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What Are the Advantages of Cryptocurrencies?

Due to having become a great alternative to now increasingly obsolete methods of transactions such as cash or even Paypal, cryptocurrencies have now become increasingly relevant and important to everyday society.

For some, cryptocurrencies are seen as dark web currencies meant to exchange for drugs, weapons and illicit substances. This is somewhat accurate given the fact that Cryptocurrencies were used extensively on the internet and other dark web mediums to trade for those exact items.

On the other hand, there are many good and positive advantages of cryptocurrency usage, and with these in mind it can be established as a great alternative to the more established cash, PayPal and credit card world we live in.

Anonymity

Cryptocurrencies are anonymous and are hard to track down when it comes to privacy issues, this can add a lot of great security to any transaction that you wish to undertake.

Transactions

Transactions using cash or credit cards often involve a middle man that takes a cut of the money and leaves you with nothing, crypto currencies don’t have to deal with the extra expenses a middle man incurs.

Transaction fees

Due to the lack of a middle man, transaction fees are often lower and are easier to pay for.

Decentralization

Cryptocurrencies offer decentralization of the transaction spaces that are given to the user, decentralization means less worry of an overbearing government to take any cut of the transaction in form of taxes or fees.

In conclusion, cryptocurrencies offer a large amount of additional benefits that we have not focused on in this article, such as more decentralization, better transaction speeds and the inherit advantages of blockchain technology that bitcoin and other cryptocurrencies provide. Which is why you invest in such cryptocurrencies such as:

  • Bitcoin
  • Litecoin
  • Bankera
  • Ethereum