Why Some Youth and Teens Are Inquiring About and Turning to Cryptocurrency: A Guide For Parents & Caregivers
- The White Hatter
- 6 minutes ago
- 20 min read
A big thank you, and a tip of our White Hat, to Berle Swann, a recently retired police officer and the founder of the OutSmart The Scammer - Fraud Prevention Society. Berle is a recognized subject-matter expert in fraud prevention, and we highly recommend her to any organization looking for practical, easy-to-understand presentations on fraud and scams. We are also grateful that Berle has joined us as a contributor to this guide.
A recent article in the The New York Times highlights a trend parents and caregivers should be aware of. Some of the world’s most influential youth and teen online creators are now moving into the financial world, including banking, investing, and cryptocurrency (1).
One example involves YouTube creator Jimmy Donaldson, commonly known as “Mr Beast”, whose company recently acquired “Step”, a financial technology platform aimed at teenagers and young adults (2). The app allows young users to open bank style accounts, receive debit cards, and begin learning about investing. Millions of young people are already using the platform, many opening their first financial account as teens. In fact, over the past two years, we have seen an increase in questions from high school students about cryptocurrency.
This reflects a broader shift where technology, entertainment, and finance are beginning to merge. Influencers are no longer just entertainers, they are becoming financial brands that can shape how young audiences think about money, investing, and emerging tools like cryptocurrency.
For many teens, these platforms may represent their first exposure to financial products. That makes financial literacy an increasingly important part of digital literacy, and a conversation parents and caregivers may want to start having at home especially when it comes to cryptocurrency.
Over the past few years, many parents and caregivers have become comfortable talking with their children about social media, gaming, online safety and privacy. What is beginning to emerge now is a new digital environment that many families have not yet discussed, “cryptocurrency”, thus the reason for this guide.
Across gaming platforms, Discord servers, TikTok videos, YouTube Shorts, and online communities, some youth and teens are becoming curious about, and in some cases actively participating in, cryptocurrency markets.
For parents and caregivers, this can feel confusing. Cryptocurrency is often framed in two very different ways. Some people describe it as the future of finance and digital innovation, while others describe it as high risk speculation that can resemble gambling.
As is often the case, when it comes to technology and young people, the reality is more nuanced. Understanding both the opportunities and the risks of cryptocurrency can help parents and caregivers guide their youth or teen more effectively.
Cryptocurrency is a digital form of money that exists only online and is typically stored using blockchain technology. When parents and caregivers hear the word blockchain, it often sounds like a complicated piece of computer science. In reality, the basic idea is easier to understand if you think of it as a public ledger that records financial transactions. Every time someone sends money to someone else, the transaction gets written into this digital ledger with three important differences:
1/ Many copies exist at the same time
Instead of one notebook sitting in a bank, thousands of computers around the world hold identical copies of the same record.
2/ Everyone can see the transactions
The transactions are publicly recorded, although the identities behind the digital addresses may not always be obvious.
3/ Once something is written down, it cannot easily be erased
Each group of transactions is locked into a “block,” and those blocks are linked together in a chain. That is where the term blockchain comes from.
Because every computer on the network holds a copy of the ledger, it becomes extremely difficult for anyone to secretly change past transactions. Unlike traditional currencies issued by governments, most cryptocurrencies operate in unregulated decentralized networks where transactions are recorded across distributed computer systems. Some of the most well known examples include Bitcoin (3) and Ethereum (4), but there are now thousands of cryptocurrencies available online.
Cryptocurrency can serve several different purposes, which is one reason it has attracted the attention of many teens and young adults. One of the most common uses is investing or trading. Similar to stocks, some people buy cryptocurrencies hoping their value will increase over time. Others actively trade them, buying and selling quickly in response to market changes. Because cryptocurrency prices can rise and fall dramatically in short periods, some young people are drawn to the excitement of trying to profit from these swings.
Cryptocurrency can also be used for online payments. Certain websites and services accept digital currencies as a form of payment, allowing users to purchase goods, services, or digital products, both legal and illegal, without using traditional banking systems, cash, or credit cards (5). Transactions can often occur across international borders quickly, which is one reason some people see cryptocurrencies as an alternative payment method, and why the criminal element increasingly prefers this type of financial transaction.
Another area where cryptocurrency appears is in digital collectibles, often referred to as NFTs (non-fungible tokens) (6). These are unique digital items that can represent artwork, music, videos, or other forms of digital content. Some young people become interested in NFTs through online communities, gaming platforms, or creators they follow who release limited digital collectibles tied to their brand.
