Everyone has been hearing words like ‟ crypto currency ”, ‟ bitcoin ”, ‟ crypto-assets ” and ‟ crypto-money ” thrown around for sometime now. You came to understand after while that these are all to do with money and some type of stock marketing. Still, the whole world of virtual economy has stayed mysterious so far. It is time to come out of these ignorant cycles and join the league of know-it-alls.

To begin with, let ’s break down the key word here – cryptocurrency. Needless to say, it comes from two separate terms, cryptography and currency. Cryptography is the scientific study of codes and the term ‘ crypto ’ on its own refers to something concealed or secret. Now, you must understand the simplest meaning of cryptocurrency is hidden currency, which it literally is.

Cryptocurrency is a form of virtual money that is accounted for online. It is conveniently transacted through networks from one source to another. The most significant of features of this virtual currency is that it is safeguarded using encryptions of the highest degree. Hence, it is so far considered to be one of the safest methods to hold cash for long periods.


Technology with Banking

Cryptocurrency combines software technology with banking and has thus given rise to the future of economy. Unlike the normal currency notes or coins, it has no physical form. The transactions and storing are managedentirely through networks. There is also the factor that value of crypto coins are not truly comparable with that of gold or similar valuables. You can compare their market capitals perhaps but that is it. So if you ever hear someone saying that the value of bitcoins have reached at an equal of a kilo gram of gold, know that it is not actually possible to make such comparisons.So, if they do not have a solid identifiable form, how do we exchange them or make transactions? To know this, you should probably understand them better. Cryptocurrencies are basically digital protocols. They are created by high-level programmers who can create unbreakable codes for programs. The encryption levels involved are high in order to make them completely secure to hacking or similar threats.

At the beginning of every cryptocurrency, a certain number of coins are developed by the creators. These are then hidden inside the networks using various degrees of encryption. Each cryptocurrency has its own basic unit, which is a value comparable to other Fiat currencies. In some cases, the value might be dependent upon the act of transaction of these currencies. So the value of the base units are fixed only when a transaction happens. Often, the U S Dollar is the baseline of values. These coins are then awarded to the �miners� who search through networks and discover details of transactions, called blocks. Once transactions occur, they form a secure chain. In order to make the data indistortable, they are cemented into networks using algorithms. The transactions are all entered into a digital ledger called blockchain where they stay forever.The transaction details themselves are so protected that only those who have superior computing power can discover and seal-off new blocks.

Common Features of Cryptocurrency
Cryptocurrencies are normally used by individuals or groups. Yet, with the degree of privacy provided by the encryption, it is impossible to find the source of any virtual transaction made using cryptocurrencies. This also renders it secure form duplication or theft through any means.

The major features of cryptocurrencies can be as listed below:

  1.   The Finite number

  2. As mentioned above, there are a fixed number of coins produced at the very beginning. These can be bought off at the earliest stage from the sellers or bought in exchange instead of liquid cash. After a while, there comes a point when there will be no more new coins to be discovered so inflation of these coins is embedded in their codes from the start. In a way, these cryptocurrencies are just like gold or diamonds, which are more valuable because of their non-renewable nature. As the number of new crypto-coins decreases, their prices increases by multiples.

  3.   Decentralised

  4. One of the reasons why lots of investors turn to cryptocurrencies is that there is no proper regulatory authority. Neither governments nor centralised banks hold power over these cryptocurrency transactions. So much so that the governmental experts are only in the initial stages of bringing these under their control. Although some nations have banned cryptocurrencies, refusing to be involved in decentralised economies, they are still widely in use in most parts of the world.

  5.   Liquidity

  6. Cryptocurrencies certainly have their own values in comparison to the Fiat currencies in the world. There are special online markets available where you can exchange the coins for actual money in various currencies like U.S. dollars, British pounds, Indian rupees or European euros.
    Before we move into further functioning of cryptocurrencies, let�s familiarise ourselves with some technical terms associated with them. You have already heard terms mining, blockchain and miners mentioned. Read on to find what they exactly are.


Transactional Properties of Cryptocurrency

  1.   Irreversible:  Once a transaction is confirmed, it cannot be reversed. Neither the individual, nor the bank or any miner can reverse it. If money is sent, it is gone. Even if they are stolen by a hacker or your funds are transferred to a scammer, there�s no help. It lacks the safety net.

  2.   Pseudonymous:  None of the transactions or the accounts are in any way linked to identities in the real world. Bitcoins are received on special addresses, which seem to look like random chains of about 30 numbers. While the analysis of the transaction flow is usually possible, connecting to the real world identity of the users owning the particular addresses is not necessarily possible.

  3.   Fast and Global:   Almost instantly in the network, the transactions are propagated. The confirmation is also received in a couple of minutes. These are absolutely indifferent to your physical location as they use a global network of computers. Sending a bitcoin to someone on the opposite side of the world or your neighbour is no different.

  4.   Secure:   A public key cryptography system is used for locking the cryptocurrency funds. The cryptocurrency transactions can be initiated only by the owner of the private key. A blend of big numbers along with strong cryptography makes the breaking of this scheme impossible. If we talk of security, the bitcoin address can be stated better than the Fort Knox even!

  5.   Permission-less:   Cryptocurrency usage is as per the sole discretion of the owner. It is simply a software which can be freely downloaded by anyone. Upon installation, bitcoins as well as other forms of cryptocurrency can easily be sent and received. In simple words, there is no gatekeeper and nobody can prevent you from making crypto currency transactions.

The block chain involvement

A block chain is the secure place where are transactions online are register in a time bound manner. Once entered, these are secured with encryption which make any altercations impossible and thus render them foolproof. The ledger is not kept in one single location. They are available for anyone and everyone involved in the network. They are updated as and when transactions take place. You may ask how they are foolproof? For example, suppose you have two crypto coins in your possession, one of which you give to a friend in exchange for cash or services. This transaction will immediately be registered in the blockchain in the form of shortened codes called a block. This ensures that a coin doesn�t get expended twice on the same occasion without authorisation. Block chains are available in every node of the network.

Who updates the block chain? This is where we should learn what mining is. Mining is the process by which transactions are kept track of. Each transaction is recorded into the ledger after being broken down into cryptic codes, the key to which rests only with the person or group that did the transaction. These codes, called blocks, include bits of information other than transaction details and form a hash. The hash of each block is interlinked. They are so designed that one of them cannot be altered without bringing about a change in all the other codes, meaning it can�t be done. Miners practically manage the blockchain by adding every transaction to it. To seal off a block of transactions, you have to develop its hash. Finding the hash can be done by pure computing abilities. Once a miner find the hash and link the block to the chain, the person is rewarded with a number of units of the cryptocurrency. This number of units awarded is inversely proportional to the number of coins discovered. This means that the more coins are there in the virtual market, the lesser number you will be awarded for sealing off a block. This does it mean that the value of the blocks will change because as more number of coins are discovered the price of these will erupt.

