Top 5 Outstanding Advantages of Crypto Currency


Over the last couple of years, the term crypto currency has been rapidly gaining ground and understanding of its use and value in the public eye.

At first, the crypto currencies seemed scary just like credit card to the users in its initial days, but now with time, terms like Ethereum and Bitcoin have become familiar to the people. Beside these, there are many other crypto currencies that are in trend.

You can simply google the most popular crypto currency and check their growth rate right from their initial time.

To make you informed, we discuss how crypto currency will help you and what are the benefits of using a crypto currency? Let's get started.

5 Advantages of Crypto Currency


1. Free from Fraud:

All the crypto currencies are digital and they can’t be reversed or counterfeited by a sender just like the charge-backs on credit card. They are more secure as a form of payment because there is no third party involved in crypto currencies.

2. Instant Transactions:

With crypto currencies, it is possible to send and get money anywhere in the world at any given time. You don’t have to bother about crossing borders, bank holidays or any other constraints will occur when transferring money with traditional methods.

3. Lower Transaction Fees:

Fees to be paid for dealing with crypto currencies are significantly lower than bank charges. Compared to credit card and debit card payments which usually charge between 3-5% for each purchase made with a card, cryptocurrency offers lower transaction fees than credit and debit cards.

This is particularly a boon for smaller businesses that do not have the sales volume to negotiate lower transaction fees with the major credit card companies.

4. Decentralization:

One of the greatest benefits of crypto currencies is decentralization. To record the Bitcoin or other crypto currency transactions, the computers all across the world use the blockchain technology to maintain the database.  Decentralization means the network works on a user-to-user (or peer-to-peer) basis.

5. Recognition at Global Level:

Crypto currencies are not restricted by transactions charges, interest rates, exchange rates, or any other charges of any state, country, or province all across the globe. Hence, it is used globally without any hassle.

Using crypto currency not only saves loads of time, but also the transferring money that is required to send from one to another country. So it operates freely at the global level and also makes transactions easy.

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