Cryptocurrency emerged more than 10 years ago, and in the beginning, people were very skeptical about it and didn’t want to use it.
Now we see that, sometimes, people prefer crypto payments to bank transfers or usual cash.
In this article, we will talk about the main reasons for cryptocurrency popularity as the way of payment and the way of getting additional income.
Cryptocurrency Payments
As I told you before, people like to pay with crypto nowadays.
Why?
Let’s discuss it.
Reason 1
If you use a cryptocurrency wallet, your transaction will proceed in 30 minutes maximum. And if you are ready to pay higher fees, it will proceed in 2-5 minutes.
So, the first reason is that crypto transactions are very fast.
Reason 2
Crypto fees are very low despite the processes of crypto app development cost a lot of money. Of course, we don’t speak about Bitcoin ATMs and online exchanging services, because they can take up to 15% of fees.
If you pay from a crypto wallet, you will pay like 2% or even less – it depends on the wallet you use. The same thing is about crypto exchanges.
Reason 3
If you want to send money to the person who lives in another part of the world – no problem.
You won’t pay an additional fee.
And the time of the transaction doesn’t depend on the distance as well.
Reason 4
Did you know that some crypto wallets are safer than bank storage?
Yes, if you use the hardware, paper wallets, or the wallet with “cold storage”, you will be sure your assets are safe.
Reason 5
A lot of people use cryptocurrency as a way of getting additional income.
If you were a Forex trader, you would know what I am talking about.
The crypto market consists of around 70% of newcomers who want to invest in crypto. For such people, there are a lot of crypto signals Telegram channels.
Of course, everything is not so perfect – 95% of those channels are scammers, that is why you need to be very attentive while choosing the channel.
Reason 6
The last reason is about crypto trading as well.
If you don’t have time to trade, you can use a crypto trading bot. It will trade for you 24/7 using the strategies you give it.
That is why crypto trading is very convenient and profitable if you do everything wisely.
Actually, there are more valuable reasons for cryptocurrency popularity, but these above are the most important.
If you want to work with crypto – as the payment or as the source of income, you will need to check every service you are going to work with properly.
Cryptocurrency has great potential in the future, so today is the best time to start!