Cryptocurrency: If you are starting, then know its 10 great benefits.

These days cryptocurrency is being talked about everywhere; some are saying that it has crores of benefits, while some are calling it the currency of the future. If you are also hearing about it for the first time or are thinking about whether to step into it or not, then this blog is only for you.

I am going to explain to you here in very simple language what cryptocurrency is and what benefits there can be for a new investor.

1. You have complete control over your money.

Imagine if your bank server suddenly goes down or imposes a limit; then you will not be able to withdraw your own money. But this does not happen in cryptocurrency. Here you are, the owner of your money. No bank, no middleman, only you and your wallet.

2. Want to send money abroad? Do it in minutes.

Suppose you have to send money abroad to a friend or you are a freelancer and have to take payment from the client. If you send it from the bank, not only will it take time, but a hefty charge will also be deducted. On the other hand, in crypto, you can send money in a few minutes—that too at a very low cost. How easy and fast is it?

3. Trade anytime, anywhere.

Unlike the stock market, the crypto market does not run from 9 am to 3:30 pm. It is open 24 hours and 7 days. Meaning you can buy and sell whenever you want, even at night, on Sundays. This is very beneficial for those who want to invest by taking out some time after office.

4. Transactions are fast and secure.

Whenever you make a transaction in crypto, it gets recorded on a special technology (blockchain), which no one can change. This keeps both your money and data safe. The possibility of fraud is also reduced to a great extent.

5. Limited coin means increasing price.

Just like gold is limited, the supply of some cryptocurrencies like Bitcoin is also fixed. The total amount of bitcoin is only 21 million. When the supply of something is less and the demand increases, its price goes up. That is why people also call it "digital gold."

6. Not just bitcoin, there are many options

If you think that crypto means only Bitcoin, then wait. There are thousands of coins in this world, like Ethereum, Cardano, Solana, and many more. If you want, you can create your portfolio by investing a little in different cryptos. This also distributes the risk a bit.

7. Transparent as well as private

In crypto, the entire record of transactions is visible to everyone; this is good for transparency. But your real identity, i.e., name, address, etc., remains hidden. Meaning you are secure and your privacy is also maintained. This balance is rarely found.

8. Way to protect from inflation

Inflation affects our pockets every year. The value of one rupee gradually falls. But some cryptocurrencies, like Bitcoin, are designed to retain or increase their value over time. This is why people consider it a "means to avoid inflation."

9. It is very easy to get started.

You do not need to open a big brokerage account. Just download a mobile app like WazirX, CoinDCX, or Binance, do KYC, and you can start with Rs 100-200. This has become the easiest way to start investing in today's digital world.

10. Opportunity to connect with future technology

Crypto is not just a currency; it is a complete technological revolution. Today things like blockchain, smart contracts, the metaverse, and Web3 are changing the world. If you connect with this world today, then you start understanding tomorrow's technology from today. This can also open new doors of career and innovation for you.

Some small but important tips for beginners

• Invest only as much as you understand.

• Don't rush; be patient.

• Don't invest in every new coin; do your research.

• Use a secure wallet.

• Be careful of social media trends.

  
  

Finally, a heartfelt talk

Look, investing in cryptocurrency can be a great opportunity, provided you do it wisely. It can lead you to financial freedom, but it also has risks. So start small, keep learning, and, most importantly, take your own decisions.

Finally, I would say that crypto is not just a means of earning money but a new thought, a new system, which can change the direction of the world. If you step into it correctly, then this journey can be very exciting for you.