Cryptocurrency features a great ‘attractiveness’ quotient attached with it. More and more individuals are looking to understand the dynamics of how the cryptocurrency works and what more can be done with it. The idea that originated in 2009 took its time for you to grow but within the last few five years, it’s really established itself in the financial markets. Those people who are miners and those people who are investors have reaped in the benefits of cryptocurrency through buying, selling and trading. Investments in cryptocurrency have yielded 8-10 times profits to investors who started early and have been constantly tracking their investments.
Trading of cryptocurrency is now an established procedure that you certainly can do with digital money. However best bitcoin casino, since it this concept is strengthening its foothold, there are lots of options opening for it. Here are uses of cryptocurrency, some of that you simply aware of while some would come as a surprise:
Cryptocurrency is an excellent solution to multiply your money. Once you get cryptocurrency in hand, you are able to decide how much to spend as a result and how much to invest. However, getting cryptocurrency from a reliable source is very important. Cryptocurrencies come in many names like Bitcoin, Ethereum, Ripple, Indus Coin etc. While planning for purchasing these, you will need to check on the authenticity of the service provider. See if they display the ticker rate and symbol on the page and the exchanges where you can trade your cryptocoins.
For e.g. once you buy from the cryptocurrency exchange like Indus Coin, you’ll clearly understand the features and benefits offered for your requirements on purchase of cryptocoins. The wallet that they may provide for your requirements will soon be encrypted with the safety features in-built. Technologically also, they are sound with P2P networking, dBFT consensus and digital certificates all in place.
When you have determined the source of one’s cryptocurrency, you are able to avail off the services provided by cryptocurrency exchanges for trading. Customer care is another aspect that you have to check since the currency is digital and payments are instant. Once all this is on order, you are able to invest your currency for trading and watch your hard earned money grow manifold.
2. Buy travel
The travel industry is opening to the outlook of using cryptocurrencies like never before. Hotel stays, air travel and packages is now able to be bought using cryptocoins. Travel operators that provide customized packages find the concept of cryptocurrency really convenient since there are no conversions required once you pay using cryptocoins and it’s the fastest approach to payment from an inter-country perspective as there are no middle men involved. This also calculates to be the least expensive method while there is no percentage kept with the banks or financial institutions when they route your payment.
3. Buy education
Wherever there are diversities arriving, cryptocurrency will soon be preferred. In case there is educational services, payments done by students to colleges (mostly fees) have always been complex. Account transfers, wire transfers, foreign currency demand drafts and such instruments are the most popular methods. However, most of these attract yet another fee once you make the payment. Moreover, they’re not instantaneous. Students across the planet have been looking for options that can ease this burden for them.
Cryptocurrency contains the ability to change this scenario and allow it to be simple. University of Nicosia, Cyprus is the first accredited university on earth that’s officially accepted Bitcoin as a mode of payment. The payment comes through the processor Bitpay and it can be done in BTC. The University truly values the potential of this digital currency and has even started a class called Masters Degree in Digital Currency to organize specialists for the future.
4. Crowd Funding
Crowd funding is a unique means of utilizing your cryptocurrency. Just as how any other crowd funded business works, here also you can put your hard earned money on somebody else’s business and be an integral part of his success. Many companies that offer funds to new businesses have created a platform using cryptocurrencies for e.g. crowd funding company called Lighthouse features a platform of Bitcoin.
Just how it works is as possible donate your hard earned money from your own wallet to the company for a specific business. You will find no costs for the donation until your hard earned money is delegated to a specific project and that particular company meets its goals and objectives. Your funds remains safe with the crowd funding company before project has met its criteria. This is a good solution to invest your cryptocoins and completely hassle free. You can even withdraw the donation at any point of time. Cryptocoins like Altcoin, Dogecoin will also be popular for crowd funding apart from Bitcoins.
5. Common daily purchases
Coffee shops, pizza outlets and grocery chains are opening as much as accepting this new form of payment. You are able to transact at these outlets in the normal manner and pay up using your cryptocurrency wallet. Wal-Mart is among the biggest names which have associated itself with cryptocurrency. Apart from these, TigerDirect, NewEgg and OverStock will also be names that come in this category.
Inclusion of cryptocurrency in everyday life has led to a massive change towards perception of cryptocurrency and also for clearing the skepticism that the common man still faces over the concept of digital currency.