Cryptocurrency is also increasingly connected to online gaming economies. Some games allow players to earn or purchase digital currencies that can be traded, sold, or used to buy in-game items such as skins, characters, or virtual land. In some cases, these digital assets can be converted into real-world value, which has made certain gaming environments resemble miniature financial marketplaces.
Cryptocurrency also plays a central role in what is known as decentralized finance, often shortened to “DeFi (7).” These systems aim to recreate financial services such as lending, borrowing, or earning interest without relying on traditional banks. Instead, they operate through computer code on blockchain networks, allowing users to interact directly with financial systems online.
Together, these different uses help explain why cryptocurrency is gaining attention among young people. It is not just about investing, it’s becoming part of a much larger, and often unregulated, digital ecosystem that includes finance, entertainment, gaming, and online communities. Many of these communities are the same digital spaces where young people already spend time. The online criminal knows this, and therefore will often creep these spaces looking for financial targets to exploit.
What Is a Crypto Wallet?
A cryptocurrency wallet is a digital tool that allows a person to send, receive, and manage cryptocurrency. Despite the name, a crypto wallet does not actually store cryptocurrency the way a physical wallet stores cash. Instead, the wallet stores cryptographic keys that prove ownership of cryptocurrency recorded on a blockchain. To help parents visualize this, consider the following comparison:
As mentioned earlier, think of the blockchain as a global public accounting ledger that records who owns what.
A crypto wallet stores the private keys that allow someone to access and control the funds recorded on that ledger.
Whoever controls the private key controls the cryptocurrency associated with it. This is why security is such an important issue when it comes to crypto wallets. There are two main types of crypto wallets, each with its own advantages and risks.
Hot Wallets: Online Crypto Wallets
A hot wallet is a cryptocurrency wallet that is connected to the internet. Because these wallets are online, they are typically easy to access and convenient for making transactions.
Many hot wallets are built into cryptocurrency exchanges such as Coinbase or Binance. Others exist as mobile apps or browser extensions. Examples of hot wallets include:
Mobile crypto wallet apps
Browser-based wallets
Exchange wallets connected to trading platforms
Hot wallets are popular because they are simple to use and easy to set up. For youth and beginners, they are often the first exposure to cryptocurrency because many exchanges automatically create a wallet when a user opens an account. They allow users to:
Send and receive cryptocurrency quickly
Connect with trading platforms
Access funds from a phone or computer
Because hot wallets are connected to the internet, they are also more vulnerable to cybercrime. Potential risks include:
Hacking of accounts
Phishing attacks that steal login credentials
Malware that attempts to capture private keys
This is one reason why many experienced cryptocurrency users do not store large amounts of digital assets in hot wallets.
Cold Wallets: Offline Crypto Storage
A cold wallet is a cryptocurrency wallet that is not connected to the internet. Because it remains offline, it is considered significantly more secure against online attacks. Cold wallets are often physical devices known as hardware wallets, produced by companies such as Ledger and Trezor. Another form of cold storage is a paper wallet, where the private keys are printed on paper and stored in a secure location.
Cold wallets offer stronger protection because private keys remain offline. This means hackers cannot access them through the internet. For this reason, many long-term investors store cryptocurrency in cold wallets to reduce the risk of theft.
While more secure, cold wallets require greater responsibility. If a user loses the recovery phrase (a backup set of words used to restore the wallet), the cryptocurrency stored in that wallet may be permanently lost. Unlike traditional banks, there is usually no customer service department that can recover lost funds. This is an important concept for parents and teens to understand.
One way to explain the difference between the two wallets to a young person is this:
Hot wallets are like a debit card in your pocket. They are convenient for everyday spending but easier to steal if someone gets access to them.
Cold wallets are more like a safe in your house. They are harder to access but much more secure for long-term storage.
Both types serve different purposes, and many experienced users actually use both together.
Now that we know the basics of cryptocurrency, blockchain, and crypto wallets, here’s what teens have shared with us as to why cryptocurrency is sparking their interest.
1/ Social media exposure
Cryptocurrency is widely discussed on platforms such as TikTok, YouTube, Reddit, and Discord. Influencers, like “Mr Beast” often promote crypto investments or discuss dramatic gains and losses. There is no doubt that social media plays a significant role in driving young people’s interest in cryptocurrency trading. For teens who already follow creators discussing gaming, entrepreneurship, or online business, cryptocurrency content can appear as simply another digital opportunity.
