Cryptocurrency is a boon for those who are willing to earn a huge amount of profit. Cryptocurrency is a modern alternative to traditional ways of currency such as cash and credit cards.A lot many times crypto-currency is considered a medium for fraudulent, but it is known to all that crypto currency can make you rich overnight. Here are some of the advantages as listed by the Cryptocurrency News:
Advantages of Crypto-currency:
- Easy Transaction: In traditional methods of transaction, a lot many times complications arise, there is paper work, involvement of commission and brokerage fees etc. But cryptocurrency eliminates all the complications and allows straightforward transactions.
Major advantage of crypto currency is that it is one to one transaction and no middle man or medium is needed in between to complete the transaction.
- More confidential transfers: In the traditional method of transaction your history is recorded be it in bank or credit card agencies. Because your transaction history is not public in cryptocurrency, It maintains the privacy of dealers.
- Transaction Fees: Your bank charges a heavy amount of transaction fees every month for writing checks, transferring money and maintaining your accounts.If you are performing a lot of transactions in a month, the transaction fees increases per transaction.
You’ll be glad to know the cryptocurrency does not include a lot of transaction fees, in most of the transactions, the transaction fees are nil. Even if you hire someone to manage your cryptocurrency, the fees of maintenance is very low, at least lesser than charges levied by banks and credit agencies.
- Easy access to international trade: As cryptocurrency has no legal norms made in every country. There are no transaction charges, interest rates or other taxes imposed on cryptocurrency. This makes it easier to transact in the international market and be a part of globalisation.
- Individual ownership: in the traditional banking system you rely on third parties for your money, you don’t have entire ownership of your own money. Your bank can do anything with your money.
The greatest advantage of all the above mentioned advantages is that you have sole ownership of your cryptocurrency. You know where your cryptocurrency is and what is happening with it.
- Adaptability: In total there are about 6700 cryptocurrencies available in the market worldwide according to Latest Cryptocurrency News.
Users interested in cryptocurrency have a huge number of options available to choose from. A person can choose any of the suitable crypto currency in which he is convenient with and enjoy the perks of it.