The Benefits of Using Bitcoin and Cryptocurrency for Investments

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Cryptocurrencies have increased in popularity, even though many individuals were initially apprehensive of digital assets competing with traditional investing. The cryptocurrency trend began with a few well-known names, but new currencies develop every year. On the other hand, the unexpected growth and popularity of new coinage have far-reaching repercussions, beginning with banks and ending with customers like you. You’ll need to grasp where cryptocurrencies originate from and how they interact with modern banking if you want to keep your money safe in the coming years.

However, due to the delicate and sophisticated nature of the market’s operation, a backup system is essential to assure that Bitcoin traders benefit 100 percent. As a result, trading robots have become increasingly popular. Bitcoin trading robots utilize artificial intelligence to facilitate successful Bitcoin trading and ensure traders get the maximum return on their investment. BitConnect reviews the most popular Bitcoin Robots in the market. To learn more about Bitcoin Robots, you can visit bitconnect.co.

What are Cryptocurrencies?

You’ve probably heard the word “cryptocurrency,” but what does it mean? Simply put, Cryptocurrency is a type of digital currency that can use on the internet. It doesn’t have a definite shape, but it exists on a server as part of a blockchain, storing activity data in blocks without revealing personal information. A bank or other conventional lenders do not guarantee them, and all trades are securely encoded to protect personal information.

Bitcoin, typically regarded as the first successful Cryptocurrency, made a tremendous mark in the crypto industry. It’s a peer-to-peer online payment system designed to decentralize and eliminate mediators. New cryptocurrencies entered the market as Bitcoin’s popularity rose, providing potential investors more options year after year.

Although the privacy and protection of transactions were essential selling features, investors were most interested in the investing options. Quick access to online Cryptocurrency gives an alternate investing opportunity for people unable to use regular banking goods. Investing in cryptocurrencies has several benefits, including the following:

•   Money saved on fees

•   Easy access to a wide range of investment opportunities

•   Managing direct investments

Because of these benefits, Bitcoin and other cryptocurrencies went from skepticism in 2009 to being a sought-after resource less than a decade later.

The Benefits of Bitcoin and Cryptocurrency Trading

Cryptocurrency volatility.

Volatility in the bitcoin market is part of what makes it so enticing. Rapid intraday price movements can give traders long and short alternatives, but they also come with more significant risks. Do your homework and build a risk management strategy before jumping into the bitcoin market.

Cryptocurrency trading hours

Because the bitcoin market has no centralized administration, it is often open for trade 24 hours a day, seven days a week. Individuals transact with Cryptocurrency-on-cryptocurrency exchanges all over the world.

An increase in Liquidity

Turning Cryptocurrency into cash without causing a market price to fall quickly and efficiently is known as Liquidity. Liquidity is vital because it enables better pricing, shorter transaction times, and more accurate technical analysis.

The bitcoin market is illiquid because of the distribution of transactions among several exchanges. It means that even modest transactions can hugely impact market values. It is one of the reasons why bitcoin values are so erratic.

When you trade bitcoin CFDs with IG, however, you may take advantage of better Liquidity because we collect prices from various sources on your behalf. It means your trades will be completed faster and at a lower cost.

Mobility over long and short distances

When you acquire a cryptocurrency, you’re investing in the asset, intending for it to rise in value over time. On the other hand, when trading the price of a cryptocurrency, you can profit from both rising and falling markets.

Leveraged exposure

You can open a position on margin, which is a deposit worth a fraction of the trade’s total value because CFD trading is a leveraged product. Put another way; you can obtain a lot of exposure to the bitcoin market while investing only a modest amount of money.

Because the profit or loss you make from your bitcoin transactions will represent the total value of the position when it is closed, margin trading allows you to make a lot of money with a modest investment. However, it can compound any losses, potentially exceeding your beginning investment in a single transaction. For this reason, before trading CFDs, it is vital to check the leveraged position’s total value.

Account creation is faster

Purchasing cryptocurrencies through an exchange necessitates the setup of an exchange account to store the coin in your digital wallet. This method may be time-intensive and restrictive.

You won’t need a direct connection to the exchange if you trade bitcoin with IG because we’ll be open to the financial instrument on your behalf. You will not be required to open or manage an exchange account, so you can start trading right away. You might be dealing with our simple application form and rapid online verification in less than five minutes.

