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Advantages And Disadvantages Of Using Cryptocurrency

Like any other invention, Cryptocurrency has its good side and the bad side.

This articles focuses on some of the advantages of Cryptocurrency in detail as well as some disadvantages.

Advantages

- low transaction fees, transaction fees are low because the entire system is digital and individuals carry out their own transactions.

- transactions are processed quickly

- Decentralized system, meaning there is little to no interference from the government or any set authorities.

- transactions are untraceable to particular individuals, and are carried through transaction ID's.

Disadvantages

- Scammers are on the rise, as a result, the security information of users may be compromised.

- the market can deep, leading to losses in the market for people who have invested in the platforms.

- you always need to be up to date, and carry out frequent market analysis.

Follow this page for more information on Cryptocurrency.

Source : https://www.google.com/url?q=https://www.nibusinessinfo.co.uk/content/advantages-and-disadvantages-using-cryptocurrency&sa=U&ved=2ahUKEwi-_dGi-NX4AhXGQvEDHSpqAk8QFnoECAEQAg&usg=AOvVaw1_UnAqF9M-aVCuYtenO9Ir

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Cryptocurrency

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