There is no doubt about the fact that Bitcoin Evolution has happened and it has changed the world in a way that is inevitable. Without it, the world would have been a different place today. Whether this is a good change or otherwise, this debate has been going on since this market came into picture. Let’s look at both sides of this debate.
Advantages of Cryptocurrency Exchange
There is no doubt about the fact that this is one of the most liberal markets that there are. The payment using bitcoin can be made from anywhere at any point in time even without a banking system.
It is almost ironic how the most liberal market is the one where you have the most privacy. Unlike bank transactions, the payments made here are not tracked and kept check of
- Low Minimal Fees
The additional fees for investment that is other than the investment is so low, it is almost negligible. You have to pay a transaction fee only when you want to speed up your transaction.
- Less Risky
Compared to the risk involved in the stock market, that the cryptocurrency market is comparatively less.
- Great Way for Beginners
Investing in cryptocurrency market, is a good way for beginners who wish to get into marketing. It is also a good platform that do this as a side business.
Disadvantages of Cryptocurrency Exchange
- Degree of Acceptance
Even though Bitcoin has come a long way from where it started, it is still far behind the stock market. A lot of people are still unaware of this market.
The prices of the Bitcoin increase and decrease at a very rapid pace and therefore most people are not very comfortable in investing in the same.
- High Dependence on the Internet
The Bitcoin transactions and its speed largely depend on the mining efficiency and the availability of the internet. This is not a very concrete and secure medium.