• transaction fees compared to traditional banking.
• Fast,, and efficient transactions across borders
• Reduced risk fraud and identity theft. • Access to new markets due the global reach of cryptocurrency.
• Decentralized and secure stores of value.
• Volatility – prices can change quickly, which makes it difficult to predict the worth of investments.
• Regulatory uncertainty – cryptocurrency is still a new concept and there are major questions over how it will be regulated in the future.
• Technical complexity – setting up and running a cryptocurrency business can be complicated for those with limited technical knowledge.
• Lack of liquidity – there is still relatively low liquidity in the market, which can mean that it is difficult to sell large amounts of cryptocurrency quickly.
• Security risks – since cryptocurrency transactions are irreversible, they are vulnerable to hacking, scams and other security risks.
• Limited acceptance – many businesses and individuals still don’t accept cryptocurrency, so you may have difficulty in spending it or converting it into fiat currency.