ADVANTAGES OF CRYPTOCURRENCY

[iloveyobit 6599]

thank you for the information , i would love you add my point of crypto advantage :

 

• Financial Freedom
• Getting rid of slavery at work
• You can work for yourself and you are not obliged to work for others

and others ..... 

[SyntaxEr. 709]

On 10/30/2019 at 4:25 PM, Rg123 said:

The advantage of cryptocurrency first its taxless because this is decentralize and the tax is only for the government and lastly it is convenient because you dont need to come to the person who will you get paid, you can transact online.

Yeah you are right crypto was taxless but some governments are trying to exploit crypto and even worse they are banning it. 

[khan22 3478]

On 10/30/2019 at 1:25 PM, Rg123 said:

The advantage of cryptocurrency first its taxless because this is decentralize and the tax is only for the government and lastly it is convenient because you dont need to come to the person who will you getting paid, you can transact online.

Crypto is a taxless and this is good for us and if we send our money to another person we can pay so many tax from one country to another country but if we use the BTC or an other crypto coin than we can just pay small fee of sending and in just a small time another person will received it safely.

[lcm 172]

Many more advantages to come, because devs can create new functionalities on top of bitcoin or other cryptos. But the main feature is decentralizacion.

[Sagor 500]

Crypto is the most profitable place and no need to give any tax . mainly anyone can easily store his asset in his wallet and no one cant know about it.

[patitaycute 648]

For me the main advantage of crypto currency was there no government that regulates of every transactions and no tax are being applied. The security is a must always to be survive in the industry 

[andrehol 16294]

I believe the main convenience of cryptocurrencies is the ability to transfer using only a smartphone or computer. Without visiting banks. No taxes.

[Saifchy 94]

There are numerous advantage of crypto currency. The advantage are immens.. we can do many things like cloud mining and many more.By which we will bs profitable. 

[Aereen 456]

There are a lot of advantages of the creation of cryptocurrencies and of the cryptoworld, a lot has been given chances in life and to be employed as well. 

[Shahud 1319]

there are alot of advantages of crytocurrency ..

with the help of cryptocurrency and crypto market everyone can fullfill their dreams in a very shortest duration of time.

and the main advantage of the cryptocurrecy is it is taxless and decentrailised .

 

[Tasrif Hossain 271]

Huge of amount crypto currency advantage . This advantage not explain in 2,3 line. But in my opinion main point I am include this paragraph. I think crypto currency based on blockchain technology and this is very secure and this time this technology unbreakable and unhackable . This is the main thing.

[Fatihgani12 348]

For convenience and speed of this transaction is very helpful, hopefully in the future it will get better and more useful.

[Oxygen 1004]

Yes there are benefits more than this post. but peoples are taking more time to understand and waiting to jump in crypto currencies.

[Sahbana 212]

Everything you say is true that cryptocurrency has all these advantages. I really like the advantages of cryptocurrency that can do transactions without third parties like banks and I like the value of cryptocurrency that is free from taxes.

[Yanadia 1517]

The advantages of cryptocurrency are in accordance with the purpose of its creator. I agree with your tread.  What I really like is the ease of dealing with the decentralization is really a convenience for us ordinary people in a complicated bureaucracy.hope this never be changed

[vynz 540]

One of the major advantages of cryptocurrency is the convenience of use, like transferring money to your account, investing and earning money. Using the blockchain technology it ensures the safety of the transactions and securely. 

[Ankit Nepal 719]

On 10/30/2019 at 2:05 PM, mkashif007 said:

Since the inception of crypto currencies, many has given their points of view in favor and in against the use of these currencies. It is regarded as a financial means of trading between the partners to reduce time, cost and enhance security and secrecy of a transaction. Few regard it as a means to support ransom ware activities, terrorism and many illegal
transaction as there is no third party involvement and there is no data available for the others to have a look at.

