Cryptocurrencies are digital currencies that are based on block chain technology. The cryptography is used for security. This security feature enables investors to aget insights which is not the scenario in fiat. Fiat trading is controlled by central banks and the government but cryptocurrencies are decentralized. Bitcoin was the first successful decentralized cryptocurrency which revolutionized the trading world.
1.Frag-mental Purchasing
Crypto trading is flexible in terms of purchase. You can buy the whole of the share or in parts. Let’s take an example, if you want to invest $423 in bitcoin you can do that easily. You don’t need to buy in whole numbers which is a compulsion for buying shares. Fractional stock trading is perfect for every kind of investor. It is feasible and easy to deal with.
2.Trading for 24*7
This is highly suitable for all kinds of investors; you can make investment anytime and can get huge returns along with your regular job. It does not require a lot of time. If you are going for traditional trading, you are restricted by the market hours. Advancement in technology should be utilized well and keeping this in mind the crypto trading found its roots.
3.Quick Process
Technology and trading allow us to buy and sell instantaneously. As soon as you have decided you are almost done with the process. All you need is an account, valid wallet and you are there.
4.Advanced Technology
At present, the stock exchange technology faces two problems. Firstly, the technology has to go under a convoluted process of checking and rechecking whereas the block chain allows instant settling. Secondly, the multilayered value chain associated with traditional trading takes a lot of time. But block chain follows a direct model of crypto exchanges as it uses non-alterable ledgers.
5.Virtual Understanding of the Investment
The cryptocurrency trading allows an investor to understand the concept with the help of virtual calculators. These calculators are great at understanding the rewards and returns. You just have to enter the amount that you are interested in investing and you will get all the relevant information virtually.
6.Exceedingly Secure
The block chain lays the foundation for the cryptocurrency business, therefore, it is non- alterable and is decentralized. Mostly the scripts that are used to create websites are DDOS protected. Also, they have google authentication as well as Google captcha. Traditional practices need to grasp the agile framework to match modern technology which will take time.
7.Transparent and Extremely Low Fee
Cryptocurrency exchange software have very reasonable fees as it is decentralized. There is no in-between long list thus the processing fee is low. The range varies from 0.10 – 0.30 % for GDAX and Kraken to 1.5 – 4 % for coin-base. A fee in traditional broking is extremely mysterious. They don’t offer fixed fees and it fluctuates at any point of time.
Regulation of this new concept can be an obstacle but investors seem open to cryptocurrency trading as it is more effective and instantaneous.
