What’s cryptocurrency?

The contemporary electronic money – cryptocurrencyis a Medium of exchange in which the data of everybody’s ownership is kept in a digital manner using strong cryptography for secure transactions, to ensure no manipulations with the record. It is not issued with a central authorities. There is no physical form for this currency. Even the central authorities of any country can record the transactions made using cryptocurrency. The very first decentralized cryptocurrency was bitcoin, published in 2009. It’s by far the most popular type today. Funding using cryptocurrencyis called ICO(first coin offering).


Some benefits of cryptocurrency are:

• It’s very confidential. Prevents the user from identity theft.

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

• Access to the world wide web is simpler than access to banks. So cryptocurrency can be accessed easily.

• To create an international transaction, cryptocurrency is much better than banks.

• Once payment is made, it can not be reversed.

• Unlike cards, our entire identity isn’t shared when we make a payment. We can control what we would like to share.

• You have the account. Nobody can suspend it.

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

Beaxy Exchange

Beaxy Exchange is an exchange for cryptocurrency. It is an Upcoming all-in-one exchange that has several tools to supply a fantastic experience. You can exchange beaxy tokenfor any additional token or you may use them to pay trading fees. The processing rate is excellent and customer service is available 24*7. The prices on deposits are fixed on 0.2percent which is very low and you can get a percent of their trading fee back together with all the beaxy.

Never invested in cryptocurrency? You may wanna try it now with Beaxy Exchange!

References:

• https://beaxy.com/

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