Persons’ ownership

You pass up control of your cash to a third party with the capacity to give your assets life or death in a standard banking or credit card system. For violations of a financial institution’s Terms of Service, users may delete accounts without warning, causing you as the account owner to jump through hoops to re-enter the system.

The fact that you are the sole owner of the private and public encryption keys that make up your bitcoin network identity or address is perhaps the most significant of all cryptocurrency benefits.

Conclusion

As crypto evolves, it will become more stable, making it easier to transfer and utilize as a store of wealth, allowing businesses, governments, and individuals to use it in their daily lives.

Cryptocurrency is still in its infancy, and some people are skeptical of it, but it is here to stay, has become ingrained in our daily lives, and will soon be a universal currency. Given its great acceptability and appeal, Cryptocurrency has a bright future.

What is Cryptocurrency and How Does it Benefit Me?

While initially many were many skeptical about digital assets competing with traditional, cryptocurrencies have become increasingly common. The trend started with a few big names in the cryptocurrency world, but new currencies are being introduced each and every year. However, the sudden appearance and popularity of new currencies have far-reaching consequences, starting with banks and ending with customers like yourself. Understanding where cryptocurrencies came from and how they interact with modern banking is essential if you’re looking to keep your money safe and sound in the coming years.

What are Cryptocurrencies?

You’ve likely heard the term “cryptocurrency” being thrown around now and again, but what does it really mean? Simply put, cryptocurrency is a type of currency that exists entirely online. It does not have an actual physical form, but exists in a blockchain on a server, which stores data regarding transactions in blocks without personal identifying factors. They are not backed by a bank or other traditional lending institutions, and transactions are highly encrypted to keep personal information private, regardless of the transaction being made. Even so, they cannot be used for every purchase online. More often than not, they are bought as a form of investment rather than as a means to secure purchases from online shops.

The world of cryptocurrency made its first big debut with Bitcoin, which is credited as the first successful currency of this type. It was described as a peer-to-peer electronic cash system, promising to decentralize and cut out any sort of middle man entirely. As Bitcoin rose in popularity, other cryptocurrencies came into the market as well, giving potential investors access to more options each and every year.

How Did Cryptocurrencies Become Popular?

While safety and security with online transactions was a definite selling point, it was investment possibilities that drew attention from the masses. For those who were unable to take advantage of traditional banking products, easy access to online cryptocurrencies gave another way for this group of people to invest. There are several benefits of investing in cryptocurrency, including:

  • Avoiding fees
  • Easy access to a wide range of investment opportunities
  • Direct control over investments

Because of these benefits, Bitcoin and the other cryptocurrencies rose from skepticism in 2009 to being a sought-after resource less than a decade later.

What are the Downsides to Cryptocurrency?

Cryptocurrencies might seem like a beneficial opportunity, but they are not without their drawbacks. Some of the big disadvantages to consider include:

  • Cybersecurity
  • Lack of regulation and supervision
  • Volatile value
  • Lack of inherent value
  • Infrastructure stability problems due to fast growth

How Does Cryptocurrency Compare to Traditional Investing?

As cryptocurrency investing gains popularity, more people are apt to choose the option that is more convenient. Therefore, many who might otherwise invest in a more traditional way have turned to cryptocurrencies instead. This means less business for banks and investment firms, which in itself has far-reaching consequences.

However, because the value of cryptocurrencies isn’t backed by anything, investments can be highly unpredictable. That’s one of the reasons why these currencies cannot take the place of a local bank. While they provide an investment opportunity, they can’t offer stability, which is what you need when it comes to your cash. Furthermore, this currency can’t secure mortgages, loans, or other services you’ll need throughout life. This is why continuing to work with your local bank is important, even if cryptocurrency strikes your interest.

How Does This Affect Banking Customers?

While cryptocurrencies are new and exciting, they simply cannot meet the demands of consumers. Cryptocurrencies cannot be used to secure a mortgage, a car loan, or any of the other financial needs you may have. For these forms of financial support, working with your local bank is imperative.

Keeping your cash in a bank allows you to have easy access to funds whenever you need it, and it won’t be tied up in a currency investment that could drop in value at any given time. While it might mean the minor inconvenience of driving to your branch now and again, you’ll experience easier access to the services you need, along with better security for your hard-earned cash.

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In short, while cryptocurrencies are more convenient than traditional banking and investing options, they are simply not as secure as using your local bank. When you use your bank, you can rest assured that your cash will retain its worth and that the practices surrounding how your money is invested are highly regulated by federal law. All in all, if safety and security are what you’re looking for, finding a local bank branch is the best route.

