Shaf
Verified member
The bull market of cryptocurrencies brought a lot of attention, both negative and positive especially to Bitcoin. While cryptocurrency has it's disadvantages, even critics do agree that it has some advantages over traditional currencies, or as they are well known, fiat currencies.
One of the major advantages that attracts people all the time is that cryptocurrency, Bitcoin in particular is decentralized. This means that no single body anywhere dictates it activity. While details about it's transactions are public, the details of it's users are as private as we have ever gotten.
Another advantage is that it has low fees, or even no fees when compared to fiat.
Its also possible to make transborder transactions without all.the long paperwork that fiat requires, and that cam be done in minutes or a few hours.
There is also no limit for withdrawals and deposits, which can be a real pain when you need to get money across to someone fast.
You can also transact anytime you want, wherever you are in the world. This is really one thing that people find frustrating when transacting with fiat.
One of the major advantages that attracts people all the time is that cryptocurrency, Bitcoin in particular is decentralized. This means that no single body anywhere dictates it activity. While details about it's transactions are public, the details of it's users are as private as we have ever gotten.
Another advantage is that it has low fees, or even no fees when compared to fiat.
Its also possible to make transborder transactions without all.the long paperwork that fiat requires, and that cam be done in minutes or a few hours.
There is also no limit for withdrawals and deposits, which can be a real pain when you need to get money across to someone fast.
You can also transact anytime you want, wherever you are in the world. This is really one thing that people find frustrating when transacting with fiat.