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What You Don't Know About Cryptocurrencies

1 year ago

Referring to the numbers presented regarding the highest assets in 2023, the leading one was the cryptocurrency Bitcoin, along with many responses from investors on the Arqam website who do not believe in it and think it is worthless.

I would like to clarify a few aspects of cryptocurrencies to spread awareness and increase understanding through this short and simple article.

Did you know that you can convert your bank money into one of the stable cryptocurrencies that do not fluctuate and then transfer it to a digital wallet for the beneficiary? This is almost free without any international fees or currency exchange fees, or with very minimal fees called gas fees.

Many poor people around the world use this method, as they may work in a country and earn a few dollars. If they want to send money to their families, the bank will charge significant fees.

Did you know that many cryptocurrencies have returns? Once you store them or stake them, similar to securely tying up a deposit, you could receive profits ranging from 3% to 23%, with the return varying based on the risks of the currency itself. Moreover, profit distribution is done daily and is also cumulative!