4 Great Reasons Why You Should Go With Cryptocurrencies

Cryptocurrencies are gaining more attention as people seem to understand the advantages that they offer. Traditional currencies are considered as risky as any cryptocurrency can be with the chance of government collapse, closing down banks and many other reasons. With the technology cryptocurrencies have, most of this problems can be solved. Here is why:

1. Takes No Time

Money transfer is paperless. There’s no need to say that this is also extremely eco-friendly. Millions of dollars are now able to be transferred through a decentralized blockchain network in a matter of seconds. Cryptocurrencies offer speed and efficiency. You all know that sending or receiving money from across the world can take days and the regulatory problems that occur are prolonging the process even further.

1. It is Cheap

In many sectors of the industry, users are already integrated into the paying system. The reason behind that decision is very clear. Sending your cryptocurrencies costs nothing. You do need, however, to pay additional charges when transferring Bitcoin for example through an exchange platform. These charges are seemingly lower compared to bank costs.

1. Safety

Transactions made through the blockchain are all confirmed and stored on a public ledger. All of the data is encrypted in order to maintain the legitimacy of the proclaimed safety that it offers. No one can access your personal storage except yourself, by using a private key. Governments don’t regulate it so they don’t have control over it.

1. User-Friendly

Creating an account and buying cryptocurrencies is much easier process than opening a bank account. If you would like to buy Bitcoin, for example, you open your own address in a matter of seconds. There is some waiting while you get the confirmation on which exchange platform are you allowed to buy or sell cryptocurrencies.