Advantages of Cryptocurrency

[Abdalrazig 1865]

There are lots of advantages of Crypto currencies, but the best advantages, you don't need time to do financial operations and they are tradable globally.

[GrizzlyShow 55]

On 05.03.2020 at 13:59, mikealexisj said:

I think the advantages of cryptocurrency are it being fast and reliable unlike banks when you withdraw or deposit it takes time. 

 

I think cryptocurrency will soon replace cash soon. it is more convenient and better to use. Thanks for the many interesting answers, great post.

[محمود نادي 0]

One of the advantages of cryptocurrencies is that they make you rich quickly. Also it gives a great hand to change the economic situation of a nation. But most of the nation does not adopt this currency.

[Teresa112 37]

On 3/7/2020 at 11:51 PM, Mehnil125 said:

Crypto talk is the best way for earning money and reputation for all the people around the world and also to be added that you have to do 100 comment at first days and 30 comment every day for earning money and reputation this is the advantage of crypto talk.

Cryptocurrencies have both advantages and disadvantages. As you mentioned, cryptocurrencies have a fast transaction speed because the transaction takes a few minutes to complete.  Also because of the high value of Bitcoin due to the cryptocurrency so I think someone can get a huge exchange for it. Working in this cryptocurrency I have been able to benefit quickly.  Thanks.

[kotto19 49]

There are many more advantages such as the convenience of moving all your money from one place to another without having to notify any governing body, add the network of services that brings speed, effectiveness and liquidation at all times. greetings friend

[Hira Jira 29]

Cryptocurrency have low transaction fees and provide greatest security. Most of countries global payment is not supported so cryptocurrency can be use for global payment.

[Orlandito 58]

Using cryptocurrencies brings many advantages, I can list some for you:

-The transactions are faster than traditional bank transfers.

-The fees and taxes are minimal.

-There are no intermediaries in the transaction.

-The transactions are completely private and secure.

-The way to do the transaction is very simple.

[DMvik 53]

On 05.03.2020 at 11:59, mikealexisj said:

I think the advantages of cryptocurrency are it being fast and reliable unlike banks when you withdraw or deposit it takes time. 

I think the main advantage of cryptocurrencies is that this is your property and no one can block it, unlike the banking sector, where funds are stored but they are not yours, yes, you can use them, but at any moment they can freeze the account.

[FspaceOrion 41]

On 3/5/2020 at 11:59 AM, mikealexisj said:

I think the advantages of cryptocurrency are it being fast and reliable unlike banks when you withdraw or deposit it takes time. 

Cryptocurrency is not just a financial instrument. It’s also a technology. Any benefits it offers are only possible because of the strength of the technology that underpins it because it works.

[Waltee 93]

Too many advantages to list here but my favourite is the community, it really is a community of like minded people you converse with everyday, especially if you use Yobit. It’s also like another world where you can invest, almost a pretend world, it’s more like a video game than reality to me personally. Making money you can bring back to the real world is always nice too.

[majeron 88]

Cryptocurrency eliminates borders. We can transfer anywhere in the world from where we live. this transfer arrives very quickly. Apart from that, it contributes to financial freedom.

[mehmetdalkiran0 83]

Easy transactions.

Asset transfers.

Confidental transactions.

Give access to credit.

Hold ownership.

Strong security.

Decentralized.

[gladiolusonwind 84]

Cryptocurrencies allow users to make fast and secure transactions. When using cryptocurrency, it is possible to remain completely confidential, even despite the openness of the blockchain registry. Cryptocurrencies are decentralized and do not have a specific governing body, which makes coin holders their sole owner. Cryptocurrency transactions have low transaction costs. Everyone can start mining and start making money on mining cryptocurrencies. The cryptocurrency market is at the stage of formation, which makes it an attractive area for investment with the prospect of high returns. All transactions are added to blocks and are immutable to prevent tampering. Cryptocurrencies are securely protected by a cryptographic method. The blockchain registry cannot be changed, and coins cannot be counterfeited. During the entire existence of Bitcoin, not a single hack has been recorded.

[Kaytom 31]

There are a lot of advantages,  one of them is the security they provide,  for example bitcoin has never been hacked i doubt  i will someday, other advantage is that you can earn profit with it by trading. 

[RingOfSaturn 34]

 Some cryptocurrencies are recognized and valued as assets. For example, Bitcoin in the cryptocurrency space plays the role of gold. It is believed that it is profitable to keep capital in it.

 

 The value of the currency. It is known that even currencies issued by central banks have some kind of capitalization. It is equal to the value of all banknotes in circulation. This indicator is also important for cryptocurrencies.

[Arondy 110]

I think the best way to income daily is to through this forum. But other than that Yobit offers good projects investment in investbox. And by seeing those projects,any user can get attracted and those investment plans also offers good profits on daily basis or monthly basis. So that's how you can earn. And also you can get free coins from Yobit.

[prabesh2058 171]

I think advantage may be its fast and secure .We can also transact anonymously . It has low transaction rate and not effected by the currency echange rate and other factors.

[Ammyvirk01 31]

The biggest advantage of crypto currency is you can just earn by sitting at your home even in the pandemic.

and this corona virus also taught us that don't depend upon one source of income ever, built your 2-3 sources of income to live a life tension free

Have a great day

[KainVrn 88]

Hey. I completely agree with you. Cryptocurrency is the future. For example XRP works much faster. Some people even say that cryptocurrency will replace real money in the near future. And what do you think?

[kedoserz4 32]

There are lots of pros but also cons. Best scenerio, you can be rich in a day, sometimes you have that opportunity. There is no any other investment method outhere which could make you rich in a one day like cryptocurrincies. But opposite, you can lose all your money in a one day too. 

[Enrique77 50]

On 3/5/2020 at 5:59 AM, mikealexisj said:

think the advantages of cryptocurrency are it being fast and reliable unlike banks when you withdraw or deposit it takes time. 

 

I think you are correct, one of the great advantages of cryptocurrencies is how easy and fast the transactions are executed on the blockchain, currently it can take 1 or 2 minutes for the coins you transferred to arrive. On the other hand, when you make a bank transfer it can take days to be credited, at least in my country, in Argentina it can take up to three days to receive the confirmation of a bank transaction. In addition to that, the confidence that cryptocurrencies give you is that you own your own coins and no one can use them for you, or send them on your behalf. It's the best in this world

[Yoanny 232]

I believe that one of the fundamental advantages is the freedom to not be tied to a financial institution or country that can rule.

[Uda4nik 19]

The world quickly and with a small transfer commission against high commissions in banks and many other benefits.

[skynguyen 54]

Bitcoin appeared to bring real revolution on the internet. Bitcoin has heavily influenced the global financial system

[kengman 34]

The birth of bitcoin was accompanied by distrust of finance system which is being dominated by central banks and policy makers post financial crisis. Now that the economical cycle has once again reached its crossroad, whether bitcoin will ultimately prevail depends on a series of variables, so the fate of bitcoin is also once again at its crossroad. It is fairly to say, we are making histories. We are here to last not here to gamble.