#bitcoin

NEW TO CRYPTOCURRENCY? HERE ARE SOME THINGS YOU SHOULD KNOW

Cryptocurrency is a form of payment that can be exchanged for goods and services. They function with a technology known as blockchain. The blockchain technology is superb because it is decentralized, this means that there are several computers that monitor and record transactions.

One of the reasons why cryptocurrencies are so popular is because they are seen as the currency of the future. So, it is advised to buy them now before they become extremely valuable.

Another reason is because cryptocurrencies eliminate the involvement of the government and central banks from controlling the money supply. Overtime, it has been discovered that these banks reduce the value of money through inflation.

So, since cryptocurrencies operate with a decentralized processing and recording system, all transactions are more secure than traditional payment systems.

One thing you should know about cryptocurrency is, using them allow you to purchase goods and services, or even trade them for profit.

Usually, people trade cryptocurrency on the exchanges, these are places where you buy and sell your coin using fiat money. There are various features that can be used to judge the quality and reliability of an exchange: withdrawal and purchase limits, liquidity, fees purchase, trading volume, insurance, security and user-friendliness.

An exchange that possesses all these features would be your best bet and Cardonia is one you can always bank on.