Can Bitcoin do the same thing as cash?
Traditional fiat and new digital currencies have more in common than you would think. Cryptocurrencies like Bitcoin are a form of digital currency that can be sent or received over the blockchain. People can buy or sell cryptocurrencies directly with each other just like cash, but cryptocurrency reduces fees, waiting times, and many of the unnecessary difficulties of the traditional banking system.
Cryptocurrencies are decentralized, meaning they can be exchanged directly from person to person without needing a centralized such as a bank to complete transactions. Not needing a bank means that transaction fees for using cryptocurrencies are typically much lower compared to debit and credit cards.
Cryptocurrency also has fewer risks for sellers and merchants. Companies such as Microsoft, Expedia and Subway all accept Bitcoin as a payment. Cryptocurrency transactions have a higher level of security, are irreversible, and do not contain personal information. This protects sellers and merchants from losses caused by fraudulent and fake transactions, like someone making a purchase online with a stolen credit card number.
…………
Futuristic? Yes.
Steep learning curve? No.
Join the thousands of members already trading on Canada’s most secure cryptocurrency exchange.
With NDAX, you get the tools and support you need to start trading 8 different cryptocurrencies. Enjoy inter-market rates, free deposits, 0.2% trading fees, and fast withdrawals. NDAX features secure digital asset storage that meets regulatory standards, leaving you free to focus on trading, tracking, and managing your portfolio.
Get started now at https://ndax.io
Follow us on social media:
Facebook: https://www.facebook.com/NDAXIO/
Twitter: https://twitter.com/ndaxio
Instagram: https://www.instagram.com/ndax.io/
Join the conversation on:
Telegram: https://t.me/joinchat/HBi6jUd1PWbEI8KI9LKZcQ
Cryptocurrencies are decentralized, meaning they can be exchanged directly from person to person without needing a centralized such as a bank to complete transactions. Not needing a bank means that transaction fees for using cryptocurrencies are typically much lower compared to debit and credit cards.
Cryptocurrency also has fewer risks for sellers and merchants. Companies such as Microsoft, Expedia and Subway all accept Bitcoin as a payment. Cryptocurrency transactions have a higher level of security, are irreversible, and do not contain personal information. This protects sellers and merchants from losses caused by fraudulent and fake transactions, like someone making a purchase online with a stolen credit card number.
…………
Futuristic? Yes.
Steep learning curve? No.
Join the thousands of members already trading on Canada’s most secure cryptocurrency exchange.
With NDAX, you get the tools and support you need to start trading 8 different cryptocurrencies. Enjoy inter-market rates, free deposits, 0.2% trading fees, and fast withdrawals. NDAX features secure digital asset storage that meets regulatory standards, leaving you free to focus on trading, tracking, and managing your portfolio.
Get started now at https://ndax.io
Follow us on social media:
Facebook: https://www.facebook.com/NDAXIO/
Twitter: https://twitter.com/ndaxio
Instagram: https://www.instagram.com/ndax.io/
Join the conversation on:
Telegram: https://t.me/joinchat/HBi6jUd1PWbEI8KI9LKZcQ
Category
🤖
Tech