Here we are going to know about the advantages of crypto currency:

Transactions
One of the primary advantage of crypto currency is that only participants are involved in this transactions no other third party I involved and thus cutting down the external
authority control over the approvals and transactions. In short it cuts down the long chain of middle men involved in the transactions. This helps in establishing a clear record of
audit trails, Rear confusion between the payer and payee, and higher accountability between the transacting parties.

Asset Transfers
Crypto currency reduces the channels involved thus, making the ultimate owner a legitimate person to transfer the assets without taking the approval from anybody else
which enhances the transaction process and reduces the time, cost involved in the transaction and making it to reach the specified person on specified time.

More Confidential Transactions
As crypto currency involves no other third authority so it also minimizes the load of having multiple database of the parties and thus maintains the secrecy of the account holder, which is not possible in case of bank /cash/card payments. Where one has to release all the cheques or other accounting details to the bank for making a transaction.

Transaction Fees
Transaction fee is not applied in ccryptocurrency transfer. Generally the number crunching companies which generate the BITCOINS do not apply any fee for transacting and money.

Greater Access to Credit

Today everyone has the excess to the digital world and many companies are providing easy access to the Digital data transfer .with the help of .internet .facilitating the exchange in crypto currencies. Making it easier for anyone to become a potential buyer or seller for crypto currency using these websites. and portals..

Easier International Trade
Cryptocurrecy are regarded as the unrecognized means of legal tender on national levels at present, crypto currencies by their very nature do not involve the exchange  rates,Interset rates, transaction fee, levied by the specific country..

Individual Ownership
The most important advantage of crypto currency is that unless you give the authority to the third person you remain the sole Owner of your Wallet for holding the private and public keys that make up the owners networks identity or address.

Adaptability
There are currently over 1200 unique crypto currencies in circulation worldwide. Many are quite ephemeral, but a significant proportion has been generated for the specific use  that describe the flexibility of the crypto currency phenomenon.

Strong Security
Since the Crypto currency has two keys which are operated by the owner thus ig t ensures higher security.

Cryptocurrencies are good assets for earning. They give you a online job to do. The living standard is improved. You don't need manpower to operate. It is simply the best.

[duncun007 3577]

58 minutes ago, vynz said:

One of the major advantages of cryptocurrency is the convenience of use, like transferring money to your account, investing and earning money. Using the blockchain technology it ensures the safety of the transactions and securely. 

the security of the transaction is the reason why we use bitcoin and its the reason why governments dont like it because they need to be the ones who see your money and where you use it. bitcoin gives us privacy that we cant find anywhere else.

[xprince1996 865]

2 hours ago, huyasdad08 said:

many advantages of cryptocurrencies such as no tax, fast payment, much price increase ... and you can make money from them

Not all countries have 0 tax on crypto because some countries have tax law to cryptocurrency like the US. I tthink those country that doesnt have a tax law to it are lucky because they gaining a pure solid profit.

[aqua 773]

We know that cryptocurrency has many advantages that will help us to manage our coins, and we don't need third parties to take care of our coins. If you save your coins in the private wallet, you don't have to pay any tax as if you save your money in the banks. You will be able to send and receive the coins into another wallet without paying a high fee, and you will see that the transaction will be completed in a short time.

[tariqul 566]

There are many benefits to cryptocurrency transactions. The biggest benefit is that they can be traded very easily.With cryptocurrency we can pay the price of the product very easily.Cryptocurrency transactions are much easier and faster

[Roomi 1119]

Advantages of crypto currency are not hidden from anyone. Who have well knowledge about crypto knows the advantages of crypto currencies. But its hard to trust for new ones

[Kuroashii 181]

The main point for me I think is that, cryptocurrency being decentralized made it secure from the hands of the government thus, making it taxless which is what investors here are after.

[bliznec 22267]

The benefits of exchanging, withdrawing and transferring crypto are far superior. These updates that go through the most research crypto transfer transactions. 

[rajonmia 181]

Another great benefit of using cryptocurrency, especially when purchasing real property, is that digital currency can help eliminate expensive brokers, lawyers, and other typical “middlemen” who inevitably raise the costs of already expensive transactions.