The down side here is that every miner will be competing against a number of others at any given point of time. The possibility of one successfully finding the hash to a block will depend upon their computing abilities. The simplest way of finding a hash is calculating all the possibilities. You can win if you can do the computing part faster than everyone else on the network.Since the number of coins are limited, the difficulty level of mining new ones increases every single time. So by the time you reach the last few coins, it becomes very much difficult to find them at all. Also, mining isn�t as cheap either. To earn through mining, you will need to first invest in the proper hardware and software required for it. These will be specified for you by the creators of each of the cryptocurrencies.

History of Cryptocurrencies

The foundation stones of cryptocurrencies can be traced to the idea of �blind money� proposed by the American cryptographer, David Chaum. What he introduces then was a cryptic algorithm based on a combination of complex mathematical equations and software programming. To date, this concept remains the basis of modern day encryption technologies. Chaum found a company called the DigiCash which developed the idea of blind money into a better form that was possible to be transacted. However, unlike modern cryptocurrencies, this was not decentralised. DigiCash held rights to the creation and management of all units of currency thus marketed.

Then was the time of e-gold in America. During the 1990s people bought and exchanged a lot in e-gold. The Florida based company that operated e-gold offered a lot of lax regulations that it became a platform of money laundering be mid 2000s. It came to be irrationally targeted by hacking and phishing that people began to suffer losses. That is when it�s popularity finally began to fade.

The cryptocurrencies as we know them today started with a man known as Satoshi Nakamoto.The funny thing about this invention is that it was never intended to happen. Nakamoto had actually intended to develop a simple peer to peer cash transaction system. He knew that if he could develop some kind of decentralised platform for transactions, everything would be made simpler. Thus was the infamous Bitcoin found. It was in 2008 that Bitcoin was first introduced in the virtual markets. The growth of Bitcoin was something phenomenal since. It�s value exploded from mere cents to thousands of dollars per unit in the past years.

While creating cryptocurrencies, the biggest issue faced by Nakamoto was how to stop double spending. Without proper regulatory mechanism to stop that, there would be no meaning of the digital platform. People could easily spend money they had already spent again and again. He thus brainstormed and developed a platform where �complete consensus� was required to conduct transactions. It was so designed that any disagreement between the participants would lead to a complete breakdown of the system. The developed

The first Bitcoin transaction was called the Genesis block. It happened on January 3rd 2009. Satoshi Nakamoto released the initial Bitcoin programs and source code six days later on January. In 2010, the value of Bitcoin per unit was $0.0025. By June 2011, it reached a worth if $17.77 per coin. Bitcoin values went through a series of ups and down over the following years. On December 23, 2017, Bitcoins had a value of $ 17163.38. Since governments began to put bans on cryptocurrencies and threats of loss became stronger, the values of Bitcoin began to tumble down. Currently, as of May 2018, it has a value of around 8256 US dollars only. It went to prove that no actual authority was needed to control these transactions.

Since the introduction of Bitcoins, these have been innumerable crypto currencies introduced into the virtual markets. It is easy enough to create now with all the available platforms like Bitcoin and Ethereum. Any one who knows enough programming can launch a new cryptocurrency any day. Take a look at a few of the most important cryptocurrencies since Bitcoins.

Bitcoin Successors

All the successors of Bitcoins were collectively called Altcoins. It was a term formed to mean �alternative coins� of cryptocurrency.

  1.   Litecoin ; 'the silver to Bitcoin's gold.'

  2. Also called LTC, Litecoins are not so much different from Bitcoins themselves. They were introduced in the markets in 2011. They were among the first cryptocurrencies to be launched since bitcoins. Created by Charlie Lee who is an MIT graduate and then a former employee of Google. Itself a virtual platform for secure transactions that was not under the control of any single central authority. It used �scrypt� as its proof-of-work.
  3.   Ethereum

  4. Known otherwise as ETH, it was a cryptocurrency that gained much popularity after Bitcoin. It was the first launched in 2015 and was also the first to act as an ICO platform. It is a decentralised platform which also allows room for Smart Contacts and Distributed Applications of DA to be formed. It is also fool proof and free of risks like frauds or interference from third-parties. Ether, as the coins are popularly called, had witnessed a great demand when Ethereum had conducted a pre-sale for the same back in 2014, before the launch. According to the creators of Ethereum, the platform can be utilised to �codify, decentralise, secure and trade just about anything.� It hold a market capitalisation of $41.4 which comes in second after that if Bitcoins.

  5.   cash

  6. ZEC or Zcash is not just decentralised and secure but it is also an open-source platform for virtual transactions. It was launched during the later periods of cryptocurrency ages, in 2016. It was predicted to be promising at the time, even gaining comments like �if Bitcoin is like http for money, Zcash is https". Extra security was one of the major claims of Zcash creators themselves. They also claimed to allow for selective transparency in transactions as per the need of the buyer or seller. They developed a unique cryptographic technique which was called � zk-SNARK� which allowed its users to shield selected transactions using high-level encryption.

  7.   Dash

  8. Dash, originally called Darkcoin, was launched earlier than Zcash, in January 2014, by Evan Duffield. It is defined by many as a more �secretive version of Bitcoin.� It offered more anonymity in transactions than those virtual platforms that had existed so far. It gained popularity among investors in a short while and was able to be mined using a CPU or a GPU.

  9.   Ripple

  10. Ripple, alternatively called XRP, is a platform that offers real-time transactions on an international levels. It attracts customers with simple features such as instant and certain money transfer at the lowest possible expense. It was launched back in 2012 and at one point had a market capitalisation of $1.26 billion. There is one major factor that sets Ripple apart from other cryptocurrencies. It is one such currency which does not require mining. It�s ledger gets updated without the requirement of mining to the job. Ripple propagates the idea that distributing value is a powerful way to incentivise certain behaviours and thus presently aims to earn publicity for XRP mainly �through business development deals, incentives to liquidity providers who offer tighter spreads for payments, and selling XRP to institutional buyers interested in investing in XRP.�

  11.   Monero

  12. Monero, also called popularly as XMR, is widely acknowledged as a secure, private and platform of virtual monetary transactions which are nearly impossible to be traced. This is one such currency whose development was completely based on donations from various communities. It was launched in 2014 and then had focused primarily on features such as decentralisation and scalability. It also stressed the significance of privacy and security in such transactions as conducted online via networks. To ensure security and safety in their services, Monero employed a special technology called the �ring signatures�. This used the technique of duplicate signatures from which it was impossible to identify the real one unless you held the key yourself. It was an efficient method that kept off hackers and frauds to an extend.

    Despite the introduction of a large number of cryptocurrencies, Bitcoins remains the most in demand and value even after al, these years. Bitcoins controls more than a 50% of the market share of virtual transactions using cryptocurrencies. It is also the currency that amasses the maximum profit in the past years. The market capitalisation of many of the existing cryptocurrencies are determined by a comparison to that of Bitcoin. Thus was the unit BTC found. While Ethereum is the second most popular of the cryptocurrencies, Ripple follows it close behind in every aspect. More number of ICOs have been launched in Ethereum than any other platform and these transactions continue to fund economies and projects to date.