Getting caught up in the latest and greatest currencies, financing, and investing opportunities is easy, but making smart decisions about your future takes careful planning. There’s no better place to start than by gathering information and working with experienced professionals, who have the know-how and expertise to steer you in the right direction.

Five Advantages Of Investing In Bitcoin

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When the Bitcoin White Paper appeared in 2008, signed by Satoshi Nakamoto, surely no one could have imagined that, just over ten years later, this cryptocurrency would lead an increasingly large and attractive market for all. Today there are several platforms, including automated robot trading applications like bitcoin-evolution, that allow anyone, both the most experienced and the novice, to embark on the adventure of investing and making money with bitcoins. 

A first advantage of investing in Bitcoin is that this is still the leading cryptocurrency, not only because it was the first that existed, but above all, because it was the one with the highest price in the market. The number of bitcoins is not infinite, just 21 million, but it will only arrive there around 2030. Currently, the vast majority of virtual stores that accept cryptocurrencies as a form of payment include, in the first place, Bitcoin. 

The fact that it is not controlled by any Central Bank or government is typical of cryptocurrencies and of course Bitcoin benefits from this decentralization since its value is not affected by traditional economic standards. It is true that the price of Bitcoin has fluctuated, since the boom of December 2017 where it was quoted at almost 20 thousand dollars to the present, with a price that has reached 50 thousand dollars! This fact is the main reason why more and more investors are deciding to buy bitcoins from trusted sources such as Coinjournal

Completing a bitcoin transaction on the blockchain is a quick process since it can be done in a matter of seconds, from anywhere in the world; It is safe because it is impossible to falsify or duplicate a bitcoin, from the cryptographic techniques that accompany the process and everything can be done under a semi-anonymity unthinkable with traditional money. Each transaction carried out on the blockchain does not show who carried it out, only the address of the electronic wallet at the beginning and end of the transaction, as well as the amount of the operation. 

Also, the cost of making a bitcoin transfer, no matter the amount, is very low. The person always has control over their bitcoins, since there is no one who can prevent a transaction from taking place or block an account. 

Another distinctive and very advantageous element of Bitcoin is that it opened the possibility for anyone to invest. For a long time, not a few saw the process of investing as an activity limited only to specialists and people with great capital. This has been left behind since in a certain way digital platforms have come to democratize investment. 

These platforms have very modern software that allows users of said platform to carry out transactions automatically. It is not necessary to have great knowledge about the world of investments, just let the software make the decisions and make money. 

An investment is never totally safe and Bitcoin’s price volatility raises logical doubts, but despite this, it is still a profitable investment for those who bet long term. Cryptocurrencies have transformed the economy and traditional currencies will definitely have to update and adapt to change or they risk disappearing. 

8 Pros and Cons of Bitcoin

pros-and-cons-of-bitcoin

No matter where you land on the financial spectrum — a traditionalist who favors hard cash or an investment aficionado — in this day and age, you’ve most certainly heard of cryptocurrency and maybe even some pros and cons of cryptocurrencies. Cryptocurrency has become increasingly popular over the past few years, with roughly 14 percent of the U.S. population owning some form of cryptocurrency as of March of 2021. What’s more, an estimated 46 million Americans own Bitcoin.

Bitcoin is one of the oldest and most popular cryptocurrencies that exists. And for the cryptocurrency curious, it’s where you might consider dipping your toes into cryptocurrency investing. So if you’re asking yourself, “Is Bitcoin worth investing in?” or “Is it smart to invest in Bitcoin?” understanding the pros and cons of Bitcoin can help.

Pros of BitcoinCons of Bitcoin
Accessibility and liquidityVolatility
User anonymity and transparencyNo government regulations
Independence from a central authorityIrreversible
High return potentialLimited use

Advantages of Bitcoin

Although Bitcoin was created in 2009, it’s still considered a relatively new kind of currency, which comes with a lot of misinformation. Learning about the benefits of Bitcoin can help you decide if it’s a good investment opportunity for you.

1. Accessibility and Liquidity

One of the biggest advantages of cryptocurrency is it often sees no borders, and Bitcoin is no exception. A major benefit of Bitcoin is that it’s a very accessible and versatile currency. Since it only takes a few minutes to transfer bitcoins to another user, it can be used to purchase goods and services from the ever-growing list of places accepting it. This makes spending money in another country and exchanging for other currencies easier, with a bonus of having little to no fees applied. Bitcoins can also be easily sold at any moment.

