The Great Benefits of Cryptocurrency
As with anything, people always want to know what the benefits are. After all, what good is something if it doesn’t have benefits that live up to the hype? Over the past several years, cryptocurrency has been achieving a lot of attention from the public eye and it is still gaining popularity at an astonishing rate.
It is said that the world is becoming economically unsafe alarmingly quick, so this is not to say that there is no growth, but it is fairly fragile. So, let’s get into the great benefits of cryptocurrency so that you can find out what all of this hype is about!
Identity theft
When you are paying with your credit card, you are giving someone complete access to it and you may not even recognize just how dangerous that actually is. As opposed to credit cards which operate on a pull basis, cryptocurrency works on push. This means that the cryptocurrency holder must send the exact amount that he/she wants to the merchant/recipient with no information.
Lower fees
When it comes to cryptocurrency, you don’t usually pay any transaction fees for cryptocurrency exchanged like you would with normal bank transactions. This is because miners are compensated by the network. Although, one thing to remember is the fact that even though there is no fee, many will likely look for outside help which may cost them.
Fraud
Because of the (very great) fact that cryptocurrencies are digital, they cannot be counterfeited or reversed arbitrarily by the sender like credit card chargebacks. They have a very safe and secure system that does well in preventing fraud.
It’s yours
The most important thing and the best benefit is that you own it! Every single other form of electronic cash system, such as Paypal, can take money out of your count for what they see fit, basically. For example, if they think that for whatever reason there has been misuse within your account, they will simply have the power to freeze all of your assets within the account. Does this seem fair to you?
This has happened a plethora of times and it is no lie that Paypal will try this on you at least once. It is definitely an old, well thought out, and conniving trick. Then you must go through an insatiable process to be able to unfreeze your account and even then, you may not be overly successful. However, this all changes with cryptocurrency.
When you have cryptocurrency, you have a private key and a public key that correspond to each other, they then form to make your cryptocurrency address. This means that absolutely no one can take away your unique address.
The bottom line of it all is that there are pros and cons to every single thing in life, and this is definitely one of them. However, when you take an exclusive look at the benefits alone, you do truly realize how great cryptocurrency can be. When it comes to cryptocurrency, it is more so about acceptance as opposed to technology.
A great place to join an exclusive community is Bitcoin Era. It is an exclusive, reliable, and user-friendly way to enter the world of cryptocurrency and Bitcoin alike. It is made up of a community of people who can leverage the software to earn a passive income by trading Bitcoin and many other cryptocurrencies.
You can enjoy yourself and live your best life knowing that you have a form of passive income coming in which is fully funded by the earnings you receive from trading Bitcoin with the powerful and intuitive app. Join today and you will see those same results.
