The advantage of having as well as holding a cryptocurrency is that it can make you very rich. The disadvantage is that it can make you lose all your monies if you don't know what you're doing
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Advantages - it makes payment or Transfer of funds easier and one of the disadvantages is the nature of the transaction which is untraceable. It gives room for scamA cryptocurrency is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in the form of a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.
Please share its advantages and disadvantages.
At times those who got scammed through cryptocurrencies were not careful enough or didn't know more about cryptocurrencies. Cryptocurrencies has so much benefits in this computer age than it disadvantages.Cryptocurrency is an online business sometimes when you are not vigilance you easily get scam. cryptocurrency is a profitable investment and easy to access
Nothing in this life that don't have thier advantage and their disadvantage, so is just that one need to be careful when going into any crypto currency, because anything can happen to any of the coin.A cryptocurrency is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in the form of a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.
Please share its advantages and disadvantages.
True, based on its nature, one has to be vwry cautious and careful on every transaction being made as it cannot be reversed. Unlike normal bank transaction that can be completely traced, the case for crypto is completely different.The advantage of having and transacting with your pocessed crytpto currency is that, it keeps you in total control of your crytpto assets and some level of anonymity. The disadvantage is the irriversibility of transactions wrongly carried out.