What is cryptocurrency?

The modern digital money – cryptocurrencyis a Medium of exchange where the data of everyone’s possession is kept in an electronic way having strong cryptography for secure transactions, to ensure no manipulations with the record. It isn’t issued with a central authorities. There’s not any physical form for this particular currency. The central authorities of any nation can record the transactions made using cryptocurrency. The first decentralized cryptocurrency has been bitcoin, published in 2009. It is by far the most popular type today. Funding using cryptocurrencyis called ICO(first coin offering).


Some benefits of cryptocurrency are:

• It is very confidential.

• Nothing in between the two users exchanging money, so it’s quicker.

• Access to the internet is easier than access to banks. So cryptocurrency can be retrieved easily.

• To make an worldwide trade, cryptocurrency is much better than banks.

• After payment is made, it can’t be reversed.

• Unlike cards, our whole identity is not shared when we create a payment. We can control what we would like to share.

• You own the account. Nobody can freeze it.

For the digital era, cryptocurrency is your money. Now the world Is moving to non-physical trades.

Beaxy Exchange is a market for cryptocurrency. It’s an Upcoming all-in-one exchange which has a lot of tools to offer a fantastic experience. You can exchange beaxy tokenfor some additional token or you can use them to cover trading fees. The processing rate is great and customer support is available 24*7. The fees on deposits are fixed on 0.2% that’s very low and you are able to find a percent of the trading fee back with all the beaxy exchange. The daily withdrawal limit is 500 Bitcoins which is enormous.

Never invested in cryptocurrency? You might wanna attempt it today

References:

• https://en.wikipedia.org/wiki/Cryptocurrency#:~:text=A%20cryptocurrency%20(or%20crypto%20currency,of%20additional%20digital%20coin%20records%2C
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• https://cointelegraph.com/bitcoin-for-beginners/what-are-cryptocurrencies