Advantages of Cryptocurrency

[nagatraju]

it's very cool that it's decentralized and there are no options for error...it's bribing me

[klebsiella]

Because of its anonymity, no personal information is attached in every transaction, that makes it secured, protecting your identity and from fraud. No chargebacks unlike credit cards. It can not be frozen unlike the money in our banks. It has no boundaries, geographically, you can use it no matter where you are, no need of money transfers or exchange of currency.

[Trixie28]

You may read this article abount crypto currency with their cons and pros .
You may click on this : https://www.google.com.ph/amp/s/coinpupil.com/altcoins/advantages-disadvantages-of-cryptocurrency/amp/

[solarion]

Because of its anonymity, no personal information is attached in every transaction, that makes it secured, protecting your identity and from fraud. No chargebacks unlike credit cards. It can not be frozen unlike the money in our banks. It has no boundaries, geographically, you can use it no matter where you are, no need of money transfers or exchange of currency.

Since it is decentralized currency no one can control the transaction that is the reason we will find the transaction anonymous and cannot be returned. You please make that you are making transaction to perfect address you want to do. Then you won't find any hassle in the every transaction.
If you transfer the fund to the next country or the person next to you both will confirm the same fees. I t will bother the banking and international exchanges but consumers will get help because of it.

[Leopardon29]

That's a very helpful guide. By the way, I see Cryptocurrency as a convenient , cheap, and quick way of transferring money globally.

[Blueblade]

Make money quickly. Any money in the world can be changed.ATM, ID,money no need to use in places where crypto currency is used when traveling outside and abroad.Easy to use anywhere in the world.Internet is enough to use crypto currency anywhere.

[energycom]

Very well thread with good explanation about cryptocurrencies.

I also want to add one more thing which is high volatility and price fluctuation. It's not like traditional stock markets and price movements could result in failure and bankrupt actually. Be careful for this!

[iamabasicboy]

8. No chargebacks – Once you made the payment, you cannot chargeback. This considerably depletes the chances of a fraud. Once the transfer has completed, it cannot reverse. Nobody can file chargeback like you can on credit cards. It has it’s cons but can be an advantage also.

This is the full point of betterment in regards of other e-payments online which are linked with Credit Cards company's once you'd made a payment with a credit card it may be chargebacked up to 180 days.

[cryptomorphines]

The reason why i joined cryptocurrency is to have my privacy,anonymity is one of my checklist transact without being detected.

[Noore Najjar]

Advantages of Cryptocurrency:

1. Easy access – Cryptocurrency is readily available to the general public. Almost anyone can make use of it. It is a decentralized operation and investors from all over the world have easy access to them. You can find various projects trying to raise funds through cryptocurrency. Almost anyone that can make online fund transfers can become part of such projects.

2. Quick and easy payments – Making payments using cryptocurrency is very easy.  You can do it in just a matter of a few seconds. It is very fast because you don’t require to feed many details, you don’t even need to enter your credit/debit card details. All you need is the address of the wallet of the person or enterprise to whom you wish to make the payment too. The amount shall credit to the receiver within few seconds to a few minutes depending on the crypto. The ease of transfer and the low transaction fees makes it very desirable.

3. Costs less – Transferring money by using any other online forum or bank gateway is expensive as they levy considerable fees for the transaction. Credit card processing companies charge hefty fees. But it is not the case with cryptocurrency as the costs are nil or negligible. With credit cards or debit cards, the seller is the one paying a fee but for crypto’s, it is the buyer paying the small fee.

4. Private – You don’t need to share your identity or whereabouts or the details of the transactions made between you and the beneficiary. No information required to share with the government and the bank regarding the deal. It is truly decentralized.

5. Highly secured – All your transactions will be secure as it is using NSA created cryptography. It is next to impossible for any person other than the owner of the wallet to make any payment from the wallet, unless they were hacked which there are many ways to protect yourself from.

6. Remain anonymous – Some coins can help you stay anonymous but contrary to popular belief, not all of them can. Bitcoin is pseudonymous which means people won’t know exactly who you are on the blockchain but they can get some information from it.

7. Your details are safe – Nobody can steal your personal information from merchants, which ensures the privacy of your sensitive data. By creating a proxy ID, you can make sure that no one knows anything about you.

8. No chargebacks – Once you made the payment, you cannot chargeback. This considerably depletes the chances of a fraud. Once the transfer has completed, it cannot reverse. Nobody can file chargeback like you can on credit cards. It has it’s cons but can be an advantage also.

9. No third party – You are the master of your money. You can keep it in your wallet and use it as per your wishes. There is no third party involved like a bank on whom you need to trust.

10. No boundaries – When you talk about transactions using cryptocurrencies then there are no limits. You may be in a different part of the world and the receiver might be some other hemisphere, you can still transfer the amount without any hassle. The inter-country transaction is extremely easy with cryptocurrency because its function is not under the control of any central bank.

lower Fees ofc : there aren’t Typically transaction fees for cryptocurrency exchanges a result the miners need adjusted by those organize (Side note: this is the the event to now). Despite the fact that there’s no bitcoin/cryptocurrency transaction fee, a lot of people hope that A large portion clients will captivate An third-party service, for example, Coinbase, making Furthermore administering their bitcoin wallets.

