Topic: What are the top advantages of using cryptocurrencies? - page 3. (Read 620 times)

For me, some of the top advantages of using cryptocurrency is, it is not bounded by any regulation, it uses blockchain technology for its transaction, it is a very good lace to make profit on your investment as long as you are patient and very good at decision making, you can also learn alot on how to use blockchain technology to solve some problems.

there are too many different cryptocurrencies each of them focused on something different. You need to study each of them, if you feel like someone giving you few words manual, you won't get that

Crypto-currencies solve numerous problems related to the centralized nature of paper currencies and other instruments. In the crypto-currency world, there is almost no inflation.  However, to some extent, it is still present, since it is necessary for financial stimulation of miners who extract the blocks.  Transition to the protocol with proof of the share of ownership will further reduce inflation and increase the value of the crypto currency. The most important here is that the magnitude of inflation is known and is not hidden by anyone.  In the case of the banking system, the inflation rate is unknown, and central banks can print any amount of money without agreement with the population.  This is one of the main reasons why the crypto currency is gaining more and more supporters.  Crypto-currency transfers do not know the boundaries.  Being geographically in Thailand, you can work for an American company.  In this case, the receipt of money from another country can be very difficult.  But now there is no such problem: crypto-currencies do not recognize borders and can be transferred from point A to point B in a matter of seconds. Another positive moment is transparency.  It is impossible to deceive this system or do anything so that others will not know about it.  That's why, although some intruders managed to use loopholes in Bitcoin and Ethereum, such loopholes were quickly closed by the joint efforts of developers and the community, thanks to the fact that all network members could see what was happening.

You are in the front of the world if we can say so. It’s really nice that all members of crypto are pioneers in this deal and we are the first how started to work here.

The top advantages of using cryptocurrencies is you can combine the money and investment in one purpose.
They make the investment process more easier than usual type of stocks and shares in the market.

maybe the top advantages of using cryptocurrencies are we are having another way to make money and although cryptocurrency is a new technology and new things that many people don't know and don't believe, cryptocurrency gives a chance for us to earn more money. I am sure that there are many other advantages that we don't know yet and it will be discovered in the future as the new technology will grow and develop to the new era. and right now, the cryptocurrency is trying to show that the cryptocurrency is another source of income that could give us a chance to make money.

There are lots of advantages here. If you have a deal with crypto, you can be counted as an educated modern person. What is more, it tells about your independence, trying to be ‘in time’.

It depends on your the coin you are talking about, Moreover many people in crypto space are here to invest in cryptos and wait for their investment to mature so that they will gain huge profit. So for me the top advantage is that it will make me rich in the future.

The use of cryptocurrency in everyday life is not very good, but it is a very good alternative to cash in the internet! Circulate fast, point-to-point transactions, and it is anonymous!

There are several advantages of crypto currencies for a few purpose. In term of payment system, crypto currencies have the features of decentralised, anonymous, fast and low fees as compared to the traditional swift swift system.

Cryptocurrency is a currency that has a potential investment, increasing the value of the longer the higher will make us get a good profit.

1. Cryptos make transactions possible throughout the world. Also, the speed of transactions is good due to the advanced blockchain of the coins.
2. The transactions are secure and identity of the sender and reciever is kept private due to the anonymous nature of the coins.
3. The coins are great investment asset and ensures good profit that too in a short period of time.
4. They can also be used as token for smart, decentralised applications and also as platform for posting new ICOs.

I think the Advantages of Cryptocurrency Investing
Potential Price Increase in the Future, bitcoin and other digital currencies have made dozens of rich people suddenly.
Freedom and Speed ​​Bitcoin, ether, and the majority of other crypto currencies use blockchain technology without involving third party banking. As such, there are no rules that potentially hinder the payment process.
Avoid counterfeiting money
One of the problems of using banknotes or credit cards is vulnerable to theft and forgery. Technically in the digital world, there is the term "double spending", which means using the same money, someone is making transactions for two different things.

Technologies always win hands down in the near future.
When banks were first introduced , people do not trust them even they provide high interest "initially" when you deposit with them.

Now is the cryptocurrency era where alot people still do not trust them.

With blockchain, it can help with cashless payments in near future, uncontrolled by government and banks that know "how much assets" you have which by right, they should not get involved.

Speed of sending money which is limited by banks currently + control as well.

And utility as well as ecosystem of the tokens which has real world use instead of fiat which can be quite an unfair system

TLDR : I support blockchain. Even banks are moving into it because they cant win technology

 I think cryptocurrency is usable but its main use is not to use it. Instead, it preserves or adds value. Because I think the world is changing so fast. The government is reducing the value of their coins. So I think the biggest advantage of cryptocurrency is preservation.

The top advantages of using cryptocurrency in day to day  basis is, it has low transaction cost and you can earn huge profit by joining campaigns and by investing and trading. Also advantage of crypto is you’re the one who control your own money as if, you are your own bank. and also your time in working in crypto.

The advantages when you use electronic money are:
1. Low transaction costs.
2. Trading fast.
3. Global Payments.
4. High security and confidentiality.
5. Every transaction is one way.

Personally in my country when I try to buy something online I face many problems and whenever I sent money to a friend abroad they charge me like 30 euros for a transaction, with crypto those basic needs are filled easier and more low costly.

For me one of its advantages is transparancy as you will see the transactions and trace them in the blockchain. The other is security as the assets in your wallet cannot be used by any other people but your self as long as you do not expose yourself to possible hacking and providing you private key to other people.

One of the utmost benefits is that it allows anyone to invest in cryptocurrency regardless of their age, place, Governmental documents, permission from the state, business registration. Anyone on a planet even a teenager can just buy the cryptocurrencies if he intends to hold for long term. If compared to other forms of investments like stocks, rental business, real-estate which requires a lot of Governmental paperwork and age is also taken into account, a teenager would not be allowed to invest in it.