Crypto

Cryptocurrency: myths and reality.

*In the last few years, cryptocurrencies have become very popular all over the world. Some consider them to be the biggest breakthrough in the financial industry, while others criticize them for their hidden capabilities and associated risks. In this text, we will analyze the most common misconceptions about cryptocurrencies and try to understand whether they have a real basis.*

Myth 1. Cryptocurrencies are anonymous money, they are not registered anywhere and cannot be tracked. ***In reality, this is how traditional money works, not cryptocurrencies. In blockchain technology, nothing hides the personal data of the wallet - there is no information about the place of residence or the recipient of the transfer.***

_Advantages of cryptocurrencies:_ * Anonymity allows clients to conduct transactions without the risk of being under surveillance or being arrested; * Using cryptocurrencies it is convenient to make very small payments;

* Compared to traditional money, cryptocurrency transactions are almost instantaneous. However, transfer fees are usually lower than in bank transfer systems. * Cryptocurrencies are also popular among those who do not trust traditional banks and believe that their practices are suspicious.