Advantages of Cryptocurrency

[setupbounds]

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

The best advantage of crypto currency is this that it has provided a home based job t hundreds of thousands people and they are making a handsome money in their homes.

The other advantage is this that crypto investment needs no struggle, no hardships no tension, just buy and hold them for some time and when you need money you can see them out for a big price. The price of very crypto is growing and the investors are making money while doing exactly nothing.

[Minecache]

The most important advantages of the crypto currency are decentralization, deflation, quick payments, high volatility, constant price growth at the moment and in the near future. I guess these things mostly attract professional investors and even common people to crypto market.

[sky2moon]

I like the advantages of the crypto currency, the decentralization and privacy. The only bad things is if your lose your private key then you will lose everything. So must keep your private key at the safe place.

[Boybugwal760820]

Certainly many investors and users are attracted to using cryptocurrency because of the advantages it provides to its users in which if you are transferring a large sum of money to another country you will not be tax and you will only pay for a minimal fee so your transaction cost less and most of all you are not required to fill up information about your transactions.

[Guryon_master]

Disadvantages of Cryptocurrency

1. Difficult to understand – Cryptocurrencies are relatively new and come with a learning curve. People end up investing without proper knowledge and lose money to something they did not learn about.
2. Lack of knowledge – People are not aware of how to use cryptocurrency and hence open themselves to hacker. The technology is somewhat complex and therefore one needs to be mindful of it before investing.
3. Not accepted widely – Not many websites and companies accept digital currencies yet. Very few countries have legalized the use of cryptocurrencies. It makes it impractical for everyday use. Due to lack of acceptance, before buying or investing online or offline, you need to make sure that it’s accepted at that place where you want to use it. Although it is slowly getting the acceptance around the world, it will take time to take the idea entirely out of the shadows.
4. Can lose your wallet – There is a possibility of losing your wallet. If you have stored the money in the form of digital currency on your phone or computer, you better remember your password and not lose those devices. Losing your coins means you won’t be able to retrieve it, even with the help of legal assistance so that is just one of Bitcoins flaws.
5. No way to reverse the payment – If you mistakenly pay someone by using cryptocurrency, then there is no way to get a refund of the amount paid. All you can do is to ask the person for a refund and if your request is turned down, then just forget about the money.
6. Uncertainty – Since cryptocurrencies are so new, they are also very volatile. This is one of the main reasons mass adoption is taking longer than it should. Many corporations don’t want to deal with a form of money that is going to go through huge swings in volatility.

This one is good to be posted here, it balances the advantages that were mentioned above. Without this one posted here I think those advantages will become a face of disappointment from the one who are new here expecting all those advantages are the only existing with not examining or knowing the disadvantages. Thanks buddy.

[SOHAIB BAIG]

So much advantages of cryptocurrencies like
EASY TRANSFER OF MONEY
SECURED TRANSFER
RAPID GROWTH OF INVESTMENT
HUGH RETURNS
and so much other advantages as well

[max6575]

the mechanism with the technical system but the use on extent might works within sphere as the qualification on numbers with the unit of abbreviation,
as referring might the selection of study along with the following of priors to enter with the field of the crypto finance with the arbititrage exchange.

[Jigsawman082076]

Many users and investors are quite attracted to the advantages being offered by cryptocurrencies nowadays because it give them complete freedom to all their transaction dealings to any individuals out there such as they can transfer and received money or funding in any part of the world, and not to mention the minimal fee it demands to its users.

[valnd]

I agree with your article. Cryptocurrency  have changed the world with big brands and country looking to join Cryptocurrency.
Cryptocurrency  have really remove the autonomous in so many industry because of the decentralize mechanize. this year will witness
more Cryptocurrency  rise as more project will be done.

[pinoyden]

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

The best advantage of crypto currency is this that it has provided a home based job t hundreds of thousands people and they are making a handsome money in their homes.

The other advantage is this that crypto investment needs no struggle, no hardships no tension, just buy and hold them for some time and when you need money you can see them out for a big price. The price of very crypto is growing and the investors are making money while doing exactly nothing.

lol no, that is not the real purpose and advantage of cryptocurrency on why it was built. the main reason why cryptos are developed is because they want to have a currency that is much better than money or any other payment methods out there without the need of exposing your own identity and other important details and infos to the public. this is is to avoid hassle and the possiblity of getting hacked. but these is just some of the other usage of cyrpto's because cryptos can also be used on other forms of income oppurtunity like mining ,  trading , investing , etc.

[Zero1One0]

I love the cross-border payment without going to banks. Recently, bought a gift for someone abroad and paid my friend who bought it using Litecoin.

[geyayy]

I agree with all the advantages you have listed. I am not that patient person when it comes on waiting, so I so love that in crypto currency payments it has a fast transaction processes and you can even send anonymously.

[appleyard]

Thank you for this information i agree that this are the advantages and disadvantages of crytocurrency. i am in the stage of learning more about crypto coins tokens etc. this a good help to understand more about digital currency this is a good topic to discussed with my classmates and friend to be able to them to understand what is cryto is all about.

[mrcastelo]

There are many advantages of cryptocurrency, they are easy to use, decentralized, low transaction fees especially for remittances and bills payment. But there are also disadvantages like prone to hacking and high volatility.

[mariah.sadio]

I agree with the advantages of cryptocurrency you listed from your topic. Cryptocurrency changed the way people live. Cryptocurrencies are one of the products of advanced technology. It makes our lives easier and more convenient the way we pay our bills, we buy load or other online products, the way we earn aside from our physical work. It is all advantages for us who know how to use cryptocurrencies.

[mirgo1791]

the use helps with the chance on work with the spheres as applying use of details on application as measuring terms with the attains on market as gains with the returns of work with the analytics.

[Usui-Chan]

The ease of access of course is the best. Unlike cash or overseas transactions, it feels like you are really connected with everyone you transact with by using cryptos to buy or something with. This concept actually makes up the future of internet transactions and will take over overseas payments using cash or something.

[superloy]

Easy payment = yes, but when you said it's quick is another story because waiting for the transaction confirmation is pending for a week or even more than a month these days. That's why until now Bitcoin and Altcoins aren't much embraced by food chains and other quick buy or payment because Cryptocurrency isn't quick and fast enough to close the transaction.

That is right. That is why cryptocurrencies should not be used on a daily basis for basic commodities. Can you imagine falling in line at cashier waiting that long just for a coffee? I always prefer cash on day to day basis. Cash is quicker and less hassle since you do not need to pay additional for the transaction fees like cryptocurrencies do.

[Janus101]

All the advantages but still don't see cryptocurrency overtake fiat.

[axiline]

The only thing I found in a problem with a defect is not a way to cancel a transaction as soon as it is sent, and there is no way to stop it or cancel it in the waiting queue, because the blockchain system is not designed that way.