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Why Should Anyone Invest in Crypto?

    The global cryptocurrency market is constantly growing. Over the last decade cryptocurrency has become a popular investment, so more and more people are curious to invest in it. Between 2023 and 2030, the global cryptocurrency market is expected to grow at a compound annual growth rate (CAGR) of 12.5 %.

    What are the market's main trends? What are the main pros and cons of investing in crypto? Where to buy and sell cryptocurrency? You can find all the answers and much more in this guide. Let’s get started.


    What is a cryptocurrency and how does it works

    Cryptocurrency is one of today's hot topics, but many people do not have a smooth understanding of this market. Cryptocurrency considers any form of currency existing virtually. It's a peer-to-peer payment system that makes it possible for anyone and anywhere to send and receive money.

    Cryptocurrencies are based on blockchain, which keeps track of all transactions updated and held by currency holders.

    We can cluster cryptocurrency into two distinct categories: coins and tokens. Crypto is intended for usage as a form of payment, whereas tokens are built on existing blockchains and can represent assets like digital artwork or something else.

    Benefits of owning crypto

    As we have already defined cryptocurrency and its categories, let’s focus on its benefits. If you want to benefit from that industry you should embrace rules and compliance. Although the cryptocurrency industry is not the easiest to navigate, maintaining compliance with laws is important if you run a crypto farm. You may enroll in a free crypto compliance training to keep your staff and business stay aware about changes and regulations. Some find crypto appealing because of its decentralized nature. This market is free of Central Bank of Governments control.

    Relatively secure

    First benefit of cryptocurrency is its payment security. Compared with credit card transactions cryptocurrency does not need third party verification, which makes it more secure than cards. In this case your data is not stored making identity fraud virtually difficult.

    Today when we do most of our transactions online and live our lives online digital security is important. To protect your data and identity, check out the most recent Primer on Digital Security.


    Privacy is another benefit of cryptocurrency. There is no need to sign up for an account at a financial institution while using cryptocurrencies. Your wallet address serves as a unique identifier on the blockchain, it does not contain any personal data about you.

    Transactions speed and costs

    Cryptocurrency is also appealing thanks to its transaction speed. It only takes a few minutes, whereas card transactions often take up to five days to complete. The cost of crypto payments is typically lower as well. Nonetheless, demand for blockchain transactions can occasionally rise.

    Inflation protection

    Cryptocurrency along with gold is considered to be an “inflation-proof” investment. Some crypto enthusiasts insist that Bitcoin can be an effective hedge against inflation. They strongly believe that cryptocurrencies will become less volatile as they gain acceptance.

    Frankly speaking, crypto prices have fallen in 2022. For example a few months ago Bitcoin lost more than 50 % of its value, but it's difficult to say how much of that is due to inflation.

    Possible risks for crypto investors

    While investing in cryptocurrency may seem compelling to some, others are skeptical of its effectiveness. Let’s discuss some risks you can face:


    You have to be patient if you aim to invest in crypto. It is not the best bit if you are looking to make a consistent return. Cryptocurrency can quickly plummet to terrifying lows. So, first of all consider cryptocurrency volatility before investing in it.

    No refund and cancellation

    According to digital currency protocols, transactions cannot be canceled or altered once they are initiated. Generally, cryptocurrency transactions are irreversible.

    Consider the case where you sent a cryptocurrency to the wrong address. There is no way to cancel the transaction in this case. You should accept the fact that you lost your investment. The only way to return them is to contact the person to whom you sent the transaction and request to return them.

    Security risk

    Unfortunately, cryptocurrencies are not without security flaws. If you lose the private key that allows you to access your coins, you will lose your holdings. Then there's hacking, phishing, and all the other fraudulent actions aimed at gaining control. New investors are more vulnerable to these types of tricks.

    Best cryptocurrencies to invest in

    According to the Forbes Bitcoin, Ethereum, Tether, Binance Coin and U.S. Dollar Coin are the top 5 crypto to invest in 2023. Now we'll go over each one a bit in depth.


    Bitcoin is still on the top. It is the largest cryptocurrency. Bitcoin runs on blockchain. As of today its market cap is $451.97 Billion. As Bitcoin has grown in popularity, its value has skyrocketed. Now you can buy one Bitcoin for about 23.5 USD.


    Ethereum stands for its largest ecosystem in blockchain and cryptocurrency. Its market cap is $201.64B. Ethereum is expected to grow in the future. According to Forbes, since April 2016 its price increased 14,754 %.


    If you are looking for less volatile crypto to invest in, Tether is the perfect option, because it is a stablecoin. Tether is supported by fiat money like USD and EUR and essentially maintains a value equal to one of them. Its current market cap is $71.16 billion.

    Binance Coin

    One of the biggest cryptocurrency exchanges in the world, Binanche, allows users to pay fees using Binance Coin. It can even be used to make trip plans or exchanged for Bitcoin or Ethereum. Its market cap is around $46,1B. For more information, you can check out a comprehensive Binance review.

    U.S. Dollar Coin

    The last one is the U.S. Dollar Coin with a $43.1 B market cap. Again, it is another perfect option for those who are afraid of crypto volatility. It is stablecoin.

    Apps to buy and sell Crypto

    Let us recommending the top apps for buying and selling cryptocurrency:


    If you want to stay in the cutting edge of crypto trading and looking for a simple and secure investing app, then buy and sell cryptocurrency online with SoFi, where 30 different coins are available. You can open an account with just 10 USD.


    With one of the oldest crypto exchanges - Kraken you may easily buy more than 185 cryptocurrencies. It’s available in 190 + countries and makes it possible to buy and sell crypto in minutes. Kraken offers quite competitive exchange fees.


    If you wish to make your crypto buying and selling process more simple, then Gemini is a perfect suite for you. You may buy, sell, and store more than 90 cryptocurrencies here. The availability of Gemini in all 50 U.S. states is one of its key advantages.


    Another easy to use platform is Coinbase. Here you can buy, sell and store Bitcoin, Ethereum and more cryptocurrencies. Coinbase is established in the USA and is accessible in more than 30 countries worldwide.


    We outlined the key benefits and reasons to own crypto. We have also spoken about some potential concerns and certain worthwhile currencies to invest in. Cryptocurrency investments can be quite profitable. Before buying each of them consider their benefits and drawbacks to success.

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