Cryptocurrency has lots of benefits some of which are-
- No need of central regulations like bank or governments. It gives power in the hand of common man they can do person to person transaction all around the world in seconds without paying hefty charges to banks.
- Anonymity, it is one of the important advantges provided by cryptocurreny. You dont need to reveal your identity.
- Not affected by government actions like de monetisation, inflation adjustment etc. which control the value of fiat currencies.
- It is in digital form so that it can be carried away anywhere without fear of theft, robbery. you only need to store it in your personal wallet or you have to remeber the keys that’s it.
- Lower transaction fees, fast processing of payments.
- Millions of trees can be saved by not using paper currencies. It can help in making our environment safe.