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THE MODERN CRYPTO MARKET// BENEFITS AND UNLIMITED OPPORTUNITIES, A CASE OF NIGERIA//#NEWLION

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Henrietta
@henrietta27
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As a #newlion in this community, I would focus my first post on the benefits the crypto market has to offer.

Bearing in mind that cryptocurrencies are relatively in the cyber space, for instance Bitcoin started in 2009. This only proves that the crypto coin is definitely here to stay with their effective benefits.. There is no doubt that the crypto market tend to offer unlimited opportunities that are beneficial to youths and elderly ones to make them financially free and independent. I will outline some benefits of the cryptocurency, although investment in cryptocurency is not legal in some countries like Nigeria but there is always a way around it. Some benefits and unlimited opportunities include:

  • Accessibility: the cyber space has made the crypto market accessible to all and sundry. These days people can mine, earn and trade with their smartphones wherever they are or whenever they please. That is a good thing as against the long queue one has to endure in banks and the delays to one's scheduled activities.

  • Another benefit is in terms of security, speaking from experience Blockchain technology have the most secured sites, for instance, on the hive blog there are different keys for different functions, we have both private and public keys to carry out transactions of posting, commenting, up voting and so on. So it's secured, no stress of hacking or losing your account.

  • Another sweet benefit is the privacy it accord an individual, no third parties or intermediaries are involved unlike the local banks that either ask for guarantors or guardians.

  • It is cheaper and faster for transactions to take place. Exchanging coin has proven to faster.

  • Also, investing in cryptocurency has generated profits because over the years, the markets have skyrocketed in value. It represents a new decentralized paradigm for money.

  • Somehow I believe the crypto market will overtake local banks, there will be transparency and all will be fair. Just as @taskmaster4450 said that cryptocurency goals should be to eliminate banks where He described that by tokenisation of everything crypto, networks should be thought of as economies.

  • It is a platform to earn money, from mining, investing, air drops, exchanging tokens and so on. The crypto network offers opportunity to earn no matter the funds you have. There are also instant daily payouts.

  • Moreover, cryptocurency is taking over the market sphere, in the sense that goods can be purchased online using crypto coin. The meta verse is evolving and humans are evolving with it. Several sectors transact in cryptocurency currency in this modern day era.

As a newbie posting directly from the @leofinance community and @newbies-hive, I do appreciate this gesture of incorporating novice like us.

Posted Using LeoFinance Beta