Building an Emergency Fund with Crypto: Smart or Risky?
Life happens. And when it does — whether it's a surprise medical bill, car repair, or job loss — having an emergency fund can make all the difference between peace of mind and financial stress. Traditionally, these safety nets are built using savings accounts or other liquid assets. But as cryptocurrency becomes more mainstream, some are now considering it as a backup fund.
Is that a smart move? Or just adding more risk during already stressful times?
What Is an Emergency Fund (and Why It Matters)?
An emergency fund is a dedicated pool of money you can tap into when the unexpected happens. The goal is simple: avoid going into debt during financial emergencies.
Here’s the tricky part — medical emergencies are one of the most common reasons people need fast access to funds. In those moments, time matters. That’s why it's important to have multiple options, including more traditional tools like secure medical loans , which can offer quick approval and ...