The count of cryptocurrencies is endless as more and more are coming up endlessly but basic features are almost the same.




Another feature recently added to cryptocurrencies is the e-wallet or the cryptocurrency wallet. It is a software that allows you to store public and private keys to transactions. The wallet interacts directly with various blockchains and allows its users to send or receive virtual currencies and then keep track of these transactions. As in any other wallet, you will be allowed to view details of your transactions and your balance.

A wallet is a must for using Bitcoins or any other cryptocurrencies for that matter. There are several types of wallets available for you.

A Desktop wallet can be downloaded on a personal computer or a laptop. The catch is that they can be used or accessed from just the one computer in which they are installed. They however are the best known for safety and security in transactions. Yet there prevails the danger of loosing all your data in case of an unexpected virus attack.

Like everything online, cryptocurrency wallets are also available online. These run on the network and are thus accessible from any system, unlike the desktop wallets. The problem here is that, since they are accessible from all points, you share your key information with a third party. This marginally increases the threat of hackers and theft.


There are other types of wallets such as the mobile wallets that are easier to carry around and the hardware wallets that make transactions online. The hardware wallets differ from online wallets in that the former stores information regarding private keys in USBs and similar equipments. Both mobile wallets and hardware wallets are distinguished for their convenience and security. Another kind of wallet available is the paper wallet. These provide the highest level of security. Although the term may be confusing, the paper wallets are software that is used to generate pairs of keys that are later printed out. The process involved here is often referred to as � sweeping�.

To add security to your wallets on can always:

  1.   Update to better software�s.
  2.   Back up your wallet in offline storage options such as Paper or USB.
  3.   Add multiple layers of security such as long complex passwords.

Bread wallet, Mycelium, Exodus, Copay, Jaxx, Armory, Trevor, Ledger Nano, Green Address and Block chain (dot) info are some of the most used and trusted cryptocurrency wallets now available. Most of these have high level security while the ones like Copay and Armory provide extra layer of security and assurance to its users.

A trustworthy name in case of cryptocurrencies is that of the venture capitalist, Tim Draper. Draper had predicted back in 2014 that the value of Bitcoins would soar above $10,000 in the next three years. It can true later when the values became as high as 19, 783 US dollars. In June 2018, again Draper has predicted that Bitcoin win hit the $250,000 mark by 2022. While we are yet to see how this turns out in future, let�s take a look at the future possibilities of cryptocurrencies in general. Draper in an interview to Forbes magazine said as follows,

�Now, I think people are going to be able to spend cryptocurrencies, like Bitcoin, in mainstream situations. Cryptocurrencies have the potential to eventually replace credit cards and will be something that can be accessed by you on your phone. I actually think cryptocurrency will replace fiat currencies entirely.For instance, right now there is about $80 trillion worth of fiat currency in the world. I believe that cryptocurrencies will expand that market. I think that cryptocurrencies will eventually grow to maybe $100 trillion and fiat currencies will fall from $80 trillion to $30 trillion.�

Draper himself has invested his money on Bitcoins and is in expectation of huge profits by 2022.But while experts profess such positive opinions about cryptocurrencies, let�s examine the possible risks of investing in them. For a layman, is its truly advisable to jump head first into such virtual transactions just to gain some easy profit. While it is simple enough for a man like Tim Draper to make calculated moves, it is an entirely different case when it comes to normal people.

The Risks Involved

The market is abyss with news of cryptocurrencies. Every where you can hear stories of huge turnovers made in a shirt while with Bitcoin investments. But before you start to follow the trend, know what you are getting into.

First and foremost, patience is the key to success. In a fast growing market such as that if the cryptocurrencies, plenty of opportunities will present themselves before you. A wise guy would know what to choose and where to invest in, in order to gain the maximum profit. You will need to sit out and wait for the right chance to come along. As much as there are trustworthy schemes in the market, there are equal number of frauds and Ponzi schemes. If you are not sure on how to tell the difference, it is always a good idea to get help from reliable sources. Since it is decentralised market, the money that you once lost cannot be regained as such by any means. There is no authority you go to and complain about frauds. You will have to simply suffer your loss.

Crypto currency vs. Fiat currency
Are you aware of the fiat currencies and the crypto currencies? They both are currencies in one form or the other and are open for public use across the world. But they are both different and distinct in their own ways. There is always one group that favors the use of crypto currencies, while the other has a soft corner for the fiat currencies.


A cashless society-crypto currencies play a huge role

If you have a look at the market of the 1970s and 1980s, you will find that the cash played the dominant role. But, with the change in the technology, electronic transactions have become the usual norm. Today, more and more people are influenced in becoming the cashless society. With the progress towards the cashless society, crypto currencies have a big role to play.

Crypto currency and fiat currency are always at loggerheads

Crypto currency and fiat currency are popular types of digital currency, especially when it is about an online transaction. They both are currencies currently in use in the market but have some differences in them. There is a hell lot of hypes that you will hear on a daily basis comparing the crypto currencies and the fiat currency. This article will highlight the difference between the two in a more comprehensive and clear manner.

Differentiating in what the currencies stand for
Before going for the difference between the two, you must understand what do they stand for and how are they are defined.

The fiat currency is a legal tender that has the support of the central government, and it operates in the physical form. For instance, US dollars, British Pounds, Euro etc. On the other hand, the crypto currency is a non-legal tender, and doesn�t have any backup from the central government or bank. Hence, the difference between crypto currency and fiat currency is noted as follows:     

  • Crypto currencies are decentralized and global in nature. There are no one entity or government that controls the currency with their laws and regulations. The Fiat currency is centralized, under the control of the laws and regulations of the banks and government.
  • Crypto currencies have their existence only in the digital domain. On the other hand, you will find that the fiat currencies have a tangible and physical existence.
  • There is a limited supply of crypto currencies with a maximum set of them getting supplied in the market. Whereas, the fiat money has an unlimited supply as the government and bank are entitled to produce coins and paper money whenever the situation is required.
  • The Bitcoin and other crypto currencies are created by the computers, while the fiat currencies are issued by the local government and the banks.
  • Crypto currencies are presented as the public and private code pieces. On the other hand, the fiat currencies are presented in the form of coins and paper money
  • The value of the crypto currencies is not recognized by the supply and demand of the market. Whereas, the fiat currency value is determined by the market regulations of supply and demand.
  • The different types of crypto and fiat currencies
    In the last one decade, the popularity of crypto currencies has emerged as a huge success. It was in 2009, when Bitcoin was first introduced, and years after several other types of crypto currencies have emerged. Starting from Litecoin. Dogecoin, Ripple to the Dcash and Zcash, there is a plethora of them. On the other hand, the fiat currency has a rich and ancient roots, with the Great British Pound, that dates back to 775 AD. It is considered as the oldest currency in the world that is still in use.
    The differences in the anonymity between the two currencies
    When you are using the fiat currencies, you need to undergo a user identification or verification process. You are asked to upload a recent picture of yourself and some of the required documents to be issued as per the public authorities. You don�t need to undergo any of the required processes with the crypto currencies. Though your personal information and confidential details don�t get public, but all your transactions are recorded and tracked in both the fiat and the crypto currencies.
    Fiat currency vs crypto currency: transparency level

  •   The transparency level with the crypto currencies are considered to be more. This is because the revenue streams are displayed in a public chain. Everyone can witness their own and others� transactions.
  •   The fiat currencies are not transparent, as there are not public chains to see the revenue streams of the people.

