Risks:
1. Volatile Exchange Rates: Cryptocurrency exchange rates are highly volatile, meaning that investors can experience huge gains or losses on their investments in a short amount of time.
2. Limited Accessibility: Cryptocurrencies are still relatively new and may not be available through all platforms, meaning that some investors may struggle to find an appropriate way to buy and sell them.
3. Risk of Hacks: Cryptocurrencies are vulnerable to hacking and malicious attacks, which could result in investors losing their funds.
Benefits:
1. Low Transaction Fees: Cryptocurrencies often have very low transaction fees compared to other forms of payment such as credit cards and bank transfers.
2. Security: Cryptocurrencies offer a secure way to store and transfer money, because they use encryption to protect user data.
3. Decentralization: Cryptocurrencies use a decentralized system, which means that no single person or group controls it. This makes it more resilient to market manipulation and other risks.