Crypto transactions are easy, low cost & private. It can be done with a smartphone app, hardware, or an exchange wallet.
2. Relatively Secure
Cryptos use cryptography & blockchain to secure payments, making them secure & reliable. This security is a major advantage for users.
3. Short Settlement Times and Low Fees
Most cryptocurrencies settle payments within minutes or even seconds with low fees, while bank wire transfers typically take 3-5 business days and cost more.
4. Exponential Industry Growth
The cryptocurrency market has been one of the most rapidly expanding sectors in recent history.
5. Cryptocurrencies protect from inflation
Limited supply helps keep prices stable. Bitcoin has a hard cap and other coins use mechanisms to limit supply, making them a hedge against inflation.
6. The Potential for High Profits
Bitcoin debuted in 2009 with no value. it gradually rose to fractions of a penny and then to tens of thousands of dollars in just a few years.
7. Always-Open Markets
Crypto markets open 24/7. Trading can be interrupted only by power, internet, or exchange outages.
8. More Private Transactions
Crypto Transactions on the blockchain are pseudonymous, meaning they are associated with a wallet address, but do not contain any personally identifiable information.
9. Transactional Freedom
Cryptocurrency allows two parties to exchange value without the need for a third-party intermediary.
10. Cross-Border Payments
Cryptocurrencies ignore national boundaries, allowing individuals to send coins to someone in another country with ease.