2/ Gaming and digital economies
In some online games, players can earn or trade digital items that hold real world value. In newer blockchain based games, those items may be tied directly to cryptocurrency systems (8).
These digital economies blur the line between:
gaming
collecting
investing
For youth and teens who are already comfortable with virtual currencies in games, cryptocurrency can feel like a natural extension of those systems.
3/ The appeal of financial independence
For some teens, cryptocurrency represents something powerful, the idea of making money independently online. The narrative often promoted online is that crypto allows people to:
bypass traditional banks
build wealth quickly
participate in cutting-edge technology
Many parents and caregivers assume that entering the cryptocurrency market requires a bank account, formal identification, or adult supervision. In reality, some teens are finding ways to access cryptocurrency through multiple pathways that require little oversight. These routes are not always illegal, but they can occur outside the awareness of parents and caregivers.
Cryptocurrency Kiosks (Often Mislabelled as “Crypto ATMs”)
Across Canada, cryptocurrency kiosks have become increasingly common in convenience stores, shopping centres, and other retail locations. While many people refer to these machines as “crypto ATMs,” that term can be misleading because they do not operate under the same regulatory framework as traditional banking machines.
One reason these kiosks attract young users is that some allow smaller transactions, often under $1,000, with minimal verification requirements such as a mobile phone number. For teens who have cash from part-time jobs, gifts, allowances, or from criminal behaviour like selling drugs, these kiosks provide a straightforward way to convert physical money into digital currency without needing access to a bank account.
Another issue parents should be aware of is the cost. These machines often charge extremely high transaction fees, sometimes ranging from 5% to 30%, meaning a significant portion of the money can disappear before the purchase is even completed.
Peer-to-Peer (P2P) and Decentralized Exchanges
Another pathway involves peer to peer trading platforms and decentralized exchanges. Services such as LocalCoinSwap, Binance, Shakepay, Uniswap, PayPal, Wise, Wealthsimple, KOHO, and Remitly can allow individuals to exchange value directly with one another.
In some cases, these systems operate similarly to how Interac e-Transfers work in Canada, where two people agree to a transaction and complete it digitally. Because some of these environments operate outside centralized exchanges, age verification processes may be inconsistent or easy to bypass.
Comparable payment services such as Venmo, Cash App, and Zelle are widely used in the United States, though they are not currently available in Canada. The broader lesson for parents is that financial transactions are increasingly happening in decentralized environments that do not always rely on traditional financial institutions.
Alternative “On-Ramps” Into Cryptocurrency
Teens are also using creative methods to obtain cryptocurrency without directly purchasing it through a regulated exchange. Some trade digital gift cards, such as Amazon or Steam cards, in online marketplaces in exchange for Bitcoin or other digital currencies.
Others may accept cryptocurrency as payment for online services, such as gaming-related work, digital art, coding, or freelance tasks. For teens who spend a lot of time online, earning digital currency can sometimes feel like a natural extension of the digital spaces they already participate in.
From a safety, security, and policing perspective, unsupervised cryptocurrency activity can create several challenges that parents, caregivers and law enforcement need to understand.
Transactions Are Often Irreversible
Unlike credit card payments or traditional bank transfers, most cryptocurrency transactions cannot be reversed once they are completed. If a young person is tricked into sending funds to a scammer, there is typically no mechanism to recover that money.
While law enforcement agencies are developing stronger tools and partnerships to trace cryptocurrency transactions, these funds can move across international borders extremely quickly. In some cases, money can leave North America within 24 to 72 hours and end up in exchanges located in jurisdictions that may not cooperate with Canadian authorities.
Regulation and compliance frameworks continue to evolve, but the technology is advancing faster than legislation in many regions.
Breaking the Financial Paper Trail
Cryptocurrency kiosks are sometimes used to disrupt traditional financial tracking systems. When cash is inserted into a machine and converted directly into cryptocurrency, it can make it much harder for investigators to trace the original source of the funds.
This does not mean transactions are invisible, but it does make the investigative process more complex.
Scammers Directing Victims to Kiosks
Fraud investigators across North America have seen a pattern where scammers guide victims, including youth, to cryptocurrency kiosks while keeping them on the phone. The scammer often creates urgency or fear, convincing the victim that they must make a payment immediately.
