Advantages of crypto

[crypromarketinghub]

There are so many advantages in crypto that are not available in so many other aspects of money

pros :

Anonimity
Reduced fees
Fast transfers
High security measures

cons :

unregulated
bad reputation
many scams

Im looking for all the pros and cons that are related to crypto vs traditional methods anyone have any other really good pros and cons

[Lizzylove1]

There are so many advantages in crypto that are not available in so many other aspects of money

cons :
unregulated
bad reputation
many scams

What do you mean by bad reputation and many scams? You may not have heard or seen wonder banks that promise high interest rate and even open physical offices and get registered by the cooperate affairs commission and will be paying tax only to wake up one day and find out they are gone to the air without trace. I was expecting to see irreversible transaction as one of the cons, this con is also a pro since we may be dealing peer-peer un-trusted person.

[gantez]

There are so many advantages in crypto that are not available in so many other aspects of money

cons :
unregulated
bad reputation
many scams

What do you mean by bad reputation and many scams? You may not have heard or seen wonder banks that promise high interest rate and even open physical offices and get registered by the cooperate affairs commission and will be paying tax only to wake up one day and find out they are gone to the air without trace. I was expecting to see irreversible transaction as one of the cons, this con is also a pro since we may be dealing peer-peer un-trusted person.

@lizzy you are right. But that of cryptocurrency business happens more often. In fact, 90% of icos will turn out fake and few more remaining percentage can distribute to investors and hunters but very low volume, meaning it will be useless. In crypto business, just very minimal coins succeed. To succeed though, it is better to buy existing and top coins.

[Lizzylove1]

@lizzy you are right. But that of cryptocurrency business happens more often. In fact, 90% of icos will turn out fake and few more remaining percentage can distribute to investors and hunters but very low volume, meaning it will be useless. In crypto business, just very minimal coins succeed. To succeed though, it is better to buy existing and top coins.

We can learn to avoid scamming projects, we also know IEO/ICO has made us richer than IPO (initial public offer) of companies and banks, I loss hugely in my bank shares till date they are useless, Crypto comes with high risk and great risk. A old timer just chatted me up she wants to buy bitcoin worth $2,800. She knows nothing about Cryptocurrency, telling her to buy IEO or new projects is senseless, we should avoid new projects if we are not strong enough to wait and make proper reviews.

[princesspoppy]

There are so many advantages in crypto that are not available in so many other aspects of money

pros :

Anonimity
Reduced fees
Fast transfers
High security measures

cons :

unregulated
bad reputation
many scams

Im looking for all the pros and cons that are related to crypto vs traditional methods anyone have any other really good pros and cons

It is true that cryptos are unregulated, and I don't think it can be totally consider as a con. If cryptos will be regulated by the government, anonimity will be reduced because the government would want to know how many cryptos someone have, they will put taxes to us and transactions can be tracked. But, on the other hand, if cryptos are not regulated, we are not safe from scam projects that are increasing day by day. Regulations may decrease the scam projects that enters the crypto world.

[vycl87]

cons :

unregulated
bad reputation
many scams

There is no need to think about pros.
But we can discuss about cons:

Unregulated: Yet! So, It can only be a matter of time before legal regulations come to the market.
Bad Reputation: Which bad reputation we are talking about here? Because I am not aware of any bad reputation!
Many scams: Scams everywhere. It's not just crypto. You can see this everywhere in the Internet world. When there is a problem in this regard, the type of payment comes to the fore, not the evil itself.

[joinfree]

In addition, you get to have all your funds in your custody and spend it when and however you want without the normal interference of banks with the use of fiat currencies. I have not been in this industry for too long but making transactions in cryptocurrencies is way better than the use of fiat.

[Twentyonepaylots]

Unregulated is a con to you? that what brings the freedom to the users that's why it is climbing now at a very high pace. Bad reputation? In some way it has because of the scams that are scattered around the crypto environment but if it is really have a bad reputation then why bitcoin has so much power and its price is staggering? I have to admit there are lot of scam here but with the decade that we had with crypto we all should know what is scam from legit in terms of projects that they have been doing.

[Clark05]

Using crypto than others have more advatanges just like fees it is very small  transaction fees for every send but depends on what coin you are using about the fast yes one a reciever recieve the coun they need only few minutes to use the coin and I think we need to focus to the advatanges and always be positive about using cryptocurrency.

[KiloFoxtrot]

There are so many advantages in crypto that are not available in so many other aspects of money

pros :

Anonimity
Reduced fees
Fast transfers
High security measures

cons :

unregulated
bad reputation
many scams

Im looking for all the pros and cons that are related to crypto vs traditional methods anyone have any other really good pros and cons

In a nutshell, here's my understanding and observations (but I"m removing the pros and cons that they're under):

anonymity = it's always a double-edged sword (it works both ways)
reduced fees = generally speaking
fast transfers = generally speaking
high security measures = it depends (mostly on who you trust and where you transact crypto)

unregulated = it's always a double-edged sword (it works both ways)
bad reputation = it's more like a bad impression instead
many scams = more than usual (but only if it's left undetected)

[Yogee]

One of the pros mentioned is anonymity.

Are cryptocurrency transactions anonymous? Not exactly. Unless you use Monero and other privacy coins, transactions are still available to the public and they can be traced back to the wallet owners. You have to use other services that "cuts" the connection to your transactions like mixers and coinjoins if you want to be more anonymous. You can also try to avoid services that asks for your personal information and just transact peer to peer.

[taufik123]

Pros and cons not only occur in crypto, but also occur in other projects besides crypto.

The advantages of cryptocurrency such as transaction speed and very easy to do, security, potential price rises very dramatically, and transparent and can not be manipulated for fraud.

For the drawbacks such as regulations that have not been established and in each country the regulations are certainly different.

but for a bad reputation about fraud in crypto depends on the individuals who enter the crypto. People who are deceived in crypto are not ready and are not vigilant about the risks that will occur. For example, currently ICO and IEO are projects with a lot of fraud.
Must be more vigilant and do research to avoid scams and fraud.
Anything can happen in the cryptocurrency world.

[Nalbo]

No middle man on transaction is probably the best thing about crypto. There is an associated fees but they never ask you for your motive or sources.
International monetarily transfer is ridiculed by many paperworks and companies like paypal and mastercards were charging insanely high rates for you letting them handle your money.