
Beginner’s Guide: The best use cases of cryptocurrencies
How will you benefit from using virtual assets? 19% of the world population has already purchased digital money up to date, according to the Kaspersky Lab’s survey. Platinum Q DAO Engineering expects the number of crypto users to grow in the future. The company is aimed at contributing to mass adoption of cryptocurrency, including Q DAO and USDQ tokens.
The advantages offered by cryptocurrencies.
Some people buy virtual coins because it’s more convenient to make payments and transactions with them rather than using fiat money for these purposes. Others consider them as a source of wealth and just gamble on stock exchanges. There are several reasons how cryptos make our lives better:
- Cheapness
The transactions fees are much lower compared to credit cards.
- Quickness
The cryptocurrency transactions are much faster than bank operations. Moreover, the “zero-confirmation” transactions are even instant. Nevertheless, confirmation requires just several minutes rather days or weeks.
- Anonymity
Nobody will be able to track how, when, and on what you spent your money. Neither government nor banks will take your assets away as it was in March 2013, when Cyprus authorities decided to freeze all deposits in the country and deduct 10% as a non-recurring tax. Such situation will never happen to your decentralized funds.
- No chargebacks
When cryptocurrencies are sent, a sender cannot cancel the transactions without your permission.
- Security
All cryptocurrency transactions are protected with public and private keys thanks to which nobody will be able to steal your money or personal data. The public key is an address of your wallet while the private key belongs only to you. Never share it with anybody!
As you see, digital coins provide you with the power to dispose of your funds smoothly, freely, cheaply, and safely. You can easily send money to your friends and relatives to any corner of the world or just buy any goods or services. In addition, you have a great opportunity to earn on virtual funds by trading them on the crypto exchanges or by storing them in the form of stablecoins. What is it? In spite of the numerous advantages, cryptocurrencies have one huge disadvantage — they are too volatile. It’s also one of the reasons why people are afraid to acquire them. However, this is not a problem anymore, thanks to stablecoins, such as USDQ or KRWQ. Collateralized by Bitcoin and pegged to national currencies, stablecoins don’t react to the market fluctuations. When there are favourable conditions, you can change them into ordinary cryptos, spend them on what you want, and make a profit out of it!
What can you buy for cryptocurrency?
The first crypto payment was made in 2010 when Laszlo Hanyecz purchased a pizza for BTC 10,000. At present, there are more than 15k places accepting cryptos worldwide where you can buy a cup of coffee, an air ticket, a training course, a Lamborghini, or even citizenship! Become a citizen of a small Vanuatu state located in the southern part of the Pacific Ocean and enjoy the sun and sandy beaches.
Where to store your cryptocurrencies?
At Platinum Q DAO Engineering, we don’t recommend you to store your funds on the exchange accounts since they are often hacked. Using a cryptocurrency wallet is the best way to save money. The cryptocurrency wallet is software allowing you to send and receive coins. If you have several kinds of tokens, use multi-currency wallets. Every wallet has a private key, a long sedecimal codes that are known only to the owners. Never lose your private key!
The crypto wallets usually have an intuitive interface and are easy-to-operate. You can download and install this software to any of your devices, such as a smartphone, a tablet, a PC, etc. Your coins will be always at hand and secure.
If you still have any questions about cryptocurrencies or the cases of their usage, don’t hesitate to join our Telegram chats and discuss anything!
https://t.me/PlatinumQjp — for the Japanese speaking community
https://t.me/PlatinumQeng — for the English speaking community
https://t.me/platinumfund — the English news channel
https://t.me/PlatinumJP — the Japanese news channel

