Benefits To Trading & Holding Crypto Versus Stocks

While there are a few drawbacks to cryptocurrency trading and holding, there are countless benefits that stock trading and can’t offer you. Let’s go over them together.

Here are the benefits to cryptocurrency:

·         You can trade cryptocurrency 24/7 without restrictions.

·         Typically, the fees are negligible compared to trading on regular exchanges.

·         There is no minimum purchase amount, nor do you have to have a certain amount of money to start trading.

·         Many exchanges offer ways to earn free cryptocurrency or give you registration bonuses you typically cannot get with regular exchanges.

·         You could spend no money whatsoever and earn cryptocurrency and then trade what you’ve earned to generate a much greater profit.

·         You can buy fractions of a cryptocurrency.

·         You can spend it right away.

·         You can use them for various things like staking or as a utility.

·         You can mine cryptocurrency should you choose to.

·         Given you store your cryptocurrency off the exchange as you should, you should never be concerned with someone else restricting your access or from hackers stealing your funds.

·         Cryptocurrency itself is highly secure and accurate, everything is tracked with 100% accuracy and everything is verified for integrity.

·         You don’t have to pay holding fees.

·         How you use the coins after is completely anonymous or can be made anonymous should you choose.

·         It’s very easy to transfer compared to withdrawing or depositing a stock and is much faster.

·         With decentralized exchanges, it is easily available to anyone regardless of their banking services or location (given it’s legal).

·         Transactions are made significantly faster.

·         You can lend your cryptocurrency.

·         Price is reliant on the entire network, not the company and more accurately the current CEO (refer to Tesla and Elon) depending on the cryptocurrency, namely Bitcoin.

·         You need a bank to trade on an exchange, but you don’t necessarily need a bank to trade cryptocurrency, as well as many types of accounts, have minimum holding requirements or you must pay monthly bank fees.

·         You can earn cryptocurrency from hosting a node on a network.

Here are some of the drawbacks to cryptocurrency:

·         Cryptocurrency is volatile.

·         User error can be very costly.

·         The more decentralized you go, the less support you have.

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