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Crypto currency is a type of digital asset that uses cryptography to secure its transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control.
- Cheaper than international transfers
If you've ever had to send money abroad, you know how expensive it can be. With crypto currency, you can avoid those high fees by using a decentralized system. That means your money goes directly to the person you're sending it to, without any middlemen.
You're in control of your own money (five sentences)
With a traditional bank, you have to trust that they will keep your money safe and accessible. But with crypto currency, you are the one in control.
- Decentralized = secure
Cryptocurrency is digital money that uses cryptography to secure its transactions and to control the creation of new units. Cryptocurrency is decentralized, meaning it is not subject to government or financial institution control. This decentralization makes cryptocurrency more secure than traditional fiat currency.
- Fast and reliable payments
Cryptocurrency is a digital or virtual asset designed to work as a medium of exchange. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, was created in 2009. Cryptocurrencies are often traded on decentralized exchanges and can also be used to purchase goods and services.
- Good investment opportunities
Cryptocurrency is still in its infancy, which means there are plenty of good investment opportunities available. For example, Bitcoin – the first and most well-known cryptocurrency – is still relatively new, which means it has a lot of room to grow.
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