Cryptocurrency trading is becoming more commonplace. What at first seemed like something out of a science fiction movie has allowed the first intrepid people who tried their luck to make a lot of money. Today, cryptocurrencies are volatile, and their future is uncertain, but we cannot afford to ignore them. At the moment, their profitability is quite high, and they are attracting a large number of transactions. However, it should be noted that this is a very risky investment. We therefore advise you to remain cautious and not to devote more than 10 to 15% of your investment amount to them.
Just like the dollar and the business owner database euro, these new currencies are currencies, but unlike the latter, they are digital.
Cryptocurrencies make the Internet of Value , or Internet of Money , possible. These are Internet applications that allow the exchange of value in the form of cryptocurrencies . Value can be anything from valuable assets to contracts to intellectual property.
The Internet of Value already used payment systems.
PayPal:
There are a number of differences between PayPal and cryptocurrencies. PayPal is a payment service using private networks (credit cards and banks). Cryptocurrency trading, on the other hand, is done without intermediaries. It is a free transfer system between the buyer and the seller.
Features and benefits of cryptocurrencies
In 2009, when the first cryptocurrency appeared, we were far from imagining that it would come so far and even manage to make a place for itself in the world of trading. However, it had characteristics that predisposed it to this use.
Compared to normal currencies, its main advantages are:
The speed of operations. Making a payment on the Internet is fast, but the settlement of operations between the different parties takes much longer. This is why, in traditional stock market operations, the seller receives payments several days later. The actual payment therefore occurs later. With cryptocurrency trading, it only takes a few minutes. This is one of its great advantages, but it is not the only one.
The costs of operations are reduced, since there is no longer any need for intermediaries to carry them out.
There is no longer any need to use financial agents to carry out transactions.
Cryptocurrency trading: which are the best known?