  • A comparative historical roots
    If you compare the crypto currency with that of its counterpart, fiat currency, you will find that their existence and creation brings the difference. The Fiat currency, dates back its existence as early as 775 AD with the introduction of the Great British Pound. This is why fiat currency is easily accepted by the people all over. On the other hand, the crypto currency was perhaps first introduced only a decade ago, with the introduction of Bitcoin in 2009. The challenge that the Bitcoin and other crypto currencies face is catching up with the immense popularity and increasing fan base of the fiat currency. Crypto currency, is no doubt gaining importance and popularity in the economic market, but it has still not been accepted widely in the society as the fiat currency.

    A comparative history of the two currencies:

  •  It was in the 11th century, when the Chinese Song dynasty was perhaps the first one to issue the paper money. It was not allowed to exchange with valuables like gold and silver or silk.
  •  There were Tally sticks that were introduced as a fiat currency. 1100 Tally sticks were introduced as a combat for the shortages in gold.
  •  1971, was the year, when the fiat currency received a worldwide recognition. President Nixon introduced it in order to eliminate the dollar pegging system to gold.
  •  It was in 1998, when the idea of an anonymous electronic cash system emerged by Wei Dai. Bitgold-the very first crypto currency was created by Nick Szabo, but it didn�t receive as much attention as Bitcoin.
  •  In 2009, Bitcoin was introduced in the market, that became the first crypto currency that was accepted across the globe. In 2011 and after, a series of several other crypto currencies were introduced. Some of the popular ones include, Litecoin, Dogecoin, Ethereum, Ripple, Zcash, Dash and so on.

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    The traits of both the currencies
    The potential of the crypto currencies and fiat currencies, accessing their traits is important. You will find that in some of the criteria, Bitcoin and other crypto currency is superior than the fiat currency, and in some cases, the latter surpasses. It is absolutely your call to choose the type of currency (crypto currency or fiat currency) based on your personal needs and requirements. Let us compare their traits with respect to certain factors.

  •  Both the crypto currencies and fiat currencies are interchangeable in nature.
  •   As per the portability is concerned both the currencies secure more or less the same position.
  •  With respect to the non consumable criteria, crypto currency and fiat currency have the equal status.
  •  Crypto currencies have high durability as compared to the fiat currencies that have moderate level of durability.
  •   Both the crypto currencies and the fiat currencies ensure secure and safeguarded transactions and exchange.
  •  Crypto currencies are highly divisible in nature. On the other hand, the fiat currencies are moderately divisible.
  •  In terms of the transaction process, the crypto currencies are easy and hassle free. Whereas, on the other hand, the traction process associated with the fiat currencies are easy, but not like the cryptos.
  •  The crypto currencies are decentralized and global in nature, unlike the fiat currencies that are centralized and functions under the laws and regulations of the government
  •  The crypto currencies have high scarcity, where as, the fiat currencies are unlimited as the government can issue coins and paper money whenever there is a need.
  •  The crypto currencies are based on mathematical algorithms, and are programmable. The fiat currencies are not at all programmable.
  •  The fiat currencies are sovereign in nature, while the crypto currencies are not.
  • The process of the functioning of the currencies

    You can find the significant differences between the crypto currencies and the fiat currencies with the way they both operate and the transaction process that take place. They are contrasting in nature. The transfer of money using the Bitcoin is very quick, and you absolutely don�t need any third party association.
    On the other hand, if you are involved with the money exchange using Fiat currency, a mobile wallet is in use. You can exchange an amount of e-money that gets transferred into the equal e-value amount. Both the fiat and the crypto currencies enable you to purchase everything that you desire. But the processes involved are absolutely distinct from each other. Depending on the things you purchase, you will find that one currency form is better than the other. This is absolutely your choice.

    Is Bitcoin, a crypto currency better than the fiat currency?
    The long term benefits and the capability of the Bitcoins is still not established. But it has been predicted by the crypto currency gurus and experts, that they will go a long way, especially revolutionizing the way the online transactions are done. In the current market, the Bitcoin is mainly included in the online casinos and the gambling, but it is not limited to it. Furthermore, when you compare the fiat currencies, the Bitcoin allows you to seize the power and authority from the banks and the government since it is not controlled. The crypto currency has the capability to create or come up with the free market capitals. Fiat currencies are affected by the inflation and the changes in the market, unlike the crypto currencies. Such aspects make individuals believe that crypto currencies will soon take over the mainstream currencies and bring a transformation in the way the money is used.

    Why is Bitcoins considered to be a better aspect than the fiat currencies?

  •  Bitcoin gives you the opportunity to re-create a free market capitalism.
  •  The power of controlling the money is absolutely with the individuals, and not with the banks like the fiat currencies.
  •  When there is an inflation, the Bitcoin is not affected. But the Fiat currency will be easier to lose and get affected by it.
  •  The Bitcoin currency is easy easier to exchange and transfer as compared to the fiat currencies.
  •  The transaction fees involved with the Bitcoin are way cheaper and easily affordable.

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    Crypto currencies seem to be a favorable option among the people
    The fiat currencies are the centralized and legal way of exchanging money. But, the crypto currencies have acquired immense popularity in the past few years. There will never be anyone who would act as a middle man, like the case with the banks. Moreover, the cryptos are way cheaper and less expensive that the conventional fiat currencies.

    Send money anywhere directly without waiting for the bank�s approva
    You can send money to anyone in the world directly, and it is super fast. The money gets cleared within a few minutes time. You don�t have to wait for the traditional clearing and verification processes of the banking systems, which might take up to several days to get a clearance. Since it is decentralized and doesn�t come under the law and regulations of the government, nobody has any power to do anything with your account.
    The blockchain technology has a very big role to play
    Thanks to the crypto currencies, that gives us the power and the authority to become our very own bank, and take control over our finances. It is because of the blockchain technology that offers a higher level of sophistication while dealing with the finances. In fact, there are some mainstream financial industries that have started incorporating the idea of the technology.



    It goes without saying that the crypto currency mania is creating waves in the global financial economy. In fact, there are some nations across the globe who have proposed the idea of coming up with their very own crypto currencies, based on the contemporary and the advanced blockchain technology, on which Bitcoin functions.

