Digital currency or as you call it cryptocurrency has been around for quite some time now and slowly it is gaining immense popularity in the eyes of people. World has been always open to changes and with this entire hike around technology and digitalization apart from our phones another thing that has gone digital is the currency.
Yes, you heard it right! Gone are the days when people used to invest their hard earned paper currency in stock-market with a hope of earning a lot of profit. Paper currency is the old form of investment, digital currency is in!
There is not one but many of cryptocurrencies that were launched by smart developers one after other. The creators of most remain anonymous. Bitcoin, Altcoin, Ether, Dash, Litcoin and Ripple are the cryptocurrencies to name a few. Bitcoin is the most famous among all and people invest mostly in Bitcoin cryptocurrency.
Still many people fail to understand what this hype around Bitcoin is and why is it beneficial to invest in it? If you too are going through the same dilemma you are in the right place! In this article I will discuss what are the advantages of investing in crypto-currency?
So what are you waiting for? Just sit back and read.
- Fraud: Cryptocurrencies square measure digital and can’t be counterfeited or reversed willy-nilly by the sender, like MasterCard charge-backs.
- Identity Theft: Once you provide your MasterCard to a businessperson, you provide him or her access to your full credit line, though the dealings are for a tiny low quantity. Credit cards treat a “pull” basis, wherever the shop initiates the payment and pulls the selected quantity from your account. Cryptocurrency use a “push” mechanism that enables the cryptocurrency holder to send precisely what he or she needs to the businessperson or recipient with no more data
- Quick Settlement: Getting property usually involves variety of third parties, delays, and payment of fees. In many ways, the cryptocurrency blockchain is sort of large property rights info. Bitcoin is not controlled by any third party like fiat currency that is controlled by banks and government, so there you don’t need any third party for transactions and can make really quick and easy transactions.
- Available for Everyone: There are 2 billion people with access to the net or mobile phones who don’t presently have access to any kind of exchange systems. These people square measure ready for the Cryptocurrency market. Kenya’s M-PESA system, a mobile phone-based cash transfer and micros funding service recently proclaimed a Bitcoin device, with one in 3 Kenyans currently owning a Bitcoin wallet.
Lesser Fees: traders typically dealings fees for cryptocurrency exchanges as a result of the miners are paid by the network. Despite the fact that there’s no Bitcoin dealings fee, several expect that the majority users can interact a third-party service, like Coinbase, making and maintaining their own Bitcoin wallets. These services act like PayPal will for money or MasterCard users, providing the web exchange system for Bitcoin, and per se, they’re seemingly to charge fees. It’s attention-grabbing to notice that PayPal doesn’t settle for or transfer bitcoins.
So, these are some of the benefits of trading in cryptocurrency. Hope this article provided you with the sufficient information and benefits regarding crypto-trading. So, what are you waiting for? Register to Bitcoin software trading bot and start trading today!