Crypto currencies have taken the world of investments by storm. However, there is no dearth of detractors as well. Right from the lack of regulations to the volatility – the world of crypto currencies does present its fair share of disadvantages. However, these are not reason enough to give crypto a miss altogether! Today, we’ll be giving you not one but several reasons why you should be investing in them. Let’s explore in the course of the post.
Benefits of investing in crypto currencies
The future is clearly crypto-driven. No matter, what they say about regulations and volatility, the prospect of currencies like Bitcoin and Ether are way too tempting to be resisted. Here is a look at the bevy of advantages that cryptocurrency has to offer you.
It’s all about ease!
Yes! It’s incredibly easy to carry out crypto transactions. All you need is a smartphone app and exchange wallet to send or receive several types of crypto currencies including Bitcoin, Ether or Litecoin. You don’t need a bank account to trade or invest in crypto. You can buy Bitcoin with cash through a Bitcoin ATM and then send those coins to your phone.
Shorter Windows backed by lower fees
Please remember that not everyone wants to invest in cryptocurrency for price appreciation- there are some who might as well want to make the most of crypto as a medium of exchange. You will be amazed to know that Bitcoin and Ether can be transacted even with dimes and nickels. Litecoin costs just a few pennies! It usually takes around 3 to 5 business days for wire transfers to be settled.
Security
One can go on writing pages on the incredible security that crypto technology has to offer you. Based on cryptography, decentralized cryptocurrencies usually are backed by high security.
For the uninitiated, let us tell you that crypto security is largely determined by hash rate that implies that higher computing power takes more refined skills to be compromised. Bitcoin is backed by the highest hash rate.
Industry growth
We have kept on telling you that crypto currencies, no matter what the predictions based on their unregulated nature is, are going nowhere. They will continue gaining traction in the days to come. One can gauge its immense potential simply by taking a look at the numbers – the crypto market was worth $1.6 billion in 2013 and jumped to more than $1.4 trillion by June 2021 itself!
What more? As a non-correlated asset class, crypto can add substantial diversification to your portfolio as well.
Rounding Up
If you’re looking to make the most of the benefits that cryptocurrencies have to offer, do make sure that you’re selecting the Most Trusted Australian Crypto Exchange backed by features like ease of use, security and affordability. If you’re really looking for a specific suggestion in this regard, we’ll ask you to Use Swyftx to buy Bitcoin in Australia. The platform commands unparalleled recognition and has earned praise from the most seasoned traders/investors in the country. So, don’t forget to check it out right away!
