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Warren Buffett: Why You Should NEVER Invest In Bitcoin (UNBELIEVABLE)PayPal Buyer Protection does not apply to Cryptocurrency purchases. However, Cryptocurrency purchases are protected in the event of unauthorised activity. This right of withdrawal is intended to protect consumers who may feel pressured or misled into buying crypto-assets without fully understanding. Crypto is highly volatile, and does not have the same regulatory protections as registered securities. It's also not insured by the FDIC or protected by SIPC.