Unlike cash & credit cards, cryptocurrencies are digital currencies – which means they are digitally encrypted. There is currently no transaction process in existence that is more secure than cryptocurrency.
Transactional Benefits of Cryptos include:
-There are no “middle men”, which means there are costs associated with middle men. such as brokers, lawyers or banks, who inevitably raise the costs of transactions. (Note: That’s not to say there aren’t transaction fees.)
-Which leads is to our next point, transaction fees. Exchanges such as Coinbase charge transaction fees when transferring money to a bitcoin address. Or, for example, with Ethereum transactions, you pay a Gas Price, in Gwei, which is a transaction charge that goes to the miner doing the transaction.
-Anyone, anywhere can use it. No banks near by? No problem, all you need is a wifi connection and a smart phone. Travel much and worried about exchange rates? No problem. No exchange rates here.
-You own all of your money and the bank it’s housed in, your wallet. There is no third parties needed in owning or banking your cryptos.
