by Hodler Ash 
The popularity of cryptocurrency investing has led many to learn more about digital cryptocurrency. Crypto coins like Bitcoin and Ethereum have demonstrated the potential for explosive growth. In addition, you have countries like China and India, having both announced a commitment to developing a national cryptocurrency. Many exciting trends are happening in the marketplace in terms of digital assets, NFTs, and cryptocurrency.
If you aren’t familiar with how digital cryptocurrency works or where to buy crypto, digital currencies are built on a technology known as a blockchain. The blockchain is essentially a base of data. It records transactions, somewhat anonymously and decentralized via millions of computers set up worldwide. It is unregulated and ultimately up to the people making transactions to determine the value of a coin, like Bitcoin.
Here are the advantages of digital cryptocurrency and why you may want to invest.
- Decentralized
There are many benefits to decentralized finance. Some advantages include the programmability of smart contracts, immutability, interoperability, transparency, and more. The future of international finance may revolve around decentralized blockchain systems. It can provide access to the financial system for underserved population segments. It can also address the flaws in existing economic systems. A decentralized blockchain system is a significant advantage of using cryptocurrency.
- No Inflation
Inflation is a major problem in developing countries, where banks inflate currencies to keep up with what’s going on around them. Due to controlled quantity limits on Bitcoin and existing algorithms in the blockchain, digital cryptocurrency isn’t subject to inflation. As it rises or falls, a person’s investment in cryptocurrency is unaffected.
That doesn’t mean digital crypto isn’t without other risks to its stability. Cryptocurrency markets are notoriously volatile, though those in it for the long haul can reap tremendous rewards.
- Speed of Processing Transactions
Traditional financial institutions take their sweet time processing transactions. Particularly with international transactions, the wait time is even worse once again. Digital cryptocurrency does not need to be verified in any way or converted between countries. There aren’t days or even weeks to wait to send or receive money. At a BTC machine near you, transactions are completed within minutes. Even with Bitcoin, you’re looking at hours compared to possibly days.
- Lower Transaction Fees
Some online crypto exchanges can charge high fees. However, they aren’t as high as what credit cards charge, particularly when looking at international cards and transactions. Digital cryptocurrency is easier to move around, buy, sell, and trade with low transaction fees. It is dependent on where you go to buy the crypto coin from, whether that’s a BTC machine, online exchange, or peer-to-peer.
You can dramatically lower transaction fees using blockchain, Bitcoin, and other digital currency mechanisms. You might get them down to as little as 2 percent and sometimes less.
- Anonymous
An advantage of digital cryptocurrency is that it can be largely anonymous. There is no registering your private information. It’s not connected to a bank. Plus, there is no tracking. Bitcoin and crypto are anonymous, using only identification and processing codes to note where a cryptocurrency has been and where it is presently. Nothing is associated with your name, government-issued ID numbers, or anything of the sort.
- Data Is Secure
Major financial institutions, retailers, and online eCommerce sites are experiencing cyberattacks with more frequency. Digital cryptocurrency hasn’t experienced the same threat. Everything is encrypted, unlike credit card payment information or private data. The data stored on a blockchain is secure, protected, and unlikely to be hacked. Unless you give your login information to someone, there is no chance a hacker can access the processing systems of digital cryptocurrency.
- Worthwhile Investment
Crypto as an investment is volatile, unpredictable, and highly risky. There’s no secret about that. It’s not guaranteed to make money and even keep your money in cryptocurrency investment. However, if you invest in the right crypto, the growth is extraordinary. You can experience more growth with crypto than you will in stocks, bonds, or real estate.
An early investment in Bitcoin or Ethereum, for example, has turned many people around the world into millionaires. The best approach with crypto investing is research, research, and research.
- Freedom
A huge advantage to digital cryptocurrency is that there is no censorship. For example, banks and governments can make it very difficult for specific popular segments or certain types of businesses to operate bank accounts and build wealth. In cryptocurrency, there is no regulation or authority governing it.
Cryptocurrency can benefit journalists, political dissidents, and members of oppressed populations. It can also help business owners operating in new and unregulated sectors, such as the cannabis industry. These individuals can use cryptocurrency to transfer and accumulate value.
- Easy to Withdraw Your Money
If you aren’t familiar with digital cryptocurrency, you might not know how easy investing or withdrawing cash is. At a BTC machine, it’s as easy as downloading a digital wallet to your phone. You input cash into the machine, transferring that into a crypto coin. If you want to withdraw cryptocurrency, you can do so directly from a BTC machine. The process is easy, especially since Bitcoin machines are spread out all over the place. There are likely dozens in your city and one within walking distance.