Because kiosk locations are publicly listed online, criminals can easily look up where machines are located near the victim’s home and direct them there step-by-step.
Parents who are curious about where these kiosks exist in their community can view locations using tools such as Coin ATM Radar (9).
Physical Safety Risks
Another concern that is often overlooked involves physical safety. Many cryptocurrency kiosks are located in convenience stores, gas stations, or late-night retail environments. For a young person carrying large amounts of cash, these locations can present their own risks.
When a young person becomes involved with cryptocurrency, asking the right questions can help determine whether the activity is legitimate, risky, or potentially connected to fraud or exploitation.
Who owns the kiosk or service being used?
Many cryptocurrency kiosks are operated by third-party companies, each with their own policies for identification and compliance. Referring to these machines as “crypto ATMs” can create the impression they fall under traditional banking rules when in many cases they do not.
Is the teen using a “hot” custodial or a “cold” non-custodial wallet?
A custodial (hot) wallet means a company holds the cryptocurrency on the user’s behalf. A non-custodial (cold) wallet means the individual controls the private keys themselves. If a teen is using an unfamiliar or questionable app, they may not actually have full control over the assets they believe they own.
What is the purpose of the transaction?
Not every crypto transaction is about investing. Sometimes young people are pressured into sending cryptocurrency as payment for a supposed “fine,” “fee,” or “penalty.” In other cases, scammers demand crypto payments in sextortion schemes.
Sextortion has become one of the fastest-growing scams targeting teens in North America, particularly adolescent boys who are manipulated into sending intimate images and then threatened with exposure unless they pay.
More information on this growing issue can be found through the Global Anti-Scam Alliance (10).
For youth and teens, cryptocurrency can be part of a larger technological curiosity rather than purely speculation. While there may be some opportunities for learning, researchers and mental health experts are increasingly raising concerns about how cryptocurrency markets operate, some of these concerns include:
1/ Cryptocurrency markets are extremely volatile
Unlike traditional investments, cryptocurrency prices can fluctuate dramatically. Some coins have lost over 50% of their value in short periods, creating the potential for sudden financial loss. For experienced investors this volatility can be manageable. For youth with little financial experience, it can be overwhelming.
2/ Crypto trading can resemble gambling behaviour
A growing body of research suggests that cryptocurrency trading shares psychological similarities with gambling (11). A major review published in the journal Addictive Behaviours found that cryptocurrency trading engagement and intensity are associated with problem gambling symptoms and similar personality traits. Other research has found:
strong links between crypto trading and impulsivity
similarities with high-risk speculative trading behaviour
overlap with excessive online activity patterns
Some researchers now describe cryptocurrency trading as sitting somewhere between investing and gambling (12).
3/ Emotional and mental health impacts
Research (13) examining young traders has found associations between cryptocurrency trading and:
anxiety
depression
psychological distress
loneliness
These links do not necessarily mean cryptocurrency causes mental health problems. However, the high stress nature of volatile markets can contribute to emotional strain for some participants.
4/ Impulsivity and “Fear of Missing Out”
Another study examining cryptocurrency speculation found that FOMO (fear of missing out) and impulsivity were strong predictors of financial harm in cryptocurrency trading (14). For teens who are still developing decision making skills, these emotional drivers can make high-risk investing particularly challenging.
5/ Cryptocurrency markets never close
Unlike stock markets, cryptocurrency markets operate 24 hours a day, 7 days a week. This can encourage behaviours such as:
constant price checking
late-night trading
anxiety during market swings
Some researchers studying crypto traders found that participants spent multiple hours per day monitoring trades (15).
6/ High-risk speculative trading behaviour
Research examining trading patterns (16) has found that individuals engaging in cryptocurrency trading may show higher rates of:
impulsivity
substance use
gambling behaviour
risk-taking tendencies
This does not apply to all investors, but it highlights why financial education for youth a teens is important.
How Teens Can Be Used as Cryptocurrency “Money Mules”
As cryptocurrency becomes more common in gaming, social media, and online investing communities, a growing concern for parents and caregivers is how young people can unknowingly become involved in financial crimes. One of the most common ways this happens is through something known as a money mule scheme.
A money mule is a person who transfers or moves money on behalf of someone else, often unknowingly helping criminals move or hide illegally obtained funds. In traditional banking this might involve moving money between bank accounts. With cryptocurrency, the same concept applies, but the money is moved using digital assets such as Bitcoin or Ethereum.
