This is a recurring question for those who want to start in the world of cryptocurrencies and blockchain technology. It is true that there is no magic formula or recipe to help you make the decision to invest in these digital assets, but it is important to take into account the benefits and aspects that help to understand how the market works and the technology behind it.
Understanding what a cryptocurrency is helps to build the necessary knowledge to make an investment decision, for this reason cryptocurrencies also called crypto assets, are a digital medium of exchange that fulfills the same function of a conventional currency, that is, with it you can make digital purchases or in establishments that have this payment alternative.
It is true that they don't exist in physical form and are stored in a digital wallet, however, they have the benefits of being a decentralized alternative to digital currencies.
Now, knowing the multiple benefits that this new investment option brings, leads to all those people and companies that want to give an answer to the question: why start in the world of cryptocurrencies?
Benefits of cryptocurrencies
Fast and secure transactions
Transactions are usually very fast and secure, thanks to its cryptographic encryption and decentralized operation. Therefore, each person has his or her cryptographic keys and decreases the chances of fraud if the holder's private keys are not available.
Most cryptocurrencies operate in a decentralized manner, i.e., they are not subject to regulations, are not under the control of governmental, banking or financial agencies of any kind and all users have the same rights.
Cryptocurrencies are not inflation-sensitive
Cryptocurrencies have a sophisticated inflation prevention mechanism, which consists of having a specific and limited number of cryptocurrencies, and the issuance of the same is reduced over time, which allows not having an oversupply that could eventually decrease the price of the cryptocurrency.
Being a decentralized digital asset, it is not affected by the usual economic standards that cause the fall of currencies such as conventional currencies.
They have irreversible transactions
When using cryptocurrencies, no third party can cancel or modify a transaction already made. Additionally, the irreversibility of transactions helps prevent falsification of records and decrease fraud in the system, thus helping to avoid possible scams.
Reliable data protection
When paying for products and services, with methods such as credit cards, debit cards or by other means, there is always a record of your personal data, in transactions with cryptocurrencies, no personal data is transferred, so you have the assurance that the identity, amounts or terms of operations will not be known, unless of course it is revealed by the user himself.
Simple y asequible
Many people think that cryptocurrencies are complicated to understand and use, but it really all depends on how much information you have about them. In fact, they are accessible to everyone and anyone can start using them. But you should know that being informed reduces the risks that, like any investment process, you could have.
However, to start in this new world of possibilities you need to open a cryptocurrency wallet, get some digital assets and have access to the internet, and as a technological development company, designed to impact the lives of people in order to achieve a more accessible, decentralized and sustainable world, we have a wallet that will bring you closer to the world of cryptocurrencies and you will find an agile and simple way to understand its operation.
Download our PlutoWallet through this link https://acortar.link/VUKSZZ Available on Android and iOS.
Cryptocurrencies are open and accessible to everyone.
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