' role='link'>wallet<\/span> ID and access codes extremely carefully and securely &ndash; also offline, for instance on a piece of paper inside a safe;<\/li>\n<li>never passing on your <span class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Crypto wallet&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Cryptocurrencies are stored digitally in so-called wallets, protected by access codes.&lt;\/div&gt;\n\"  data-mobile-support=\"0\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex='0' role='link'>wallet<\/span> ID and access codes via e&#8209;mail or in any other way, and never entering them on any dubious platforms or apps either.<\/li>\n<\/ul>\n<p>For further information, please also read our detailed article on <a href=\"https:\/\/www.ebas.ch\/en\/crypto-wallets\/\">crypto wallets<\/a>.<\/p>\n<\/div><\/section><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-e2kbb-86d4495b00c389f290046e9e5f6e0589\">\n.flex_column.av-e2kbb-86d4495b00c389f290046e9e5f6e0589{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div class=\"flex_column av-e2kbb-86d4495b00c389f290046e9e5f6e0589 av_one_fourth  avia-builder-el-3  el_after_av_three_fourth  avia-builder-el-last  ebas-sidebar flex_column_div av-zero-column-padding  \"><section class=\"av_textblock_section av-jvmf7hs6-3b9d69dcf77b0726a9d3b275dce634f3 \" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\"><div class=\"avia_textblock\" itemprop=\"text\"><p>&ldquo;The core problem of conventional currencies is the level of trust required for them to work.&rdquo;<\/p>\n<p>Satoshi Nakamoto, <span class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Cryptocurrency&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Cryptocurrencies are digital means of exchange\/payment or assets using cryptographic techniques to ensure a payment system is secure. When systems are being paralysed by malware, cyber-criminals usually demand a cryptocurrency payment (e.&amp;nbsp;g. bitcoins) to make tracing impossible.&lt;\/div&gt;\n\"  data-mobile-support=\"0\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex='0' role='link'>Bitcoin<\/span> inventor, <a href=\"https:\/\/bitcoin.org\/bitcoin.pdf\" target=\"_blank\" rel=\"noopener\"><strong>Whitepaper (2008)<\/strong><\/a><\/p>\n<p><strong><br>\nInfo sheet:<\/strong><\/p>\n<a href=\"https:\/\/www.ebas.ch\/wp-content\/uploads\/2022\/06\/cryptocurrenciesSKP_en.pdf\" target=\"_blank\" class=\"ebas-media-link ebas-pdf\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"726\" height=\"1030\" src=\"https:\/\/www.ebas.ch\/wp-content\/uploads\/2022\/06\/cryptocurrenciesSKP_en-pdf-726x1030.jpg\" class=\"attachment-large size-large\" alt=\"\"\/><\/a>\n<\/div><\/section><\/div>\n<\/div><\/div><\/main><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Bitcoin, Etherum, Tether and many others are digital currencies and means of payment enjoying considerable attention. To some extent, they even have already entered our daily lives. But what is it these digital currencies promise, and what should you take into account?<\/p>\n","protected":false},"author":1,"featured_media":33440,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[34],"tags":[],"class_list":["post-33442","page","type-page","status-publish","has-post-thumbnail","hentry","category-digital-banking-payment"],"acf":[],"yoast_head":"<title>Cryptocurrencies - \u00abeBanking \u2013 but secure!\u00bb<\/title>\n<meta name=\"description\" content=\"Bitcoin, Etherum, Tether and many others are digital currencies and means of payment enjoying considerable attention. To some extent, they even have already entered our daily lives. 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