Since its inception in the late 2000s, indeed it can be said that cryptocurrency has come a long way. From what used to just be a few dollars, the value of certain virtual currencies have already reached several thousands, and a lot of countries have also expressed interest in these Kripto Para. Also, from just 1 cryptocurrency, specifically, Bitcoin, it has increased to more than 1,500 through the years as well. What are some of the other reasons for you to love cryptocurrency to invest in it? Let’s find out below.
Unlike a lot of fiat currency, the food thing about cryptocurrency is that transaction fees are extremely minimal. Usually, there even are some platforms that charge zero for various transactions. This is because, most of the time, miners are compensated by the network. This is a far cry from processors of online payments, such as PayPal, Stripe, and the like. This allows for more cash intended for investments.
The decentralization and encryption are things that allow you to trust cryptocurrency even more. This is because instead of putting your trust on people, you “trust the math” to keep your accounts safe and secure. There is hardly ever a chance that the account will be compromised to some extent.
Private and Anonymous
Unlike the typical bank that requests for identifications of some sort, the good thing about Cryptocurrency is that it allows you to remain anonymous. It’s almost similar to the “dark web”, and it is not possible to connect the real world identity of users, even if the transactions can still be easily traced. External parties, in the process, are barred from knowing your transactions like investments and purchases, which helps to make sure that you are safe. This pseudonymous feature is also a reason for you to Love cryptocurrency.