Crypto is a relatively new asset class that began with the creation of the Bitcoin blockchain in 2009. The primary benefit of Bitcoin and most other cryptocurrencies based on blockchain technology is that they don?t have a central authority, payment processor, or company owner.
Instead, crypto networks are peer-to-peer, meaning people can transact directly with one another. Many of the additional benefits of cryptocurrency stem from their decentralized and peer-to-peer nature. Let?s look at some positives of cryptocurrency in this crypto guide.
1. Easy Transactions
2. Incredible Security
3. Short Settlement Times and Low Fees
4. Exponential Industry Growth
5. Outsized Returns
6. More Private Transactions
7. Portfolio Diversification
8. Inflation Hedge
9. Cross-Border Payments
10. A More Inclusive Financial System
11. Transactional Freedom
12. 24/7 Markets
The above are just a few of the most important advantages of cryptocurrency. Of course, there are potential flaws as well ? its volatility being a major downside. As with anything, those interested in buying, selling, and trading crypto would be wise to do their research before getting involved in the crypto market.
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