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The birth of bitcoin in 2009 opened doors to investment opportunities in a completely new sort of asset class - cryptocurrency. Lots entered the space way early. coinpatrol

Intrigued by the immense potential of the fledgling but promising assets, they bought cryptos at cheap prices. Consequently, the bull run of 2017 saw them become millionaires/ billionaires. Even people who didn't stake much reaped decent profits.

Three years later cryptocurrencies still remain profitable, and the marketplace is here now to stay. You could already be an investor/trader or perhaps contemplating trying your luck. In both cases, it's wise to understand the benefits of purchasing cryptocurrencies.

Cryptocurrency Features a Bright Future

In accordance with a written report titled Imagine 2030, published by Deutsche Bank, credit and debit cards can be obsolete. Smartphones and other electronic devices will replace them.

Cryptocurrencies will no longer be regarded as outcasts but alternatives to existing monetary systems. Their benefits, such as for example security, speed, minimal transaction fees, ease of storage, and relevance in the digital era, will be recognized.

Concrete regulatory guidelines would popularize cryptocurrencies, and boost their adoption. The report forecasts that there will be 200 million cryptocurrency wallet users by 2030, and almost 350 million by the entire year 2035.

Possibility to engage in a Growing Community

WazirX's #IndiaWantsCrypto campaign recently completed 600 days. It has become a massive movement supporting the adoption of cryptocurrencies and blockchain in India.

Also, the recent Supreme Court judgment nullifying RBI's crypto banking ban from 2018 has instilled a fresh rush of confidence amongst Indian bitcoin and cryptocurrency investors.

The 2020 Edelman Trust Barometer Report also points out peoples' rising faith in cryptocurrencies and blockchain technology. As per the findings, 73% of Indians trust cryptocurrencies and blockchain technology. 60% claim that the impact of cryptocurrency/blockchain will be positive.

By being a cryptocurrency investor, you stand to be an integral part of a thriving and rapidly growing community.

Increased Profit Potential

Diversification is an important investment thumb rule. Especially, during this period when the majority of the assets have incurred heavy losses due to economic hardships spurred by the COVID-19 pandemic.

While investment in bitcoin has given 26% returns from the starting of the entire year currently, gold has returned 16%. A great many other cryptocurrencies have registered three-digit ROI. Stock markets as all of us know have posted dismal performances. Crude oil prices notoriously crashed below 0 in the month of April.

Including bitcoin or some other cryptocurrencies in your portfolio would protect your fund's value in such uncertain global market situations. This fact was also impressed upon by billionaire macro hedge fund manager Paul Tudor Jones when a month back he announced plans to invest in Bitcoin.

Cryptocurrency Markets Are On 24X7X365

Rather than usual markets, cryptocurrency markets operate round the clock, all days in annually without fatigue. That's because digital currency systems are essentially designed using bits of software code which are secured by cryptography.

The operational blueprint doesn't involve human interference. So, you are free to trade crypto or purchase digital assets once you want to. That's a good benefit! Cryptocurrency markets are very efficient that way.

E.g., Bitcoin has successfully processed transactions with 99.98% uptime since its inception in 2009.

No Paperwork or Formality Required

You are able to purchase bitcoin or some other cryptocurrency anywhere and anytime without any unnecessary terms and conditions.

Unlike conventional investment options, where an absurdly high number of documentation is required to prove yourself as an 'accredited investor', crypto-investment is free for all. In fact, which was the intended goal behind the inception of cryptocurrencies. The democratization of finance/money.

For buying any cryptocurrency on WazirX, you need to open an take into account that you simply just need to provide some basic details including your banking account information. Once they're verified, within a couple of hours, you are good to go.

Sole Ownership in Investment

When you buy bitcoin or some other cryptocurrency, you become the sole owner of that specific digital asset. The transaction happens in a peer-to-peer arrangement.

Unlike bonds, mutual funds, stockbrokers, no 3rd party 'manages your investment' for you. You call the buying and selling shots, once you want to.

User autonomy is the biggest benefit of cryptocurrency systems that provides incredible opportunities to invest and build a corpus in your principal capital 'independently' ;.

These were a number of the benefits of purchasing cryptocurrencies. Develop you discover them useful and convincing enough to kickstart your crypto investment journey.

Learn more about what is a Cryptocurrency and things to understand before purchasing crypto at wazirx.com, one of the very most trusted cryptocurrency exchange platform.

Also, you are able to download app and Start Trading Now! coinpatrol