Because cryptocurrency transactions can cross borders quickly and are difficult to reverse, criminal networks often look for young people who can help move funds through their accounts or crypto wallets.
Teens can become attractive targets for scammers and organized crime groups for several reasons.
1/ Many teens are curious about cryptocurrency and are eager to learn how it works. That curiosity can make them more open to offers that promise easy money or fast profits.
2/ Young people often trust online relationships more easily, especially when someone presents themselves as a mentor, friend, or fellow investor.
3/ Many teens may not fully understand that moving money for someone else can be illegal, even if they believe they are simply helping.
In many cases, teens do not see themselves as participating in a crime. They may believe they are helping someone transfer money, testing a trading strategy, or earning commission for a financial transaction.
There are several ways criminals recruit teens to act as money mules in cryptocurrency schemes.
Social Media Recruitment
Criminals often approach teens through platforms like Instagram, Snapchat, or TikTok. A message might look something like this:
“I’ll pay you $200 if you let me use your crypto wallet.”
“You can make quick money helping move crypto.”
“I need someone in Canada to help process payments.”
These messages often appear to come from someone close to the teen’s age.
Fake Job Offers
Another common tactic is a fake online job. A teen might see an advertisement offering work such as:
“Crypto payment processor”
“Digital asset assistant”
“Remote finance helper”
The job appears legitimate but requires the teen to receive cryptocurrency and send it to another wallet while keeping a small commission.
Gaming Communities
Some recruitment also happens in online gaming spaces where cryptocurrency is discussed or used in digital economies. A player may offer to “send crypto” through another player’s wallet or ask someone to help transfer funds between accounts.
How the Money Mule Scheme Usually Works
Once a teen agrees to participate, the process often follows a predictable pattern.
A criminal sends cryptocurrency to the teen’s wallet.
The teen is instructed to transfer the funds to another wallet address.
The teen keeps a small percentage as payment.
Each transfer creates another layer between the original criminal and the final destination of the funds. This process is called money laundering, and it helps criminals hide where the money originally came from. Even if the teen believes the activity is harmless, they may still be participating in a financial crime.
Why Cryptocurrency Is Attractive to Criminals
Cryptocurrency is appealing to criminals for several reasons. Transactions can move across borders almost instantly without traditional banking oversight. Once a transaction is completed, it is typically very difficult to reverse. In addition, criminals can create multiple wallets, making it harder for investigators to follow the flow of funds. While blockchain transactions are recorded publicly, identifying the real person behind a wallet address can still require complex investigations.
Potential Consequences for Teens
Even if a teen did not fully understand what they were doing, acting as a money mule can have serious consequences. Possible outcomes include:
Accounts being frozen or closed
Cryptocurrency wallets being flagged or seized
Being investigated by financial crime units
Potential criminal charges in serious cases
Many teens only realize the seriousness of the situation after their accounts are suddenly restricted or law enforcement becomes involved.
Many teens who become money mules do not see themselves as criminals. They see an opportunity to make quick money or believe they are helping someone online. However, criminals rely on that lack of awareness.
For parents, the goal is not to create fear around cryptocurrency but to help young people understand that digital financial systems can be manipulated by criminals just as easily as traditional banking systems. The more teens understand how these schemes operate, the better equipped they will be to recognize them and walk away before becoming part of the problem. To help young people develop critical thinking and digital financial literacy. Here are some helpful starting points to ask your child what they know about cryptocurrency. Questions might include:
“Have you heard about crypto from friends or online?”
“Do you know anyone who trades it?”
“What do you think about it?”
Approach these conversations with curiosity rather than judgment.
One important concept parents and caregivers can help their teens understand is the difference between investing and speculation. While the two are often used interchangeably online, they are not the same thing. Investing generally involves placing money into assets with the expectation that they will grow in value over time based on underlying economic fundamentals. Speculation, on the other hand, often focuses on short term price movements where the primary goal is to profit from rapid changes in value rather than long term growth.
Responsible investing typically follows several basic principles. Many experienced investors focus on long-term strategies, recognizing that markets naturally move up and down in the short term but tend to grow gradually over longer periods. Rather than trying to quickly “get rich,” long term investors often build wealth slowly through patience and consistency.
Another key principle is diversification. This means spreading investments across different types of assets, such as stocks, bonds, and other financial instruments, rather than putting all of one’s money into a single opportunity. Diversification helps reduce risk because losses in one area may be balanced by gains in another.
