4 Ways To Benefit From Cryptocurrency

Posted by elain martell on November 25th, 2020

Cryptocurrency users and investors are gaining more and more value every day. How are they getting benefits? We share four ways that you can take advantage of your cryptocurrency account right here-

1. Earn compound interest on cryptocurrencies

Crypto investors take advantage of various wallets providing interests on their crypto accounts. On the other hand, several lending platforms offer the loan based on your crypto assets, from Bitcoin Dealers. You can borrow 60% of the value of your crypto. If you want to buy and exchange Bitcoins in Australia, then head over to the https://bitcoindealers.com.au/buy-bitcoins.html.

2. Low-cost and faster transactions cross-border

A low-cost transaction fee is the most well-known and beneficial feature of cryptocurrency. International cross border payments are faster with cryptocurrency than by using traditional banks. These days, Bitcoin is not the only cryptocurrency to transfer faster. But several cryptos such as Litecoin, Ripple, and Ethereum takes only 10-15 minutes for international transfer while traditional banking infrastructure takes more than 3-4 days.

3. Identity protection and anonymity

Cryptocurrency transaction takes place in full incognito mode. When you purchase a product online with Bitcoin or any other cryptocurrency, your information is not detectable by the central government bank. On the other hand, when you buy a product or service using traditional bank transfers, the consumer's personal identifiable data are stored. The bank can tap into the information of your usage anytime.

4. Get investment and seed capital for a startup venture.

Cryptocurrency fundraising allows global startups and market to flourish. That means Bitcoin offers you the best possibility to fund your startup. Currently, the United Nations Children's Fund (UNICEF) offers fund and financial support for female-funded startups in developing blockchain-based software solutions. UNICEF Cryptocurrency Fund is an initiative of Covid-19 relief.

Finally, these days, several marketplaces enable blockchain payment easier and much more straightforward. It is expected that by the end of 2025, crypto users can also buy daily amenities from selectable crypto stores. But, for now, De Louvois is allowing crypto rich people to purchase sports cars, and that includes Lamborghini too.