    Who is more interested in the government-backed crypto currencies?
    Currently, the proposed idea is mostly popular among the dictators or autocrats who are finding ways out to eliminate or wave of the international sanctions that are implemented via the global banking system. There is a major support for the government backed crypto currencies, who rely on the virtual currencies for the security reasons. According to them, there will be a total transformation in the global monetary market, if such a movement takes places.
    The brain behind the idea of government backed crypto currencies
    Nicolas Maduro, the President of Venezuela is the person who came up with the idea of introducing centralized virtual currency. He named it as �Petro�, and ensured that every unit of Petro will be backed by one barrel of oil. The idea was put to presale in February 2018, and he claims that Venezuela received around $5 million in purchase in the very first week of the month.
    Venezuela�s economy will be benefited
    Such a move will definitely have a very positive influence on Venezuela�s foreign currencies accessed and the acquiring of goods and services from all over the world. The economy of the country has experienced a setback with the shortage in dollar with the strict sanctions implemented by the US government.
    Petro is considered as an illegal currency
    There is no assurance as to whether the envision created by Nicolas Maduro will be a success or not. Moreover, there is no such process or technique that ensures the exchange of crypto currencies with any hard assets or crude oil. The opposition party of Venezuela�s Parliament has already announced the illegal status of the virtual currency, �Petro�. The American President, Mr. Donald Trump has also signed the order that blocks the transactions in digital currency, coins and tokens issues by Venezuela in the USA.

    The nations considering for the government backed crypto currencies
    Well, there are myriad of countries that are currently planning to introduce the crypto currencies in the mainstream economy. Russia is perhaps the first nation that has shown some real interest in the concept. The country's central bank plans to come on the talking terms with other nations regarding the same.

    Russia plans to include:

  •   India
  •  China
  •  Brazil
  •   Japan ;
  •  Uruguay
  •  The five former Soviet Republics
  •  Sweden
  • The creation of a supra-crypto currency

    Combining the nations from across the globe, it is envisioned to create a supra-crypto currency, covering around 40% of the world population. Some time back, Fan Yifei, the Deputy Governor of People�s Bank of China claimed that there is a very high possibility that the virtual currency will be issued soon with the Chinese commercial institutions.

    Following Sweden�s economy

    If you follow the financial economy of Sweden closely, you will find that the concept of cash dealing is fading away really quick. In fact, Sweden�s central bank is proposing to come up with its very own digital or virtual currency, referred as the �E-Krona�. Sweden is really concerned with the widespread use of other crypto currencies and adoption by super powers can lead to high competition.

    Crypto currencies have always been decentralized and non-governmental

    It is true that Bitcoin and other crypto currencies have always been decentralized and without any central authority. But, the blockchain technology that is the base of all crypto to currencies operation doesn�t in any way rule out the possibility of a centralized authority. If you go by the theory, you will find that a government authority can actually have more power and control over the crypto currencies than the paper currencies. This is because the government can keep a track of all the transactions that get recorded on the blockchain account.

    Can the government benefit from the crypto currency issuing?

    When there is a regulation on the crypto currencies via the monetary policies, the virtual currencies are believed to be cost effective and even more effective than its current situation. Moreover, the government will be able to trace down the tax evasions as all the transactions of crypto currencies are easily traceable because of the blockchain technology.

    Imaginary currency as government would issue
    Crypto currencies are not as widespread as paper currency
    Bitcoin and some other crypto currencies are quite popular among the people, but it is still not as widespread in use as the mainstream paper currency. When it will be under government control, more and more people will have the belief in it and start using it, with outsmarting the control of the currency. The government will no doubt be benefited with the issuing of the crypto currencies.
    The use of the crypto currencies to guard against the international sanctions
    Every time a bank or a company tries to do business with a target nation from the American financial system, the US government always tries to enforce international sanctions and blocks them from doing any business. It is via the international banking system that the violators are always cracked down due to the recorded transactions.
    No possibility of transaction tracing
    In case, a government of a nation possesses its very own virtual or digital currency, it is near to impossible to trace the transactions taking place. The US authorities will not be able to detect anything. For instance, the Bitcoin can offer a line of approach around the enforced sanctions. The government will face a challenging situation to grab hold of any trace. Furthermore, we are all aware of the highly volatile nature of Bitcoins.
    A government backed crypto currency-what does it mean for the international financial or monetary system?
    The international financial economies of the Western countries, mostly rely on the batches of internationally agreed upon norms, rules, and institutions. This allows the nations to trade and invest in each other. The US government plays a dominant control over the whole system mostly because of the US dollar and the banking systems' commanding position. When the countries across the globe come up with their very own digital or virtual currencies, they can function outside the current model, suppressing the impact and the influence of the conventional international central banks, including the European Central Bank and the Federal Reserve Bank.
    What would government backed crypto currencies mean for the banking institutions?
    The whole banking system will undergo a transformation when there will be a government backed crypto currency. With respect to the national crypto currencies, it is the blockchain technology that will supersede the clearing and verification process that are controlled and handled by the commercial banks in the current situation. This will definitely sabotage the vital revenue stream of an economy. Furthermore, the banks will retail its authority to issue mortgages and any other forms of credits.
    A complete transformation in the way the nations operate today in the global monetary system
    The whole concept of centralization of the crypto currencies will offer the governments of the nations with some drastic revolutionary changing potential. Some are considered to be rather good, but there are a few that can be scary.
    The benefits you can enjoy with a government backed crypto currency
  •   The advantage is that people get the opportunity to buy anything in a secured and cost effective manner.
  •  There will be an international currency that can be used for global trade.
  •  There will be less administration control via the self executing contracts.
  • How does it prove to be scary?

  •   A government backed crypto currency can be a threat to the present financial system. This is because the virtual currency often at times encourages the ungoverned or uncurbed speculation.
  •  There can be unsecured borrowing by the consumers.
  •  The government backed virtual currencies can be used for extremely wicked reasons as well.
  •  But in case of the authoritarian nations, it can be quite scary, as there will be some serious privacy issues.
  • Image

    Russia shows immense interest in the government led crypto currencies
    Russia is the nation that shows high interest in the inclusion of the government backed crypto currencies and introduce in their economy. There are no such clear information or details on the same. Moreover, it is also not clear whether the crypto currency will function using the decentralized blockchain technology or it will be mined. The one aspect that is clear is that Russia is curious to include some form of virtual currency in their monetary system and even get around the global sanctions. Moreover, it will also enable its government to tax the black markets.
    Concerns regarding centralized crypto currencies from the central governments
    There are two concerns from the central governments that are getting the most limelight. They include:

    1.   Figuring out the ways and methods to regulate the government led, centralized virtual or crypto currencies.
    2.  The second concern is if things are figured out, how to make the very own digital currency.
    The concept of digital cash technology is not a new concept
    The digital cash technology is not a new concept even in terms of the execution. There are several companies and nations that have been working towards completely digital transactions. The adoption of such a move was never very widespread or fat paced before. In fact, the whole process was not either cost effective or efficient in functioning. The banks and the governments were never in a haste to take up the technology behind digital cash.

