You want to make sure the coin or currency you’re investing in actually has a functionality it serves.

Cryptocurrency or crypto may sound like a great way to get rich, but it also carries a lot of risks.

As First Nations Foundation CEO Phil Usher explains, it’s important to do some research before investing to make sure you know what you’re getting into.

A few things you may want to consider include:

1. What problem is it trying to solve?
2. What information is available to investors – and how reliable is it?
3. Has it been around for a while?

Remember: Scammers also try to get people to invest in cryptocurrency, so it’s always worth being careful.