Nowadays many people are deciding to invest with cryptocurrency. The reason behind this is that there is no required amount or papers to invest some of your money. Any amount will do for investment, unless you want to invest a bigger amount to have double or triple profit from it. Booming graphs of cryptocurrencies price attracts many individual to go for it.
Cryptocurrencies rise and drop from time to time – if you invested thousands at this very moment and have it back in millions in the next 4- 5 years. There is also a possibility of losing the money you have invested so make sure to invest what you can lose.

Bitcoin, one of the most popular cryptocurrency in the world has driven many investors and traders in the past years. Many traders invest for this coin not just because it’s the top crypto of the millennium, but because it is the most profitable one. If you are deciding to invest with this kind of industry, know the pros and cons first before doing so.

Advantages

 Easy Access - Cryptocurrency is available in public and can be use by everyone. Investors all over the world can easily access because of the decentralized operation. Payment transactions has been made easy, while in a traditional payment system there is always a broker adding fees for every transaction you make.
 Private - With cryptocurrency, you don’t need to share your personal information or the details of every transaction between you and the beneficiary. All of the transactions are secured with the use of ‘Cryptography’. Once a cryptocurrency transfer has been verified, it can’t be reverses or charge-back, this protects the users from fraud and hacking.
 Lower Fees - Unlike when using a credit card you need to pay for an interest, with cryptocurrency charges and fees will never be a problem. All you need to do is make a research on what is the best wallet to use that matches the kind of cryptocurrency you are using. This can also be a major advantage for travelers.
 Mobile Payments - If you are worrying about exposing all of your personal identification when purchasing online using your cards and bank accounts, well cryptocurrency just made it right for you. You can easy do payments and purchase to online stores without providing any personal information through the internet or recipient, only your wallet address will be visible to them. You can do all of these transactions using your mobile phone.

Disadvantages

 Price Volatility - The volatility of cryptocurrency is the main disadvantage you to be considered. Volatility is the risk level of the instrument where price is measured. So, investing in Bitcoin or any other online currencies is very risky, because the value of your money exchanged with them has no assurance. It can rise up to millions or maybe billions but it can also go to zero, no one can tell because no one controls it.
 Possible Government Interface - The government cannot take your coins, but they can do such actions if they will decide to ban all those cryptocurrencies in a certain country. If the government will force online wallets and companies to shut down all your Bitcoins etc… will be freeze and it will be a hard time to access them.
 No Refunds - Refund is a No when using cryptocurrency especially Bitcoins – for instance you buy some product online and the merchant failed to deliver your purchased items, you cannot ask for a refund trough Bitcoins. Some cryptocurrencies such as Ripple have provided chargeback option, but this will never exist on Bitcoins.

Best Cryptocurrency to Invest

1. Bitcoin - Despite of all the problem encountered by Bitcoin, it still remains as the number 1 choice for investing in cryptocurrency. With a market cap of $134 billion, Bitcoin still stand as the biggest cryptocurrency in the world. This cryptocurrency works as a store and payment system at the same time, letting users easily send and received payments online. Bitcoin has been in the market for 9 years, and no one can easily break the weakness of this ingenious invention.
2. Ethereum - Ethereum has established itself as the second larger cryptocurrency in the world for the past couple of years. In fact, there are now millions of people who are holding this kind of virtual currency. The ability of Ethereum to be second in the list can be its strength for raising a higher value in the near future.
3. Litecoin - This coin is one of the oldest cryptocurrency circulating in the market now. It has an advanced feature of security, storing data, and transaction time. Litecoin shows a beautiful growth like Bitcoin, no one knows maybe in a couple of years this cryptocurrency will draw a very high value in the market.

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