2. User Anonymity and Transparency

Although not completely anonymous, Bitcoin users are identified by numerical codes and can have multiple public keys. This ensures there’s no public tracking, and transactions can’t be traced back to the user. Despite the transactions being permanently viewable, which gives you transparency, they’re still kept safe from fraud due to the blockchain technology. On top of that, only you, as the wallet owner, would be able to know how many bitcoins you have.

For added security and anonymity, even if the address for your wallet became public, you could generate a new wallet address to keep your information safe. Compared to a traditional currency system in which personal information could be leaked from a bank, no other personal information is required to conduct Bitcoin transactions, which increases user privacy.

3. Independence From Central Authority

Bitcoin is a decentralized currency, meaning it’s not regulated by a single government or central bank. This means that authorities will likely not freeze and demand your coins. There’s also no viable way that a taxation would be implemented for Bitcoin. Theoretically, this gives users autonomy and control over their money, because the price isn’t linked to government policies. And generally, cryptocurrency users view this as one of the main advantages of Bitcoin.

4. High Return Potential

Bitcoin prices can be highly volatile, changing drastically on a monthly and even daily basis. For instance, in March 2017, Bitcoin was priced at $975.70, and in just a matter of months it spiked to $20,089 in December. A couple of years later, the price of Bitcoin reached an all-time high of $64,000 in April 2021.

This goes to show that although there’s high volatility in prices, cryptocurrency users might view this as one of the benefits of Bitcoin because it can result in a high return potential. And with a growing number of users believing Bitcoin is a promising global currency, many investors and businesses have decided to adopt it. This helps with increasing the higher return potential, especially for those who bought it at a lower price.

In addition, some investors believe Bitcoin will still gain value in the long term, with a possibility of reaching prices close to $500,000 by 2025. That’s because of its fixed supply cap at 21 million coins. And that supply cap will likely happen within a defined time frame, which many believe will enhance the value of Bitcoin over the long term.

cons-of-bitcoin-2x

Disadvantages of Bitcoin

Despite its rapid growth and an increasing number of users, there are some disadvantages of Bitcoin to consider, especially if you’re wondering, “Is it worth investing in Bitcoin?”. Like in many financial decisions, the more you know, the more informed a decision you can make on whether Bitcoin is worth investing in.

5. Volatility

When Bitcoin was created by Satoshi Nakamoto, a limit was set of 21 million bitcoins that could ever exist, which is why some regard Bitcoin as being absolutely scarce. This scarcity is what makes Bitcoin so valuable, but also what makes its prices vary because the price is now the only variable that can change to ensure demand.

There are also other factors that influence Bitcoin’s volatility such as headline-making news that is perceived as bad by investors, the uncertainty about its future value and uses, as well as security breaches.

6. No Government Regulations

Sure, a decentralized currency can be viewed as one of the benefits of cryptocurrency, but it can also be considered a disadvantage of Bitcoin, since it means investing in Bitcoin is not regulated. Unlike a currency that’s regulated by a central bank, Bitcoin transactions don’t come with legal protection and typically are not reversible, which makes them susceptible to scams.

Another issue with Bitcoin being decentralized is that there’s no guarantee of a minimum valuation. So if a big group of investors decides to stop using bitcoins and sell them, the value of it could decrease greatly and affect users with a large amount of the cryptocurrency.

7. Irreversible

Since Bitcoin transactions are anonymous and unregulated, another disadvantage is the lack of security. Transactions done through Bitcoin are irreversible and final, so nothing can be done if the wrong amount is sent or if it’s sent to the wrong recipient.

In addition, there’s a risk of loss. Many Bitcoin users choose to keep their bitcoins in a cryptocurrency wallet, which puts them at risk of losing their investments if they lose access to their private key. In case a hard drive crashes or a virus corrupts the records or even your wallet, your funds could become inaccessible or gone completely in a matter of minutes.

8. Limited Use

Even though there’s a growing number of companies that accept Bitcoin, such as Microsoft and some Subway franchises, it’s still not widely accepted. This puts a limit on where you can spend your money, unlike using a credit or debit card.

The Bottom Line: Is It Worth Investing in Bitcoin?

