Difference between cryptocurrency and regular money|10% to tron-fan-club|

Differences between cryptocurrency and regular money

It is easy to find enough articles on the Internet about the principles of cryptocurrencies, capitalization, trading methods, and so on. But since “cryptocurrency” is also, in a sense, “currency”, how does it differ from ordinary paper money?

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Here are the key points:

• virtual currency is valid only within the network;
  all operations with coins are transparent;

• there are no commission fees for international transfers;

• encryption options are used to conduct transactions with virtual currency;

• information about cryptocurrency holders is strictly anonymous and securely protected;

• cryptocurrencies are fully protected by a unique code, so they cannot be faked or copied;

• the crypto wallet has protection against arrest or blocking;

• the rate of cryptocurrencies is not set or controlled by anyone, while it is steadily increasing;

• it is in no way tied to banking organizations or other intermediaries;

• standard money is issued into circulation by a bank, and there is no emission center for cryptocurrencies;

• such coins are not afraid of inflation, because they cannot be withdrawn without knowing the code;
  trading platforms are working on converting digital currency into real;

• this currency cannot be frozen, because it is available at any time.

How can you use cryptocurrency

The acquisition of cryptocurrencies is carried out by people who want to earn a lot by raising their rate. For comparison, in 2014, the bitcoin cryptocurrency cost $100; today it is $39.7 thousand. Financiers believe that the acquisition of cryptocurrency is the most risky, but at the same time, the most profitable investment.

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But, here she is. How to use it? In the Russian Federation, almost nothing can be purchased for cryptocurrency. You can keep it in your wallet, in anticipation of an increase in the rate. You can sell to those who do not have the opportunity to mine. Or you can spend it through Internet services that accept cryptocurrency as payment.

For example, these are online stores of mining equipment, game portals. But there are also regular online stores that accept this type of payment. It is important to add that in today's conditions, the crypto market is small, unbalanced, and in many details depends on the speculative mood of its participants. Therefore, for personal reinsurance, you should not place too much hope on him.