What Is Crypocurrency & Why Should You Use Cryptocurrency?

1. What Is Cryptocurrency?

2. What Is Cryptocurrency? • Cryptocurrency is a digital currency for which encryption techniques are used to regulate its use and generate its release.  • Unlike fiat currency, cryptocurrencyis not regulated or controlled by any bank, government or centralized financial authorities. • It uses cryptography to secure and verify transactions as well as to control the creation of new units of a particular cryptocurrency.

3. Why Should You Use Cryptocurrency?

4. 1. Low transaction fees • Because miners are simply rewarded cryptocurrency from the network itself, there are typically little to no fees for core transactions.

5. 2. Invest • Many people believe that cryptocurrencies are the hottest investment opportunity currently available. • Indeed, there are many stories of people becoming millionaires through their Bitcoin investments.

6. 3. Ownership • With your digital key, access to your currency is yours alone. • Unlike money you store at a bank, your use of your cryptocurrency cannot be frozen or limited by any entity.

7. 4. Identity protection • Paying with credit or debit cards requires submitting sensitive banking information that could be stolen or compromised. • Cryptocurrencycan be sent directly to a recipient without any information other than total amount you want to send.

8. 5. Accessibility • Billions of people can access the Internet, but not everyone has access to banks or money exchange systems. • Cryptocurrencyrequires no bank or line of credit to make or receive payments electronically.

9. 6. Risk-free for sellers • Payments using cryptocurrency can’t be reversed, which means merchants don’t have to worry about stopped payments. • The blockchain makes it difficult for you to be defrauded.

10. BITEX EZBitex is the currency exchange and banking infrastructure with a decentralized, distributed and immutable ledger provided by Bitex, which underpins the functioning of the entire system.