What are some of the advantages of cryptocurrency trading?
Cryptocurrency trade is the kind of trade that has taken the world by storm. It is an industry that is gaining popularity day in day out. Cryptocurrency has a promising future and that is the reason why more people are now joining the cryptocurrency trading world. Cryptocurrency can be the future currency and that is the reason why blockchain experts such as Adam Tracy are encouraging its use. If you are planning to enter the cryptocurrency trading world, you should take some time to learn what it is, how the trade is done, and how lucrative it can be. If you master the cryptocurrency type of trade, there are many ways you are going to benefit. Here are some of the benefits of the cryptocurrency trade
Security is high
Incredible security is the first benefit that all cryptocurrency traders can benefit from crypto trade. There is high security since cryptocurrency trade is based on blockchain and cryptography security. Besides, cryptocurrency trade is decentralized making it the more secure form of trade. The security of the cryptocurrency trade is mostly determined by hash rates. When the hash rate is high, more computing power will be needed to compromise the crypto network. As long as you are trading in the right exchange, you will not have to worry about being hacked or losing your coins.
Transactions are easy to make
Cryptocurrency transactions can easily be made, in a private manner and at a very low cost compared to other transactions. No one will even know that you are making a cryptocurrency transaction not unless you choose to tell them. You just have to use an exchange wallet, a smartphone application, or a hardware wallet. With the right platform, you can send as well as receive cryptocurrency instantly. You can buy any cryptocurrency that you want such as Bitcoin, and Ethereum among other types of coins.
The cryptocurrency industry is one of the fastest-growing industries in the world. Many investors are investing in cryptocurrency because of how promising the future is. It has many benefits to offer that any trader can take advantage of. In 2013, the cryptocurrency market was estimated to be over $1.6 billion and in 2021, it has already risen to $1.4 trillion. This is an indication that the future of bitcoin is bright.
No taxes and the fee is low
Many investors are now considering cryptocurrency investment because of the low fee and no taxation. Compared to traditional modes of transaction where traders have to pay a high fee or be charged tax for transactions, the cryptocurrency trade doesn’t require you to spend on it. All transactions that are performed with cryptocurrency require a low fee. You can take advantage of the low fee and free tax to enjoy the crypto trade.
The risks are fewer
One thing is for sure, cryptocurrency transactions are based on blockchain technology. It is also important to understand that digital currency is available online only. Besides, cryptocurrency provides transparency to all users.
A former professional rugby player, Adam S. Tracy brings over twenty years’ experience as an attorney, consultant and dealmaker with a particular focus on cryptocurrency, digital products, payments and immersive corporate structures. As an accomplished executive and advisor to blockchain merchants and stakeholders, Adam has proven himself as a results oriented, decisive leader with proven success advising early market entrants, technology adapters, as well as established participants across a wide range of blockchain verticals. Adam Tracy’s attack-first personality allows him to excel in dynamic, demanding environments including complex corporate negotiations, distressed environments and regulatory investigations.
In addition, Adam S. Tracy also has a successful track record co-founding blockchain industry ventures, building & leading cross-functional teams, and spearheading diverse corporate transactions. A serial entrepreneur, Adam has successfully started and created exits across a wide swath of markets, including various mobile SaaS ventures, cryptocurrency, peer-to-peer payment systems, and numerous token generation events. Moreover, as a recognized expert in the payments field, Adam Tracy has been a blockchain and digital currency evangelist and influencer since the early days of Bitcoin.
Utilizing his proprietary “Pre-Event Driven™” strategy for decision making, Adam S. Tracy further leverages his over twenty years’ experience to create cost-effective, value-add solutions for each client. A data-driven acolyte, Adam continually refines his strategies based on field studies and data collection. Moreover, Adam Tracy further augments his range of solutions by actively networking with regulators, liquidity providers, legal and compliance experts, deal-flow brokers, investors and management of leading high risk industry ventures.
Adam S. Tracy earned his Bachelor of Science in Computer Applications and Bachelor of Science in Finance from the University of Notre Dame. He subsequently earned his Masters in Business Administration from the DePaul Kellstadt Graduate School of Business, while concurrently earning his Juris Doctorate from the DePaul College of Law. Adam lives outside Los Angeles with his with his wife, son, four dogs, and two cats.
On the Web: https://linktr.ee/adamtracy
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