Risk management in cryptocurrency involves identifying, assessing, and mitigating potential losses or negative impacts associated with crypto investments and transactions. The process starts with identifying various risks, such as market volatility, regulatory changes, cyber threats, and liquidity issues. Each of these risks can significantly affect the value of digital assets and the overall investment strategy.Once risks are identified, the next step is to assess their likelihood and potential impact. This helps in prioritizing which risks require more immediate attention and resources. Following assessment, risk mitigation strategies are formulated. This may include diversifying investments, using stop-loss orders, employing security measures for wallets, and staying updated with regulatory developments. Finally, the process involves continuous monitoring and review. The dynamic nature of the market necessitates regular evaluations and adjustments to the risk management strategies to ensure they remain effective over time. A proactive risk management approach can help protect assets and enhance the overall investment experience.