    The governments have realized the importance of the technologies of crypto currency functioning
    In the midst of these, Bitcoin was created. It was the widespread popularity of Bitcoin in 2009 and the evolution of the other crypto currencies in the following years opened the eyes of the governments. They were forced to give a thought regarding the advanced technologies that can transform the whole aspect of the finance and commerce of the future. The government has now started realizing and identifying the benefits of the technology on which the crypto currencies operate.

    Gaining from the government led virtual currencies
    You can gain so many benefits from the crypto currencies under a centralized authority.

  •   Simple and hassle free electronic transaction
  •   No instance of any counterfeiting
  •   The record keeping or tracking will be better
  •   The monitoring of the transactions will be better
  •   No need of any printing press
  • The governments and banks seem to be a little perplexed with the whole hype about crypto currencies becoming centralized, but they don�t want to lag behind as well.

    Crypto currencies allow you to create money outside the financial system framework of the government

    Bitcoin and other crypto currencies have always proved that it is very much possible to create money without the authority and power of the government based monetary system. This is no doubt forcing the central banks and the governments of the nations to ask themselves, their role and position in the future economic system.


    Regarding Cryptocurrencies the ultimate power vests in the wish and will of the people

    You are free to use the virtual currencies without anyone�s intereference
    Crypto currencies, specifically, Bitcoin, has made people realize and aware that you can actually conceive money in an absolutely new manner. By definition, the crypto currency cannot be issued and tracked by the central banks and governments. There is no person or institution that can reign authority or control over you. In fact, you can freely send and print the currency at your own will.
    Denmark perceived the cashless society concept before Bitcoin emerged in the economy
    There are nations like Denmark that have encouraged moving towards a cashless society. The idea of a cashless society has been perceived even before Bitcoin and other crypto currencies ever existed. But, the currency in Denmark is obviously centralized and under the authority of the banks and the government unlike the crypto currencies. Basically, you can possess digital or virtual money as a liability with the central bank instead of a private bank. Whether you execute and implement it with the blockchain technology or via the database functioning, won�t bring much of a distinction.

    There is a lot of talks going on regarding the crypto currencies. It is true that you can make a lot of money in a short period of time. Moreover, the processing fees of the most popular crypto currency, Bitcoin is also minimal. There are so many opportunities that crypto currencies allow you to make money. Are you tempted to invest money in crypto currencies?


    Crypto currency returns are excellent
    The performance on the crypto currencies is absolutely stunning. The question is whether you should invest in it spending your life saving or take a loan. With all the hype going round with the crypto currencies, you must understand that there is every possibility that the whole crypto currency investment can backfire you and make you penniless.
    Crypto currencies are volatile
    The volatile nature of crypto currencies can totally ruin you or even reduce your returns on the investments you have made. Hence, if you are aware of what you are investing in. When you lack the knowledge of the crypto currency type, and the pros and cons of investing in it, you can fall in the trap of the crypto currency hype.
    You cannot become rich overnight
    You have to very well understand that investing in crypto currencies is not a scheme of making you rich easily. It generally needs about one or two years in order to make considerable rewards in Bitcoin investing. Using all your savings or taking a loan can be quite a risky thing, especially when you absolutely don't have the knowledge of the different crypto currency technologies and coins.

    Be informed of the investment you are making

    It is necessary to be informed, and arm yourself with the knowledge of the entire thing before jumping into a decision. This can definitely help in the significant reduction of the risks associated with the crypto currency investment. Furthermore, you have to identify the crypto currencies that are backed by the solid fundamentals.

    You must ask questions to yourself before investing:

  •   Does the crypto currency you are investing have any issues?
  •   What is the value of return you will receive?
  •   Are there any other similar competitors? If so, you must study and compare their valuations.
  • Often, there are red flags associated with the crypto currencies. The above mentioned points can be helpful in analyzing why shouldn�t invest in the crypto currency that you choose to.

    Image There are no fixed returns on crypto currencies

    You must get used to fact that there is no such concept of making fixed returns while you invest in the crypto currencies. Various scams and Ponzi schemes in association with the crypto currencies have become very dominant in the market. It is advised that you shouldn�t fall prey to such frauds and scams and be careful enough to prevent such unwanted circumstances.
    Prediction of the long term benefits are not easy
    Crypto currencies are highly volatile in nature and speculating the assets are quite challenging. It is more or less similar to gambling where you should invest only that you have the potential to lose. You will be exposed to tons of crypto currencies in the current market. You will be attracted to invest in them. But, may be, ten years down the line, such crypto won�t have their existence. Hence, it is very difficult to make any prediction regarding the long term potential and benefits of the crypto currencies that you are currently investing in.

    Hacking and other scams are associated with the crypto currencies
    As technology is getting advanced, we are getting more dependent on the cyberspace and becoming victims of hacking, phishing and online frauds. Cyber scams have become bigger and greater today and you are always under the threat of getting robbed online.
    Common forms of online fraud
    Cyber crimes can be committed only on the internet and are created because of the presence of WWW or the World Wide Web. There are different types of such crimes that are delivered by the criminals. The most common forms include

  •   E-mail phishing
  •   Hacking the personal information or details of the users
  •   ID decoding
  •   Virus imitation, and,
  •   Other types of cyber vandalism.
  • In fact, there are some crimes that are not known to the people and thereby people fall into the trap. Do you know it is the evolution of the internet and itsdiverse usage across the world that makes the sources of cyber crimes?

    Image Crimes and hazards calling protection forth
    You need to be careful and extra cautious while online

    According to the reports of the reliable sources, the majority of the offenders belong to the 18-30 years of age group. You can protect and shield yourself from such situations by being careful, cautious and knowledgeable. Think twice before you are giving out any personal information and watch out for doubtful e-mails. Furthermore, run anti-virus and anti spyware software applications in your systems and always try to use unique passwords that no one can crack.
    The digital or the crypto currencies have witnessed a hell lot of problems with the cyber criminals and hackers over the years of their existence. There are some easy targets, especially those involved in the largest Bitcoin and other crypto currency transactions. Have you acquired a lot of Bitcoins over the years? If your answer is a yes, you must seek for additional precaution and safety.
    Using a hardware or paper wallet as a means of safety
    The safety against the cyber hackers lies with the cold storage via a hardware or a paper wallet. But, unfortunately, according to the recent studies of the University of Edinburgh, the security measure has been identified with a number of security loopholes. Hence, crypto currency always possesses the risks of scams and frauds as compared to other investments.
    You can easily misplace the crypto currencies
    Crypto currency operates in a very complex and mysterious algorithm that many are not aware of it. In fact, it is quite difficult to understand out where are you storing your hard earned money. A case of UKresident, Mr. James Howells claimed to possess tens of millions of Bitcoin dollars. He stored on a hard drive, but he accidentally misplaced it and it became a trash.
    Investing in stocks requires you to have licensed custodians
    When you invest money in stocks, there a custodian, who holds the stocks combining the physical as well as digital records and also verifies the transactions. The fund managers are bound to use the licensed custodians, which in return helps to limit the risks involved with the loss and theft. Moreover, you also get the option of buying stocks from the companies directly.
    There are no licensed custodians in crypto currencies
    Such is not the case with the crypto currencies, as there are no licensed custodians involved, who assures the quality of the crypto currency transactions taking place. This is one of the primary problems faced by the digital currencies. Sadly, there isn�t any technology available as of yet in respect to it. There are several questions that arise regarding ownership records of crypto currency:

  •   What is the software functionality?
  •   Who has the exclusive ownership?
  •   The validated existence of the digital currencies
  •   The impact of hacking and threats on the guardianship of your assets
  • Crypto currencies are not at all easy and simple to trade
    Bitcoin, as a digital currency has gained immense popularity across the globe. But, the irony is that it has been robbed of one of the most vital functions, that, it is making the payments digitally. Stripe, the digital payment processor has ended its complete support for Bitcoin. Hence, it won�t be wrong to mention that Bitcoin and other crypto currencies have become less functional or beneficial for the payments.
    The crypto currencies are not liquid assets. Hence, they are not capable to be included in the licensed funds. A certain percentage of money needs to be kept in the assets so that it can be sold without delay, in case, you, as an investor desire to get some cash back instantly.

    Investing in crypto ETF can be a risky venture
    The ETF structure is not compatible with the way the crypto currencies trade in the current market. This match is known as an arbitrage in the economic domain. The arbitrage can prove to be disadvantageous to you, as an investor, especially when you don�t have the updated information about the market conditions.
    Instances of arbitrage in digital currencies more common
    In the recent times, it has been a major concern for the regulators that the crypto currencies are more prone to the arbitrage. This because of the relatively low volume of the digital currencies and the extreme price swings that are experienced. For instance, last year, the price of the Bitcon was found to swing around 30% and even more in a day for six times.
    Crypto currencies had been shut down
    There is another problem that has been faced by the digital currencies. It is already seen that the most profit making Bitcoin transactions and exchanges have been shut down suddenly without any signs of warnings. According to the reports, more than $1 billion crypto exchange value has been shut down last year. In December, 2017, the currency exchange has to shut down two times in a span of seven days.
    The issue needs to be addressed with a practical solution. There needs to be a mechanism that can report with the unpredictability of the crypto currencies and other such instances. An answer has to be identified in respect to the effect on the market price with the crypto currency exchange shut down.


    The real concept of creating Bitcoin was primarily to come up with an alternative to the high transaction fees of the banks. People started Bitcoin trading with the idea that they don�t have to experience the high fees associated with the banks and thereby save money. But the reality is quite different from the notion or the idea.
    A percentage of the total transaction amount is charged
    When you are trading crypto currencies, you will have to bear the cost of the services? How much will the process cost you? Well, you will be charged with a fraction of the percentage of the total transaction amount. The fraction obviously depends on the exchange. Hence, it is a myth that crypt currency trading doesn�t require any processing fees or it is easily affordable.
    Avoid crypto currency exchanges via the currency wallet
    You will be happy to know that you have options to avoid the complete exchange process. It will be conducted with crypto currency wallet, allowing you to buy as well as sell Bitcoins. The crypto currency wallet is an app that you need to download on your smart phone. The fee structure is different. It depends on the total number of participants buying and selling the Bitcoins worldwide. The fees are higher when there are more individuals involved in the crypto currency trading.
    There was an instance that took place that makes the higher fees related to higher people trading even more clearly. As per the reports of Bitinfocharts, a fee tracker, an average wallet transaction fee while Bitcoin trading costed around 6 cents. But, in December, 2017, when there was a higher number of people involved with the trading, the transaction fees increased to $55 every transaction.

    In conclusion
    The bottom line is that investing and trading in crypto currency have the potential for making huge revenue in a short period of time. You will find a lot advices on the same, and the dominant press coverage makes it even more accepted around the world. The speedy growth had led to the volatile nature of the crypto currencies. Moreover, you need to have the knowledge to understand the crypto currency market well.
    Since the crypto currency trading is new in the market, it has some stability issues and is risky as well. You must be aware of the risks, weigh them in contrast to the rewards you will get, and accordingly make the right choice.


    In today�s world, the Bitcoin economy is rapidly raising day by day. Every day start-ups are entering in this field and also try to offer traditional services by using Bitcoins.If you desire to enroll or participate in Bitcoin economy, you will get a great benefit. Those businesses which participate and operate in the Bitcoin economy enjoy free publicity of their business within the Bitcoin community.


    You don�t have to spend much because the transaction fee is nil
    Being a part of the Bitcoin community is impressive because of its zero transaction fees for trans-continental money transfers and instant transfer of money without any third-party interference or delays. The most beautiful fact is that you can reach or contact each person in the universe who is using the internet facility.
    Bitcoin economy is distinct and unique from others
    The main and the most exciting thing which makes Bitcoin economy unique is that you can contact those people easily through internet�s help. Bitcoin is going to increase every time. Thus, if you are keen and want to participate in Bitcoin economy, then do it right now. Don't wait for any longer before it is too late for you.
    What do you know about Bitcoin?
    Bitcoin is said to be a unique form of digital currency which is used by many traders as well as investors across the globe. You can trade bitcoins in an exchange market. If you wish, bitcoins can be spent and save as well as invest. In other words, Bitcoin is a global cryptocurrency. Crypto-currency once circulated in the market; it gives rise to the Bitcoin. This is a digital payment system which is known as the first decentralized digital currency that works without a central repository or single administrator. This started in the year, 2009 by an anonymous person with a nickname of Satoshi Nakamoto. Today, the bitcoin trading has become popular across the globe. In fact, there are speculations that it will take over the mainstream currency in a decade or so.
    Bitcoin and bitcoin cash are different
    Bitcoin cash is different from Bitcoin because it is the continuation of the Bitcoin project as peer-to-peer digital cash and a fork of the Bitcoin blockchain ledger. It is an upgraded consensus rule which allows a bitcoin cash to grow. You will be surprised to know that if you own Bitcoin at the time Bitcoin Cash was created, immediately you became owners of Bitcoin Cash. This happened until 1st August 2017. Any transactions after the August 1st are entirely separate between Bitcoin and Bitcoin Cash. This means any Bitcoin acquired after that day does not include any Bitcoin Cash, as well as any Bitcoin Cash, does not contain any Bitcoin. Hence, both bitcoin and bitcoin cash are different.
    Highly secured transactions
    The transactions of Bitcoin cash are highly secured and handled by the algorithm. Nowadays, Bitcoin cash has raised the block size limit to 8MB which is good for everyone and have the productive capacity to perform transactions. The bitcoin cash network was increasing due to low fees and fast confirmations. Everyone like merchants, businesses and investors are interested and try to build a future with real peer to peer cash or Bitcoin cash.
    The fastest way to generate bitcoins
    Mining is a robust process which has produced to buy free bitcoins by solving computer algorithms called as blocks. These mathematical problems are severe and take a lot of time to resolve. If you are not able to buy free bitcoins by mining, then you can go for the simple way to buy them directly. If you want to buy more bitcoins in the market, then you need a computer or laptop and install some mining software and start solving the problems. You even want to make faster bitcoins; you can create a team and decrypting several blocks or challenge at the same time.
    Simplest and most natural way of bitcoin trading
    The simplest and the most natural way of trading bitcoins is that you should go straight to the markets and search for the reputable and reliable Bitcoins exchanges operating in the market. At first, register yourself and Sign up as well as make an account. This thing will help you to know your current information about the working stocks of Bitcoins. You can easily trade bitcoins on the online trading platform.
    The advantages of Bitcoin
    Bitcoin is a growing virtual currency across the world-wide. The bitcoin has specific advantages which are enhancing its popularity vastly among people. There are some significant advantages of Bitcoin that will you enjoy
    You don't have to pay any tax amount
    Generally, whenever you buy anything via dollars or any other currency that also includes some money as a government tax. This taxation amount is not applicable through Bitcoin. Bitcoin doesn't contain any extra money paid as a tax. This is the best advantage of being a Bitcoin user.


