Four advantages of cryptocurrency/beginner’s guide to crypto.

Cryptocurrencies are taking the world by storm. With such a quick pacing technology, it becomes difficult for beginners to understand where to start.

WHAT IS CRYPTOCURRENCY ?

cryptocurrency is a type of money that only exists computerized—digital money if you will. The technology behind it aims to solve some of the most crucial pain points about traditional banknotes.

4 ADVANTAGES OF CRYPTOCURRENCY

1. Growing investment opportunity

2. Cheaper and faster transaction

3. Confidential and secured transactions 

4. Financial freedom for the ones who are unbanked

1. Growing investment opportunity

Despite being a developing technology, the cryptocurrency industry boasts a market capitalization of more than $ 2 trillion. It is an immensely profit-making industry and even institutional investors have started investing in the crypto industry.

2. Cheaper and faster transaction

Instead of having to go through all the permissibility and dispensable steps when sending money to another person, a crypto transfer is relatively simple and easy to use. This makes the entire process quickly and easy.

3. Confidential and secured transactions

Any transaction done with cryptocurrency is easy, safe, and some are even anonymous. Theft, fraud, or tracking of finance activities stands no chance.

4. Financial freedom for the ones who are unbanked

All around the world, there are 7billion unbanked people, which means they have no account with any financial institution. The main reason for this is the strict application requirements from the banks. Since that does not exist with cryptocurrency, investors can easily make their accounts.

Where to learn Cryptocurrency?

What is a cryptocurrency and what are the advantages of investing in cryptocurrency. There are many resources that are not as useful. What more a beginner can do to learn more about cryptocurrency is to stay updated with the latest cryptocurrency news around the global community with Bitdenex. Start your investment journey with Bitdenex, it is the simplest and safest Cryptocurrency and Bitcoin Exchange.