[Vicky22]

I learned more about advantages of Cryptocurrency but there are few disadvantages as well such as losing coins to hackers, scam coins, legality and many more.

[publicjud]

I guess that when some more or less advanced person try to make something with crypto (to buy smth or make a transaction) he won't deal with banks in future.

[Nana_Marini]

I think many prople know that cryptocurrency has advantages and disadventages. People has define cryptocurrency and sure that the other people also has define about it and we must respect them

[monsanto]

Advantages of Cryptocurrency:

1. Easy access – Cryptocurrency is readily available to the general public. Almost anyone can make use of it. It is a decentralized operation and investors from all over the world have easy access to them. You can find various projects trying to raise funds through cryptocurrency. Almost anyone that can make online fund transfers can become part of such projects.

2. Quick and easy payments – Making payments using cryptocurrency is very easy.  You can do it in just a matter of a few seconds. It is very fast because you don’t require to feed many details, you don’t even need to enter your credit/debit card details. All you need is the address of the wallet of the person or enterprise to whom you wish to make the payment too. The amount shall credit to the receiver within few seconds to a few minutes depending on the crypto. The ease of transfer and the low transaction fees makes it very desirable.

3. Costs less – Transferring money by using any other online forum or bank gateway is expensive as they levy considerable fees for the transaction. Credit card processing companies charge hefty fees. But it is not the case with cryptocurrency as the costs are nil or negligible. With credit cards or debit cards, the seller is the one paying a fee but for crypto’s, it is the buyer paying the small fee.

4. Private – You don’t need to share your identity or whereabouts or the details of the transactions made between you and the beneficiary. No information required to share with the government and the bank regarding the deal. It is truly decentralized.

5. Highly secured – All your transactions will be secure as it is using NSA created cryptography. It is next to impossible for any person other than the owner of the wallet to make any payment from the wallet, unless they were hacked which there are many ways to protect yourself from.

6. Remain anonymous – Some coins can help you stay anonymous but contrary to popular belief, not all of them can. Bitcoin is pseudonymous which means people won’t know exactly who you are on the blockchain but they can get some information from it.

7. Your details are safe – Nobody can steal your personal information from merchants, which ensures the privacy of your sensitive data. By creating a proxy ID, you can make sure that no one knows anything about you.

8. No chargebacks – Once you made the payment, you cannot chargeback. This considerably depletes the chances of a fraud. Once the transfer has completed, it cannot reverse. Nobody can file chargeback like you can on credit cards. It has it’s cons but can be an advantage also.

9. No third party – You are the master of your money. You can keep it in your wallet and use it as per your wishes. There is no third party involved like a bank on whom you need to trust.

10. No boundaries – When you talk about transactions using cryptocurrencies then there are no limits. You may be in a different part of the world and the receiver might be some other hemisphere, you can still transfer the amount without any hassle. The inter-country transaction is extremely easy with cryptocurrency because its function is not under the control of any central bank.

11. Hygiene - I've already read before that paper fiat currency often contains traces of cocaine. So it probably contains traces of a lot of other things. I'd guess that over time there have been a significant number of deaths from diseases transferred through paper money transactions. Converting to digital money solves this.

[Boysisig207608]

As for me cryptocurrency has many advantages compared to the financial system which we are very used to which is under the control of a central bank. If you are using cryptocurrencies you may be able to transfer and receive large amount of money in any part of the world without being noticed by the prying eyes of the government and bank authorities making your transaction untraceable and the user to be anonymous entirely.

[wayaneka]

Great post, in my personality advantages of cryptocurrency is make financial many people including me better, many poor people become rich cause jump on to cryptocurrency. Just like in my country Indonesia now cryptocurrency become booming and many people jump in it because here difficult to looking for a job, so bounty campaign program and other kind of investment in crypto really helpfull many people here.

[Onestepinhell]

Because of its anonymity, no personal information is attached in every transaction, that makes it secured, protecting your identity and from fraud. No chargebacks unlike credit cards. It can not be frozen unlike the money in our banks. It has no boundaries, geographically, you can use it no matter where you are, no need of money transfers or exchange of currency.

Yes, I agree that you will not have to convert from the dollar to another currency. And there is a double conversion. So there are a lot of advantages for crypto currency.

[9tails]

Advantage of crytocurrency. Easy to access and easy to pay you're bills and you don't have to go to you're destination

[Allura74]

Because of its anonymity, no personal information is attached in every transaction, that makes it secured, protecting your identity and from fraud. No chargebacks unlike credit cards. It can not be frozen unlike the money in our banks. It has no boundaries, geographically, you can use it no matter where you are, no need of money transfers or exchange of currency.

Yes, I agree that you will not have to convert from the dollar to another currency. And there is a double conversion. So there are a lot of advantages for crypto currency.

Yes, its true but aside from that i think the best advantage of cryptocurrency is being a decentralized system and it cannot be controlled by other party and we can transact it anonymously and its security is high in terms of money security and we can convert it in any kind of money so its like a universal money, but its value trend is what i like it most.

[inyakizuryel]

For me the advantage of cryptocurrency is that when it comes to payments andn billings it is very to pay your bills that is for me the best advantage in this kind of industry, you can read many here but i cited only for me the best