    Your transactions are safe and secure
    Bitcoin offers most safe and secure online deals to users. All Bitcoin transactions are discrete, and no one ever finds your identity or information. You can quickly transform bitcoin into USD and vice versa.
    Easy and flexible online payments
    Bitcoin is an easy as well as a simple online payment system. The users can easily buy online products across the world with the help of internet connection. You don't need to fill in details about your personal information while purchasing through Bitcoin.
    No intervention of outsiders or government
    One of the significant advantages of Bitcoin is that it doesn�t permit any third party to intervene in its affairs. Governments, banks and other financial intermediaries have no authority to disrupt user transactions or freeze a Bitcoin account. Bitcoin is based strictly on a peer to peer system. Fewer chances of having frauds
    Bitcoin transactions are irreversible, which protects users from any fraudulent chargebacks that are increasingly common with credit cards. The receipt and payment process of Bitcoin is entirely neutral, transparent and predictable.
    Is Bitcoin right for your business?
    Are you interested in using a new form of payment for your business? You can try the bitcoin option because it offers excellent benefits which enhance your activity and it is profitable for your future business. How much is BTC right for you? There are specific facts which make bitcoin right for your business. Let us have a look at them.
    Bitcoin offers quick transactions
    Generally, credit card transaction needs a lot of time or steps to complete, but bitcoin won't need a long time for the operation to clear. Bitcoin is a peer to peer payment system which is done digitally. No intermediary or third party work for bitcoin. This means hardly bitcoin take a few minutes to complete transactions. You don't have to wait for a long time and worry about credit card payment procedure.
    A global currency
    Bitcoin is a global currency which is used throughout the world for online transactions. Thus, it will quickly exchange from one national currency to another. It establishes the international commerce experience more straightforward for both the merchant and the client.
    Leave no paper trail
    Normally paper trail required for accounting details, but not in bitcoin. All the transaction and accounting records are done online digitally systematically. You just need to get a system of accountability for all bitcoin.


    Lower processing charges
    Mostly during trading, investors or users have to pay certain fees or expenses for each transaction. During bitcoin transaction, you don't have to pay any amount of charges or fees. It is very less or sometimes zero as compared to other. Therefore, clients or customer prefers bitcoin more, and it is suitable for business purpose
    Why is Bitcoins gaining so much popularity in the forex trading?
    The forex trading market is the most popular and largest as well as the liquid market in the world. This is a big fascinating currency trading market all over the world, but nowadays forex brokers are accepting and using bitcoins for currency trading. Its provide benefits and gain to the investor and brokers. There are several reasons of why Bitcoins were becoming popular in the forex trading. Let us have a look.
    Don't have to pay any transaction costs
    All the bitcoin transactions are digitally done without any involvement of banks, government or third party. So, there is no fees or cost payment for bitcoin transactions. Due to this, brokers also don't impose any cost or expense to the clients for bitcoin transactions which enhance trade profits.
    Benefits of decentralized valuations
    Bitcoins were gaining popularity in the forex trading because there is no central bank or government interruptions to change bitcoin valuations. Due to decentralized valuations quality, the bitcoin rates are free and not get affected by any political changement as well as economic issues like inflation.
    Less cost of trading
    Most of the forex brokers accept or use cryptocurrency because brokerage costs are meager and less than others. This exceptional quality attracts and increases new bitcoin trading clients in the forex trading.
    Fully secure transactions
    You will need not to worry about privacy as you will not reveal your bank account, credit card or any personal information with bitcoin transactions. Even when you are dealing with foreign brokers. It offers safe and secure transactions.
    No restricted boundaries
    You can quickly do the Forex trading from any place of the earth by using bitcoin transaction. Bitcoin transactions have no boundary restriction. If a trader and broker both want to do the operation, then they will quickly trade forex.
    Is bitcoin safe for investment?
    Do you know Bitcoin cash is a safe and secure investment for your future? Every investment has some risk as well as the gain factor. Bitcoin is an online digital currency as like a dollar or a pound, but with a few exceptions. You can only trade bitcoin online and generate bitcoin by converting your physical money as well as by mining internet process. It can be used for all kinds of online investments, purchases, and international transfers.
    Bitcoin trading is safe
    Bitcoin offers safe, fast as well as a secure transaction option, but very few people are interested in bitcoin trading. People are afraid to take risks about thinking of uncertain future gain. It is a new technology investment that many people are not able to understand correctly and show less confidence in the digital currency. They are unaware of Bitcoin�s great benefits and big profits.
    A valuable asset for the futureAs per analysts, Bitcoin is one of the most significant assets for long-term investment. As the time passes, Bitcoin has gained popularity itself within a minimal period. The Bitcoin prices are rapidly increasing every time and continue dominating the market which is generating interest in many individuals to invest in bitcoin.
    A profitable investment for future?
    Bitcoin is a more natural and straightforward path to make the online investment in the digital currency. The user of bitcoin just needs a laptop or computer and internet to access it quickly. If you want a secure investment for your future, go for the Bitcoin investment.
    There are certain limitations that cryptocurrencies face in the present market. The one very prominent being the digital currency getting completed deleted with a computer crash. Moreover, your virtual vault also has the potential threat of being hacked by cybercriminals. Such shortcoming can be overcome with the advancements in technology in the years to come.


    A widespread acceptance is required
    Within a few years time, we cannot deny the fact that more and more merchants are accepting cryptocurrencies, though the number is still very minute. It is essential that the cryptocurrencies acquire a widespread acceptance among the customers. Once there is acceptance, cryptocurrencies will become more widely used in the market. But, it will be more acceptable to those who are tech-savvy, barring its acceptance among the illiterates and nontech savvy customers. We shall have to wait for sometime and then watch whether Bitcoin can take over the mainstream currency as speculated in the coming few years.

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