In this post, I explained 5 reasons you should start buying crypto.
Most folks love to make money through any legit means available to them.
And though crypto has been around for a while, many individuals are yet to see it as a profitable asset.
In fact, certain people are convinced that anything crypto is a scam. But that is not even close to the truth.
It is profitable to invest in crypto, and today, you will find 5 reasons that will convince you.
Let’s dive right in!
Post Summary
This post is divided into the following subheadings:
- What Is Crypto?
- 5 Reasons Why You Should Start Buying Crypto
- Popular Exchanges Where You Can Buy Crypto
- Conclusion
Click on any item above to read its details.
Happy Reading!
What Is Crypto?
Crypto, in this context, is short for cryptocurrency, which refers to virtual money, i.e., money you cannot touch.
Cryptocurrencies are valuable, and you can use them to perform digital/online transactions comfortably.
They are secured by cryptography, which makes them nearly impossible to counterfeit or double-spend.
Unlike the fiat money (cash at hand or bank) you are used to, cryptocurrency is not controlled by the government, and it is not stored in the bank.
It is stored in what we call crypto wallets.
To make successful crypto transactions, you can buy crypto from crypto exchanges, store it in your wallet, and transfer it to other wallets.
Now, let’s see the reasons you need to start buying crypto.
Tag along!
5 Reasons Why You Need To Start Buying Crypto
1. Most Platforms Are Beginning To Adopt Crypto Payment
Did you know? Facebook plans to launch a stablecoin with which users can pay for ads and other business services.
Not just that, users will be able to pay for each other’s products/services on Facebook using the coin.
Also, stores like CTMastery, Regal Flowers, CloudSMS, GigaLayer, and FastTech now accept crypto payments.
Moreover, during the recent #ENDSARS protest, individuals could make relief donations in crypto when the government shut down the Flutterwave platform (where the donations were initially made in naira).
The Bitcoin donated was about 40% of the total amount that was raised. Impressive, right?
Crypto payments have some advantages over fiat money, including convenience, low transaction fees, and a faster completion time.
Additionally, cryptocurrencies are built on a blockchain.
And Nigerian companies like GrannyAdidas Concept, ECrest Global Resources, and SchoolClient Technologies use blockchain technology. What does that tell you?
It means that soon, most of the corporations you do business with will begin to use crypto for transactions and that is if they are not doing that already.
So, get on board and start buying crypto.
2. Crypto Is An Asset
Crypto is a valuable product you can own and control to increase value.
For example, Bitcoin, the first-ever crypto, was priced at $0.00008 (almost nothing) when it was first launched in 2009 but today (27/10/20), 1 BTC = $13,149.20. Cool, right?
Imagine how wealthy an individual who bought huge amounts of bitcoins in 2009 and stored them would be today.
Just like Bitcoin, other cryptos are also increasing in value.
To tell the truth, many Nigerians have profited greatly by investing in crypto. I don’t know if you have met some of them; I know a few.
So, if you want an asset to invest in, consider crypto. Who knows, you might become wealthy.
3. Crypto Is Versatile
Another reason why you need to start buying crypto is because of its versatility.
Apart from using crypto to buy stuff, you can also trade it for profit as crypto prices dive skyward all the time.
And the more people adopt crypto, the larger the crypto market, and the more you can earn.
Furthermore, crypto developers are still working towards making crypto more versatile than it already is.
The blockchains on which these cryptos are built are constantly improved to accommodate more functions, such as gaming, smart contracts, software development, social media utilization, and decentralized business apps.
Also, different areas of learning/job opportunities have been created based on crypto, such as mining, trading, coding, etc.
Crypto is encroaching on almost every sphere, and I am sure you do not want to be left out.
4. Crypto Enables You To Make Seemingly Impossible Transactions
Many people around the world do not have access to banking infrastructure or traditional means of finance, such as credit.
With crypto, these persons can transfer value globally for free.
And you never know when you will have business with such individuals. Gladly, crypto will always come through for you.
Even in places where traditional bank services are available, crypto transactions are faster because it removes the usual delay of international bank transfers.
If you want to pay for goods in China, paying the merchant in crypto will be processed much faster and more conveniently than going through traditional bank procedures.
5. Your Crypto Is Yours And Yours Alone
Lastly, you should start buying crypto because, unlike the money you have in your bank account, you have absolute control over your crypto.
You do not have to pay anyone to manage your crypto for you.
There is nothing like card maintenance fees, monthly SMS charges, and all those charges that your traditional bank wearies you with.
Plus, there are no government policies controlling the flow and growth of crypto. Whatever you find in the crypto world, that is how it is.
Moving on, I’ll show you some exchanges where you can buy crypto.
Popular Exchanges Where You Can Buy Crypto
Listed below are exchanges where you can start buying crypto:
Conclusion
What did you say was stopping you from buying crypto? Well, I hope you can now see from this article that you have more to gain when you invest in crypto.
So tell me:
Will you start buying crypto today?
Which crypto would you buy first, Bitcoin, Ethereum, Litecoin, Ripple, or others?
Let me know in the comments section right now.
Before you leave, share this post with your friends who are not sure whether to invest in crypto or not.
Thank you!
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