Cryptocurrency

What You Should Know About Cryptocurrency

Cryptocurrency, or crypto, is a digital form of money that operates on decentralized networks. It’s increasingly popular for its potential to provide financial flexibility, but it comes with risks and considerations.

Common Questions We Hear:

Does Maine Savings offer cryptocurrency services?
Maine Savings does not currently offer cryptocurrency services. However, we’re here to help guide you toward safe financial decisions.

Is cryptocurrency safe?
Cryptocurrencies can be highly volatile, and their value can change significantly in a short period of time. While some see crypto as an investment opportunity, it’s essential to understand the risk of loss associated with these investments and to never invest money you can’t afford to lose.

How do I get crypto without being scammed?
Only purchase cryptocurrency from reputable platforms. Avoid unsolicited offers or schemes promising guaranteed returns—these are scams. Never share personal information, passwords, or banking details with unknown parties.

Why isn’t my debit card working for crypto purchases?
For your protection, Maine Savings has restrictions in place to help prevent fraud. If your card isn’t working for a crypto transaction, it might be due to these safeguards. Please call us if you need more information.

Tips for Safe Crypto Use:

• Research thoroughly before investing.
• Use secure, well-established platforms.
• Beware of phishing emails or scam websites.
• Consider consulting a financial advisor for expert guidance.

At Maine Savings, your financial well-being is our priority. While we don’t offer cryptocurrency services at this time, Maine Savings is here to help answer your questions and provide resources to support your financial safety.