Comment Detail

In a typical cryptocurrency transaction, there are only one sender and receiver each with no counterparty or broker involved. Hence your statement on counterparty and broker risk is factually incorrect. However, there is an exchange risk where cryptocurrency holdings held in crypto-exchanges are subjected to risk of loss through exchange hacking such as the Mt Gox case. This exchange risk can be mitigated through the use of cold wallet to store the private key offline during a cryptocurrency transaction.

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