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Can I lose all my money if a cryptocurrency fluctuates? (Bitcoin, Bitcoin Cash, etc.)
Like the American dollar or Mexican peso, the value of a cryptocurrency can change after exchanging the funds. However, value fluctuation is generally minimal, if any, and can be mitigated by exchanging your cryptocurrency right away.
- Deposits: Any cryptocurrency you send to Bovada immediately becomes U.S. currency.
- Withdrawals: If you transfer the funds to an Exchange or a Crypto VISA card, any increase or decrease in the currency rate will be minimal.
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