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Speedy Transactions
Cryptocurrency transactions can be completed in a matter of minutes. Once the block with your transaction in it is confirmed by the network, it's fully settled and the funds are available to use.
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Lesser Transaction costs
- Cryptocurrency transactions are usually less expensive. The cost of transactions in cryptocurrencies is relatively low as compared to other financial services.
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Easy accessibility
Anyone can use cryptocurrency. All you require is a device with an active internet connection. The process of setting up a crypto currency wallet is extremely fast.
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Safety and security
Cryptocurrency transactions are secured by the nature of the block chain system and the distributed network of computers verifying transactions.
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Privacy
Transactions are pseudonymous, which means the user has an identifier on the block chain but it doesn't include any specific information about the user.
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Transparency
All cryptocurrency transactions take place on the publicly distributed block chain ledger. Anyone can easily prove they sent money and that it was received or they can prove they have the funds available for a transaction.
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Diversification from traditional financial assests
Cryptocurrency can offer investors diversification from traditional financial assets such as stocks and bonds. They are a good source of portfolio diversification.
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Protection against inflation
Cryptocurrencies use mechanisms to cap supply and can act as a hedge against inflation. Therefore, providing you protection against inflation.