Whenever we go from one country to another, we get to see a different kind of currency as if we are in India, we use the rupees and if we go to America then the dollar moves there or If Europe goes to Europe, then there the Euro moves.
Similarly, in every country, different types of currency are used which you can see on a piece of paper and today in this article, we are going to tell you about a digital currency that is going to fill the whole world. And it is a very good currency for digital payments and its demand is increasing.
How does cryptocurrency work?
As we told you that this is a digital system through which you do not need any paper in it. It is only through your computer to pay someone's money or transfer money to someone, you can do it through it.
If you look carefully at #Cryptocurrency, there are two things in which there is one thing Currency and an Encryption, which means safe money. In this, money can be transferred from one place to another without informing the other user, agency and government.
Benefits of CryptoCurrency ?
- Fraud has very little chaos in cryptocurrency.
- Cryptocurrency is more secure than normal digital payments.
- In this you also feel the charge of transfer is too low. Suppose you have to pay a lot, then you can transfer via Cryptocurrency itself. In this, transaction fees are very less than your credit card, so it is most commonly used.
- There are fewer chances of hacking your account in this because it uses special type of security.
Loss of Cryptocurrency ?
- The biggest disadvantage of cryptocurrency is that if you pay someone once or you get a payment by mistake, then you can not even refute that payment.
- If your Wallet ID is missing or the company blocks your wallet, then you can not complain.
Conclusion ?
So above what we told you is cryptocurrency? How does Cryptocurrency work? And what are the advantages of Cryptocurrency? And what is the harm of Cryptocurrency? We told you about such things. If you have to ask something about it, you can talk to us by writing down in the comment box below.
Wishing you all a beautiful Monday
