Advantages of using cryptocurrencies – Introduction
Probably you know someone who invests in cryptocurrencies or you’ve heard that it’s worth betting on this type of asset. But why are people getting more interested in the crypto world? And what are the real benefits of cryptocurrencies to attract investors?
In this article, there are five differences related to this topic. Pay attention to each of them, because they could help you on how to start trading in cryptocurrencies. Let’s dive in!
Why should you invest in cryptocurrencies?
Cryptocurrencies are great assets for those who want to diversify their wallet. Crypto is into variable income and attracts more investors with each passing day. Now, you’ll see why investors want to invest in these currencies.
1. Good possibilities to profit
Don’t think it’s a piece of cake earning money investing in digital currencies. However, it’s possible to achieve good profits, if you know how to invest in these currencies and study this type of market. After all, a large number of cryptocurrencies go through big price increases in such a short period of time, such as Solana (SOL) and Ethereum (ETH).
SOL’s price had an increase above 14,000% during 2021. While Ethereum increased 3,200% in less than two years.
These are some examples of unusual situations but it’s possible to get consistent valuations in your wallet buying cryptocurrencies that have a good project and provide value to society.
2. Market works day and night
Crypto market, unlike the stock exchange and other traditional financial markets, works around the clock. Therefore, you can make transactions whenever you want to, including holidays.
This provides investors more space for investing, especially for casual investors – people who aren’t professional in the area and invest in order to expand their wealth, make reservations and so on.
Investing in a market that works day and night makes it possible to take advantage of any price oscillation encouraged by external factors. Thus, you can react immediately, increasing your gains or avoiding possible losses.
To learn more about crypto market:
3. High safety
Safety is one of the big advantages of cryptocurrencies. Transactions using digital assets are very safe, once they use Blockchain technology where transactions are registered, with transparency to avoid fraud.
When using the right wallets, the storage process becomes very safe. With these wallets, you can obtain the data related to your investment with safety and convenience.
4. Lowest rates
Cryptocurrencies have as premise decentralization. In other words, Bitcoin, ETH, Polygon, SOL, as well as other currencies, are not linked to any economic group or external institution.
Operations cost involving cryptocurrencies decrease (for buyers and sellers) once they tend not to involve third parties.
Credit card fees reach between 1.3% and 6% of the value of a transaction (depending on the country you are), and spending involving international transfers, including currency conversions, can reach much higher percentages.
On the other hand, if you want to send BTC to a person on the other side of the world, the fees charged are around 1% of the total transaction value. This percentage can change, but this will depend on other issues, for example, the speed that you would like the transaction to be processed.
5. Accessibility
Currently, the cryptocurrency market is extremely broad, it contains assets with different prices and profitability. Consequently, people with different financial profiles can access this universe.
Furthermore, anyone can invest in the market anytime, because it works day and night, even morning at daybreak.
Still about accessibility, we have to talk about how easy it’s to invest. After all, you just need to get a device with an internet connection and create an account in an exchange (usually it’s for free and simple).
Advantages of using cryptocurrencies – Conclusion
As you can see, there are a large number of advantages of investing cryptocurrencies currently.
These assets, considered by some as the future of money, are safe, less bureaucratic, operate with lower rates and are accessible to everyone interested in crypto.
For more information access our article: Basic guide to investing in cryptocurrency !
