There are many reasons why would you invest in cryptocurrency. There are some people who are not agreeing with this type of currency as they think that there are a lot of information about it that are very technical and not easy to comprehend.
True that it is not the same as the usual legal tender but, there are many reasons why it is highly recommended that you consider investing and using cryptocurrency. To help you get to know more about cryptocurrency, here are the benefits to keep in mind.
Cryptocurrencies do not come with name tags. No one will know if who owns what unless the owner claims it. Some are more confident transacting using cryptocurrency as they know that their name will never be announced.
No one will tag them rich, as the cryptocurrency they own is not named after them. Unlike banks where you have to announce your address, email address, phone number and name when opening an account and when transacting using it.
- Faster transaction
When you are looking at bank to bank transactions, clearing time is required before money is fully transferred to an account. In cryptocurrency, it takes minutes even seconds to do so. But of course, different currencies have different time frames, but needless to say, there are currencies where transaction is done real time.
There are a lot of opportunities when you consider cryptocurrencies. Investing on it is highly recommended as its market, together with its value, continuously increase. Working on a day job can be rewarding but if there is a way to increase what you are currently earning, why not, right?
But needless to say, due to the volatility, those who do not have a brave heart seeing their investment swinging up and down, are not encouraged to invest here.
- Everyone can access it
Banks have a lot of limitations, regulations and policies, and with this, not everyone is qualified and permitted to transact through them. Cryptocurrencies on the other hand choose no age, gender, race or nationality. It is available all over the world, and everyone is free to grab their share as they please.
It is considered universal, as in terms of accessibility, it’s for everyone.
- Lower transaction fees
Sending money to your loved one overseas can be very expensive, but with cryptocurrency, it is not only faster but cheaper too. Instead of paying huge transaction fees, might as well give it to your loved ones. The transaction fee of cryptocurrency, compared to usual remittance options, is far cheaper.
- It is available 24/7
Yes, it is available 24 hours a day, 7 days in a week. Time is on your side when you consider cryptocurrency. Wherever you are in the world, you are free to access your wallet any time of the day. Also, the trading action in cryptocurrency is 24/7 hence whenever you want to invest or trade, you can do so.
Provided that you know the right ways to trade, you are in good hands in cryptocurrency. Consulting professionals in this field, like Bret Talley in digital media, is a good choice.