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4 Benefits of Investing in Cryptocurrencies ๐๐ป๐ต๐ฐ๐๐
What is digital currency?
A type of currency that uses digital files as money, these files are created using cryptography.
Cryptocurrencies adopt a decentralized control system, meaning they are not subject to any party.
1๏ธโฃ- Ease of use
Buying and selling digital currencies is very easy and does not require you to go to a financial institution and sign papers. All you have to do is open an account in an electronic wallet and then start trading.
2๏ธโฃ- Your currencies are yours alone
Cryptocurrencies provide you with a high level of independence, when you put your money in the bank, at any moment you can enter your bank account and find that your money has been frozen due to political circumstances, or the bank has been hacked or bankrupted.
As for digital currencies, they are yours as long as you keep
The Private Key
3๏ธโฃ- Protecting your money from inflation
When you use digital currencies, you are not only protecting your money from inflation, but you are also investing it.
4๏ธโฃ- Transactions are very fast
The traditional money transfer process takes between 4 to 5 business days.
Transactions in digital currencies are done quickly, it takes less than 4 seconds to a maximum of 10 minutes to complete the transaction.
10 years ago, people were buying one Bitcoin with ease, after 10 years it became expensive
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