So, is it smart to invest in Bitcoin? Although there are some great benefits of cryptocurrency and pros of Bitcoin specifically, many people still view it as a risky investment. But, just like any investment, investing in Bitcoin requires you to do your research ahead of time.

Going through a list of pros and cons of Bitcoin is only the first step. It’s also a good idea to study how cryptocurrencies and crypto wallets work, how accessible the market is, as well as the expectations and risks associated with it. If you do decide to invest, remember that there are many tools available, such as the Mint app, that can help you track your cryptocurrency investments.

Hands holding Bitcoin coins.

The pros and cons of cryptocurrency: A guide for new investors

Find out which are the pros and cons of cryptocurrency17 JANUARY 2022

8 min read

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The following statements do not constitute investment advice or any other advice on financial services, financial instruments, financial products, or digital assets. They are intended to provide general information. The following statements do not constitute an offer to conclude a contract for the purchase or sale of financial instruments and financial products or an invitation to submit such an offer and to buy or sell any particular digital asset. Cryptocurrencies are subject to high fluctuations in value. A decline in value or a complete loss are possible at any time. The loss of access to data and passwords can also lead to a complete loss.


Cryptocurrencies have the potential to reshape the financial world as we know it, and to question the very existence of traditional financial infrastructure. But what are the pros and cons of cryptocurrencies? How do you decide which one to invest in—or whether to invest at all?

If you’re a little confused by cryptocurrencies, don’t worry. We’re here to break down the advantages and disadvantages of cryptocurrency, so you can learn everything you need to know. And if you’re still stuck, check out our guide to .https://www.youtube-nocookie.com/embed/VBc_1tJTX8o?showinfo=0&autoplay=0&modestbranding=1Cryptocurrency Explained in 26 Seconds

5 advantages of cryptocurrency

While cryptocurrencies are a relatively recent invention (Bitcoin, for example, started up in 2009), they’re definitely here to stay, with all their benefits. From prospects of hefty returns to 24/7 trading on ultra-secure, transparent infrastructure, the world of crypto has plenty to offer—if you know how to tap into it.

1. High risk—and the potential for high rewards

There are more than 10,000 cryptocurrencies on the market today and each one has its own particular quirks. But all cryptocurrencies have a few things in common—like their tendency to experience sudden spikes (and drops) in value. Prices are driven primarily by the supply of coins from miners and the demand for them by purchasers. And these supply-demand dynamics can result in hefty returns. The price of Ethereum, for example, roughly doubled from July 2021 to December 2021—quite the payday for investors who got on board at the right time.

2. The blockchain technology underlying cryptocurrency is inherently secure 

Some of the major benefits of cryptocurrencies aren’t linked to the currencies themselves, but to the infrastructure that supports them. That’s the blockchain—the decentralized data-storage ledger that tracks every transaction undertaken on it. Once you make an entry in the blockchain, it can never be erased. And with the blockchain stored decentrally across multiple computers, no hacker can access the entire chain in one go; any information stored in it is safe for good.

3. Bye bye traditional banks—hello to a fairer, more transparent financial system

By and large, our financial system revolves around third-party intermediaries who process transactions. This means that if you make a transaction, you’re placing your trust in one or more of these intermediaries—and the recession of the early 2000s made a lot of people wonder if that was a good idea. The blockchain and cryptocurrencies offer an alternative. They can be viewed by anyone, anywhere, so you can take part in the financial markets and make transactions with no intermediaries whatsoever.

4. Crypto trades around the clock

Another advantage that cryptocurrencies have over banks is that the crypto markets are always open. With coins being mined and transactions being recorded around the clock, you don’t have to wait for the NYSE, NASDAQ or any other exchange to start trading for the day if you want to buy, sell, or trade crypto. This has made such an impact that regular stock exchanges are looking into the option of trading stocks outside of regular banking hours as well—although that might still be some way off. So, for investors who are on the go 24/7, crypto might the best way to generate returns outside of normal working hours.

5. Cryptocurrencies could help investors beat inflation

Cryptocurrencies aren’t tied to a single currency or economy, so their price reflects global demand rather than, say, national inflation. But what about inflation of cryptocurrencies themselves? As an investor you can rest easy, for the most part. The number of coins is capped, so the amount available can’t spiral out of control, thus, no inflation. Some coins (like Bitcoin) have an overall cap, others (like Ethereum) have an annual cap, but either way, this approach keeps inflation at bay.

