Over the last 5 years or so, the world has been abuzz about cryptocurrencies. This s as more and more people gets to learn about this new type of digital currency. The most popular cryptocurrency is Bitcoin which is now being accepted at selected stores worldwide. Read on to discover why this type of new currency is very popular.   
Lower transaction fees  
One of the major reasons why cryptocurrencies have become popular the world over is because of their low transaction fees. All the other money transfer services will cost you a hefty transaction fees. However, this is never the case when it comes to cryptocurrencies. If you choose to make a payment using cryptocurrencies, you will pay minimal transaction fees. This will save you a lot of money especially if you are dealing with large transfers. Therefore, cryptocurrencies such as Bitcoins can be a cost effective way to pay for goods and services online.  
No government regulation  
Lack of government regulation is another reason why many people go for cryptocurrencies. As a result, the value of the currency remains the same irregardless of the government of a specific country.   
There are investors who want to protect their money. As a result, they invest in cryptocurrencies since they are much safer than other conventional currencies on the market. This makes the currency more attractive to investors especially those who do not want a lot of scrutiny from government.  
Greater profit potential  
Unlike conventional currencies, cryptocurrencies changes in value by a large margin. This means that if you purchased Bitcoins or Ethereum when the prices are low, and sell when the prices go higher, you have a chance to make huge profits.   
There are many investors who have made fortunes with Bitcoins in the past few years and this shows that there is potential for those who want to make money.  
Easy to trade on  
Although cryptocurrencies may seem like a difficult topic, people are normally shocked by how easy it is to use them. This is partly because many companies around the world are beginning to accept them as a means of payment. In the future, there is no doubt that every company will be accepting payment through the major cryptocurrencies available. And as more people continue to use cryptocurrencies, it will become even easer to buy the coins.   
Security  
Crypto currencies are generally traded on online. However, there have been many cyber attacks online that people fear for their money and identity. Therefore, the use of cryptocurrencies to pay for goods and services online is much safer than using the other conventional methods.    
Therefore, if you are worrying about making payments online, we suggest that you can use Bitcoins. This is because they are more secure than some of the other conventional payment methods. For more extensive information, visit the company website at Investment Honey to view the available businesses option.  
Conclusion  
We hope the above 5 points helps you understand why cryptocurrencies are very popular the world over. However, if you want t use then, we suggest that you opt for one of the most popular cryptocurrencies on the market. This is because it is not wise to invest in a currency that has no potential for growth.

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