More than the past couple of years, people have been speaking a lot about cryptocurrency. At first, this company sounded scary but people began developing trust in it. You may have heard of Ether and Bitcoin. They both are crypto currencies and use the Blockchain Technology for highest security feasible. These days, these currencies are available in several types. Let’s know more about it.How Can cryptocurrency assist you?As far as fraud is concerned, this kind of currency can’t be faked as it’s in digital form and can’t be reversed or counterfeited in contrast to the credit cards.Instant settlementPurchasing real property involves third parties, such as lawyers and notary. So, delays can occur and extra expenses might incur. On the other hand, Bitcoin contracts are designed and enforced in order to include or exclude third parties. The transactions are fast and settlements can be produced instantly.Lower feesUsually, there is no transaction fee if you want to exchange Bitcoin or any other currency. For verifying a transaction, there are minors who get paid by the network. Even though there is zero transaction charge, most purchasers or sellers hire the solutions of a third-party, such as Coinbase for the creation and maintenance of their wallets. If you do not know, these services function just like Paypal that offers a web-based exchange method.Identification of theftYour merchant gets your complete credit line when you provide them with your credit card. This is accurate even if the transaction quantity is very little. Actually, what occurs is that credit cards work based on a “pull” system where the on-line store pulls the required quantity from the account associated with the card. On the other hand, the digital currencies function a “push” mechanism exactly where the account holder sends only the quantity needed without any additional info. So, there is no opportunity of theft.Open accessAccording to statistics, there are about 2.two billion people who use the Web but not all of them have access to the conventional exchange. So, they can use the new type of payment technique.DecentralizationAs far as decentralization is concerned, an international computer network known as Blockchain technology manages the database of Bitcoin. In other words, Bitcoin is under the administration of the network, and there is no central authority. In other words, the network works on a peer-to-peer based approach.RecognitionSince cryptocurrency is not based on the exchange rates, transaction charges or interest prices, you can use it internationally without suffering from any issues. So, you can save a lot of time and money. In other words, Bitcoin and other currencies like this are recognized all over the world. You can count on them.So, if you have been looking for a way to invest your additional money, you can think about investing in Bitcoin. You can either turn out to be a miner or investor. However, make sure you know what you are performing. Safety is not an issue but other issues are essential to be kept in mind.