5 Benefits of Cryptocurrency

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5 Benefits of Cryptocurrency
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The primary benefit of Bitcoin and most other
cryptocurrencies based on blockchain technology
is that many of them lack a central authority,
payment processor, or company owner.
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1. Easy Transactions
Crypto transactions can be made easily, generally
at a low cost, and in a relatively private
manner. Using a smartphone app, hardware wallet,
or exchange wallet, almost anyone can send and
receive a variety of cryptocurrencies.
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2. Relatively Secure
Because cryptocurrencies are rooted in
cryptography and blockchain security,
decentralized cryptocurrencies tend to make for
secure forms of payment. As such, the relative
security of cryptos may be one of the biggest
benefits for users.
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3. Short Settlement Times and Low Fees
While some people may only want to invest in
cryptocurrency to take advantage of (prospective)
price appreciation, others might find benefit in
the ability to use crypto as a medium of exchange.
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4. Exponential Industry Growth
The cryptocurrency industry has been one of the
fastest-growing markets that most of us have seen
in our lifetimes, especially since the industry
got its start with the debut of Bitcoin back in
2009. The total market cap of the cryptocurrency
market in 2013 was about 1.6 billion.
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5. The Possibility of Outsized Returns
Bitcoin has been one of the best-performing
assets of the last 13 years. When it debuted in
2009, Bitcoin essentially had no value, but in
the following years, it would rise to a fraction
of a penny, and then eventually to tens of
thousands of dollars.
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