Level of risk in the use of cryptoassets for users without a specialized level of education in the field: aspects to be prioritized in mitigation

Abstract

The use of cryptoactives as an investment instrument is growing, putting the issue in perspective towards an advance to be placed in the global financial spectrum. Of course, the incursion into a new technology merged with the rules of the market creates a combination that, if not known how to handle it, can represent severe risks for users who are as courageous as they are uneducated. First, the risk of cybersecurity and cryptosecurity remains in the foreground, leaving the user exposed to various attacks from which they can only be defended through good practices in the management of their assets. Second, financial risk increases as long as there are aggravating factors resulting from poor risk management. In this sense, it is necessary to warn the novice users about the main risks to which they are exposed, providing approximate measurements so that he considers their involvement and its conditions.