In case you are new to cryptocurrencies, the best way to see them is as digital assets that are developed and designed to function as mediums of exchange – online. They are an alternative to real money but have the same value, which has been rising over the past few months and years.
In a world that is becoming more economically secure, cryptocurrencies are a great way to capitalize on the growth of technology. Below, we are listing the five biggest reasons to buy crypto in 2018.
1.Security – Cryptocurrencies are based upon cryptographic security and cryptography. This means that rather than trusting the bank to keep your money, you are trusting ‘the math’ which crypto is based on.
2.Anonymity and privacy – The pseudonymous nature of crypto is still a benefit to investors and traders. A lot of that has to do with the anonymity and privacy of cryptos. Once you are given an address, it is impossible to track it to you.
3. Transaction fees – Cryptocurrencies are designed to involve lower fees than any other transaction process. The only fees that will be incurred are with third parties who are involved in creating and maintaining their own wallets.
4. Decentralization – Unlike banks and other financial systems where your money is controlled (centralized) by an authority, cryptocurrencies offer a decentralized system which means that there is no central control over the exchanges.
5. (Thousand-Percent) Growth – 2017 has been a successful year for cryptocurrencies with a lot of them rising over 1000% in only weeks and months. For example, Bitcoin’s price rose from $900 in January to more than $13,000 which is a reason more to invest and capitalize on the growth.
So, are you investing in cryptocurrencies?
Let us know in the comments!
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