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5 disadvantages of cryptocurrency

So that’s a lot of glitter, but is the outlook for cryptocurrencies really so golden? Let’s take a look at some of the drawbacks. Some are easily resolved, others less so—but it always pays to keep them in mind.

1. Understanding cryptocurrency takes time and effort

Cryptocurrencies can take a while to get your head around. If you’re not a digital native, the concept of cryptocurrency (let alone the blockchain) can feel anything but second nature. And trying to invest in something you don’t really understand is itself a risk. There are plenty of online resources available to help you (including N26’s blog series on crypto), but you’ll still need to dedicate some time to truly understand the pros and cons of investing in cryptocurrency.

2. Cryptocurrencies can be an extremely volatile investment

While the price of a cryptocurrency can spike to dizzying highs (with associated benefits for investors!) they can also crash to terrifying lows just as quickly. So if you’re looking to make stable returns, this might not be the best bet. The cryptocurrency market fundamentally thrives on speculation, and its relatively small size makes it more vulnerable to price fluctuations. That in turn can wreak havoc with the value of coins—one of the major disadvantages of cryptocurrency.

3. Cryptocurrencies haven’t proven themselves as a long-term investment—yet

While cryptocurrencies have become widely known and are still gaining in popularity, it’s worth remembering that they have only been around for just over a decade. The concept only really emerged with the publication of a white paper on Bitcoin in 2008. Stock markets, in contrast, can look back on centuries of history. The London Stock Exchange, for example, was founded in 1801. Gold has been a proven custodian of value for millennia. But cryptocurrencies? Nobody really knows what will happen to cryptocurrencies in the future—and you need to be brave to enter these uncharted waters as an investor.

4. Crypto has serious scalability issues

You could be forgiven for thinking that digital currencies operate at lightning speed—and they do, up to a point. But at a certain level they run into major issues which make it difficult to roll them out on a large scale. Cryptocurrency providers themselves admit this is an issue, with the people behind Ethereum saying that the blockchain has reached “certain capacity limitations” that slow the rate at which transactions can be processed. This can be a frustrating experience for transaction participants, to say nothing of the potential financial losses it can cause.

5. Crypto newbies are vulnerable to security risks

Cryptocurrencies might not have the risks that come with using central intermediaries, but that doesn’t mean they’re completely free from security issues. As a crypto owner, you could lose the private key that lets you access your coins—and with it, all your holdings. And then there’s hacking, phishing, and all the other attempts to gain control by malicious means. This is something that seasoned investors keep an eye out for, but newer investors are more likely to be vulnerable to these kinds of traps.

What is the best cryptocurrency to invest in?

There’s no one cryptocurrency that’s substantially better than all the others. It comes down to personal preference, but there are things that you might like to look out for. Think about your individual risk tolerance; can you stand to lose a substantial chunk of your investment if your chosen coin plummets in value? Are you using the coin solely to generate returns, or are you hoping to pay for things with it, too? Is it just about the money, or are you looking to invest in a coin with a broader social or environmental impact? One easy approach is simply to pick the market leader, Bitcoin. It’s the original cryptocurrency and the one which has built up the largest information base as well.

What are the pros and cons of Bitcoin?

Bitcoin, which trades under the abbreviation BTC, comes with a host of benefits. It’s capped at 21 million coins, it’s guaranteed to be inflation-proof, and its headline-grabbing prices certainly offer investors scope for reaping rewards. And Bitcoin is the most widely accepted cryptocurrency for payments. Of course, it has its drawbacks. Bitcoin’s blockchain infrastructure starts to slow down once it exceeds a rate of seven transactions per second (a real issue when you consider that Visa processes around 1,700 transactions per second!). And because it’s the best-known cryptocurrency of them all, it’s a key target for hackers and scammers of all stripes. For more insight about Bitcoin, check out our article What is Bitcoin?.

What else should I know before trading cryptocurrency?

Cryptocurrencies can be a minefield for new investors. From unfamiliar terminology to complex technology, it’s a topic that takes some getting used to. As with everything, trading cryptocurrencies comes with benefits and risks, but N26 is here to help. Whether you want to pay for everyday essentials with Bitcoin or use another coin to beef up your investment portfolio, we can show you all the pros and cons of cryptocurrency.

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Cryptocurrencies

N26 has an array of resources to help you understand the latest developments in the world of finance. From Cryptocurrencies for Beginners to the details of What is a Crypto Wallet?

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