Cryptocurrencies are a form of digital currency based on data encryption. The big plus of cryptocurrency is security. Having finances in digital currency you get decentralization and anonymity, which is very much appreciated in today's world.
What cryptocurrencies depend on
Cryptocurrencies are a revolution in the financial sphere. The exchange rate of digital currencies does not depend on the economies of certain countries and is not traced by the Central Banks.
The benefits of cryptocurrencies
High potential profit. Despite the shaky stability of the rate, you buy capital, which will be able to increase with the rise of the rate. It is only important to take into account supply and demand in the market.
Liquidity. Digital currencies are mobile, the sale and purchase transaction is fast. Digital currency markets operate around the clock, allowing you to react quickly to fluctuations and make profitable trades.
Honesty. When buying a cryptocurrency, you get all the information on the "white paper" which describes technology, code and other necessary indicators.
Cons of cryptocurrencies
Lack of experienced specialists. Digital currency is a new sphere, because of this there are few experienced teams and specialists with deep knowledge on the market.
Technical difficulties. Due to the fact that the currency is in the digital space, the investor is completely dependent on the operation of the exchange. If the exchange is overloaded, you will have to wait to deposit or withdraw the money.
Risk. There is a possibility of hacking into your account and losing money. Investors are not protected by the Federal Deposit Insurance Corporation.
Protecting your money
The universal broker has experience in working with cryptocurrencies. We are able to analyze the market and protect our customers. Digital space is a large promising market, which you can easily enter with us.