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6 Benefits of Investing in Cryptocurrencies

The birth of Bitcoin in 2009 opened up the opportunity to invest in a whole new type of asset class: cryptocurrencies. Many went into space earlier.

By Bhagirath RoyPublished about a year ago 4 min read
6 Benefits of Investing in Cryptocurrencies
Photo by Viktor Forgacs on Unsplash

Intrigued by the immense potential of these young, promising assets, they bought cryptocurrencies at cheap prices. As a result, they became millionaires/billionaires in his 2017 bull market. Even those who don't bet much have decent wins.

Three years later, crypto is still profitable, and the market is alive. You may already be an investor/trader or considering trying your luck. Either way, it makes sense to know the benefits of investing in cryptocurrencies. Debit cards will become obsolete. Smartphones and other electronic devices will replace them.

Cryptocurrencies are no longer seen as outcasts, but as alternatives to existing monetary systems. Benefits such as security, speed, minimal transaction fees, easy storage and relevance for the digital age are recognized.

Specific regulatory guidelines will increase the popularity of virtual currencies and facilitate their acceptance. The report predicts that there will be 200 million cryptocurrency wallet users by 2030 and nearly 350 million by 2035.

It has grown into a massive movement supporting cryptocurrency and blockchain adoption in India.

The recent Supreme Court ruling overturning the RBI's 2018 crypto banking ban has also fueled a renewed sense of confidence among Bitcoin and cryptocurrency investors in India.

The 2020 Edelman Trust Barometer Report also notes that people's trust in cryptocurrencies and blockchain technology is growing. According to the results, 73% of Indians trust cryptocurrencies and blockchain technology. 60% say the impact of cryptocurrency/blockchain will be positive.

As a cryptocurrency investor, you are part of a thriving and rapidly growing community.

Increased Potential Profits

Diversification is important as a rule of thumb. Especially during this time when most assets have suffered severe losses due to the economic hardship caused by the COVID-19 pandemic.

Bitcoin investments have returned 26% year-to-date, while gold has returned 16%. Many other cryptocurrencies have achieved triple-digit ROI. The stock market, as you know, is miserable. Oil prices famously broke below zero in April.

Adding Bitcoin and other cryptocurrencies to your portfolio can help protect your fund's value in such uncertain global market conditions. This fact also impressed billionaire macro his hedge fund his manager Paul his Tudor his Jones when he announced plans to invest in bitcoin a month ago.

The cryptocurrency market is open 24/7

Unlike the regular market, the cryptocurrency market operates his 24/7.

This is because digital currency systems are fundamentally developed using software code protected by cryptography.

Operation plans do not include human intervention. Therefore, you can freely trade cryptocurrencies and invest in digital assets at any time. That's a big advantage! As such, the cryptocurrency market is highly efficient.

For example, since its inception in 2009, Bitcoin has successfully processed transactions with his 99.98% uptime.

No paperwork or formalities required

Invest in Bitcoin and other cryptocurrencies anytime, anywhere.

Unlike traditional investment options that require a ridiculous amount of documentation to prove you are an 'accredited investor', investing in cryptocurrencies is free for everyone. In fact, this was the intended goal behind the launch of cryptocurrencies: the democratization of finance.

To buy cryptocurrencies on Air, you need to open an account. This account only requires you to provide a few basic details, such as bank account information. Once verified, you should be up and running within a few hours.

Sole Ownership of Investments

When you purchase Bitcoin or any other cryptocurrency, you become the sole owner of that particular digital asset.

Transactions take place in a peer-to-peer arrangement.

Unlike fixed income, mutual funds and stockbrokers, no third party "manages" your investments. Control your buying and selling whenever you want.

User autonomy is the greatest advantage of the cryptocurrency system, offering an incredible opportunity to invest 'independently' and build a corpus of capital.

These are some of the benefits of investing in cryptocurrencies. We hope you find them useful and engaging enough to get you started on your crypto investing journey. There are few ways to move money or assets to your account. Most transactions at US financial institutions are processed in 3-5 days. Transfers usually take at least 24 hours. Stock trades are settled in 3 days.

Transaction Speed ​​

If you want to send money to someone in the US, there are few ways to move money or assets from one account to another faster than cryptocurrencies. Most trades in the US

Financial institutions close accounts in 3-5 days. Transfers usually take at least 24 hours. Stock trades are settled in 3 days.

But one of the advantages of cryptocurrency trading is that it can be completed in minutes. Once a block containing a transaction is confirmed by the network, it is fully settled and the funds are available.

Transaction Costs

Cryptocurrency transaction costs are relatively low compared to other financial services. For example, it's not uncommon for domestic transfers to cost $25 or $30. International transfers can be even more expensive.

Cryptocurrency trading is usually cheaper. However, keep in mind that blockchain demand can increase transaction costs. Nevertheless, even on the most congested blockchains, median transaction fees remain lower than wire transfer fees.


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