Responsible investing also usually occurs within regulated financial markets. These markets are governed by rules and oversight designed to help protect investors, provide transparency, and reduce fraud. Regulations do not eliminate risk, but they create a framework that offers some level of accountability and consumer protection.
Cryptocurrency, by contrast, often operates in environments that can involve much higher levels of speculation. Prices can fluctuate dramatically, markets may be less regulated, and online hype can sometimes influence buying behaviour. For teens who are just beginning to explore financial tools, understanding these differences can help them approach cryptocurrency and other emerging financial technologies with greater caution and awareness.
Another important conversation parents can have with their teens involves the role of online hype surrounding cryptocurrency. Much of what young people see on social media tends to highlight dramatic success stories. Videos and posts often showcase individuals claiming they made large amounts of money quickly through crypto investments. These narratives can make cryptocurrency appear exciting, easy, and highly profitable. What is often missing from these conversations, however, is the fuller picture of the risks involved.
It is important for youth to understand that cryptocurrency markets can experience significant price volatility and market crashes. Digital currencies can rise rapidly in value, but they can also lose large portions of their value just as quickly. Many people who enter the market during periods of excitement or hype sometimes experience substantial losses when prices suddenly drop.
Teens should also be aware that the cryptocurrency space has attracted a range of scams and fraud schemes. These can include fake investment opportunities, phishing attacks, money muling, fraudulent trading platforms, and so-called “pump-and-dump” schemes where individuals artificially inflate the value of a cryptocurrency before selling their holdings and leaving others with losses. Because many crypto transactions are difficult to reverse, recovering lost funds can be extremely challenging.
Another factor parents may want to discuss is the role of influencers and exaggerated claims online. Some creators promote certain cryptocurrencies or projects while highlighting only the potential profits and rarely discussing the risks. In some cases, these promotions may even be paid endorsements that are not always clearly disclosed. Helping teens develop a healthy level of skepticism when they encounter bold financial claims online is an important step in building strong digital and financial literacy.
Encouraging strong financial literacy is one of the most effective ways parents can help reduce the risks young people may face as they begin exploring investments, including cryptocurrency. When teens understand the basic principles of how money works, they are better equipped to make thoughtful decisions rather than reacting to trends, hype, or pressure from social media.
One of the most important foundations is budgeting. Learning how to track income and expenses helps teens understand where their money is going and how to manage it responsibly. Budgeting also teaches an important lesson about prioritizing needs, setting financial goals, and avoiding the temptation to invest money that they cannot afford to lose.
Another key concept is compound interest, which is often described as earning interest on both the money you invest and the interest that accumulates over time. When young people understand how compound growth works, they begin to see the benefits of patience and long-term financial planning rather than chasing quick profits.
Parents can also introduce the concept of diversification, which means spreading investments across different types of assets rather than concentrating everything in one place. Diversification helps reduce financial risk because a loss in one investment may be offset by gains in another.
Closely related to this is risk management. Every investment carries some level of risk, but responsible investors learn to assess how much risk they are willing to take and avoid putting themselves in situations where a single loss could have serious financial consequences.
These financial principles are not limited to any single type of investment. Whether someone chooses to invest in stocks, cryptocurrency, real estate, or other assets, the same core ideas about budgeting, long-term thinking, diversification, and risk awareness remain essential. Teaching these fundamentals early can help teens develop healthier and more informed financial habits that will benefit them well into adulthood.
Cryptocurrency is not simply a passing trend. It is part of a broader shift in how digital technology intersects with finance, gaming, online communities, and criminality. For some youth and teens, cryptocurrency may become a gateway to learning about technology and economics. For others, it may represent a high-risk environment that resembles speculative gambling, or even money muling.
As with many aspects of the onlife world, the most effective approach for parents and caregivers is not fear or avoidance, it’s about education, conversation, and guidance.
Helping youth and teens understand how these cryptocurrency systems work, and the real risks that come with them, gives them the tools they need to navigate this evolving digital economy responsibly especially when it comes to the high risk world of cryptocurrency.
Post Script:
Again, big shout our to Berle Swann who helped contribute to this guide. Check out Berle’s website located at https://www.outsmartthescammer.com/
Berle has also provided links to further resources on this topic that can be located under “references” below (17-30)
Digital Food For Thought
The White Hatter
Facts Not Fear, Facts Not Emotions, Enlighten Not Frighten, Know Tech Not No Tech
References
