If you are considering entering the crypto universe or if you’ve only recently made your first investment, you might still be exploring the benefits of bitcoin as opposed to your credit card, online bank account or digital wallet you are used to. In an abstract sense, cryptocurrencies represent financial evolution which manifests itself in unique and tangible ways compared to fiat money.
Fast and Easy Payments
If there’s one thing cryptocurrency deserves credit for, besides that it makes you a true owner of your money, it’s the ease it brings to electronic payments and transfers. Bitcoin has been around for over a decade now and it is not a tool only for the tech savvy anymore. A myriad of crypto platforms have made it simple to keep and send digital coins. It takes just a few steps to purchase your first cryptos and start spending.
All you need to have initially is a bitcoin wallet and plenty of free options are available. For beginners, a software wallet is probably the best choice and you can download and install a number of mobile applications or desktop programs. If you don’t plan to spend coins on a daily basis and in case you need a higher level of security for your crypto holdings, you’ll be better off with a hardware wallet – getting one is easy too.
With cryptocurrencies, sending money is quick, easy and inexpensive. You just need to have the recipient’s address, which you can either copy and paste in your wallet, making sure the first and the last few digits are the same,