Hi Hivers,

It's with great pleasure that I am welcoming everyone to my blog and I will love to share with you all about some of the reason why you should consider using crypto or joining the cryptocurrency space and I hope you will find this write up helpful.

Despite the fact that cryptocurrency has gone through different obstacles in the recent years, yet it has become one of the most famous and favoured when it's comes to investing. But the question is, why would you choose to go in to crypto when the local fiat money is doing well? But below 👇 are some of the reasons why crypto is more preferable option for the investors...

Fast Transaction

With the advancement of technology, things keep changing and one of the challenges investors go through now a days, is the ability to meet up with the dealings and cryptocurrencies transaction has proved to help the investors meet up due to its fast transaction as you can get that done in the blink of an eye.

Clarity

One of the best advantage of crypto currencies is due to its clarity or transparency when it's comes to transactions and other activities as you can able to see any transaction data and the amount of crypto sent to other wallet with those transactions taken place on the publicly disseminated blockchain ledger. With the cryptocurrency clarity, you can be able to prove that you have made a certain transaction and this will diminished the level of fraudulent activities.

Transaction Fees

With the cryptocurrency transactions, the fees is approximately low than that of banking services. Though the transaction fees may varies based on the blockchain demand. And with low cost of transaction, this has made crypto currencies to be more favoured over fiat money transaction.

Inflation Shield

Investors see crypto currencies and most especially Bitcoin providing providing shield against inflation. There are many other cryptocurrencies that utilize devices to cap stocks and can function as a hedge against inflation.

Diversification

Since every investment has its own risks. Cryptocurrency provide the investors with diversification of different investment sectors to lessen the risks associated with investing. With crypto market so volatile, diversification through different investment portfolio will help you to balance the risk and returns towards investing. When one portfolio is performing poorly, then the other doing well.

Security

No one could be able to easily gain access to your crypto wallet or funds unless they have access to your private keys. Though, you have no get access to your funds if you lost access to your private keys which is the reason why to store your keys in a very safe place. With more computing power added to the blockchain network, it becomes more secure because any threat on the network would need adequate computing power to validate various blocks before the remaining network can actually confirm the ledger's precision.

Accessibility

Cryptocurrency easily more accessible as long as you have access to computer or smartphone with good internet connection. Setting up cryptocurrency wallet is absolutely fast than to that of opening bank account.

It is hard to overlook investing in crypto currencies with all the features it has compared to fiat money. And with those above 👆 listed benefits of using cryptocurrency, adding cryptocurrency to your investment portfolio will be a great option. Though, it is very important to do your own research before investing and invest only the money that you can afford to lose.

Thanks for visiting my blog and have a wonderful day
I really appreciate your upvote and support
@twicejoy cares ♥️♥️♥️

Posted Using LeoFinance ^Beta