The benefits of transacting money with crypto are many. Especially it is seen that those who make cross border payments from one country to another country have to face a huge amount of hassle in making payments. Even in these cases transaction fees become a problem when payments are made from one country to another through traditional banking methods. Also we sometimes find that we have to pay transaction fees when transferring from one bank to another bank either within the country or abroad but it depends on the amount of money we are transacting. Also, it can be seen that many times these transactions are time consuming. And with that customers have to bear a lot of trouble. Although here we have banned online based digital currencies and there is no opportunity to withdraw directly from the government.

However, starting from Pitoopy, there are currently some online based sites that offer crypto withdrawals. However, other developed countries in the world have facilities ranging from remittances to crypto payments or transfers, and as a result, customers in those countries can enjoy the benefits of crypto payments. Today I will discuss these benefits with you. Some of the benefits of using cryptocurrency to withdraw or transact include-

Low Fees and Fast Transfers:

Transaction fees and fast transfer process are very important when it comes to withdrawing and transferring money. This is because transaction fees are high and the transfer process is time-consuming in conventional banking systems. In all these cases the transaction may charge a higher fee depending on the transaction amount and may take several days to process. Cross border payments in particular take a lot of time. But in all these cases cryptocurrency transactions are completed within minutes for a fraction of the cost. The most important thing is that regardless of the amount, the same amount of transaction fee is deducted. And transactions can be completed instantly which is very positive and time saving for customers.

Avoidance of currency exchange hassles:

Generally when we pay through traditional banking system we have to deal with issues related to currency exchange but on the other hand when we transact with the help of cryptocurrency we don't have to deal with issues related to currency exchange. Sending money in crypto eliminates the need to convert between fiat currencies, saving you time and any losses due to unfavorable exchange rates.

No intermediaries or bank delays:

Transactions with crypto are executed directly between sender and receiver via blockchain technology. Since these transactions are done on blockchain technology, there is no need for third parties or intermediaries. As a result, there is no role of third parties or intermediaries such as banks We don't have to sit because of bank holidays or system downtime when it comes to crypto transactions.