Is Cryptocurrency safe? ​​Can I Transfer Between Countries?

Article published on Aug. 17, 2017
Article published on Aug. 17, 2017

This article has not been vetted by an editor at Paris HQ

Cryptocurrency is getting well known each year, it is made it to exchange information, and the first cryptocurrency was created in 2009 and it is well known by the name of Bitcoin. After this one, were created so many others like Ripple, Litecoin, Dash, etc. But Bitcoin is still the most important cryptocurrency in the world.

These virtual currencies are safe and people are trusting in it more and more because of the transparency and the way it works. There are many benefits of Cryptocurrency. It is a great alternative for all kind of transactions and investments. You can open an account even with the fake information to be sure and make any transaction without providing any personal detail. Everything works with codes. Cryptocurrency, like Dash, is even more secure that is almost untraceable. And there is a very easy way to gain cryptocurrency exchanging platforms such as GoCoin, this one can process all kind of transactions in the limited market.

Cryptocurrency is safe

There are almost three millions of users right now of Bitcoin, most of them are doing investment in this currency. And even there are some risks investing in this currency, because of the changing in the fluctuation, there are more than 6,000 companies accepting payments with this currency.

One of the reasons we should consider safe to the cryptocurrency is that the client or buyer doesn’t need to put his personal information or credit card numbers, so in this way, you can be sure that any company will not share your personal information with anybody. It is well known that PayPal is using this method but using Bitcoin you will have low transaction costs. It is expected that in some years from now, this crypto currency will be a very important way to make payments and it will expand to more people.

Transfering Cryptocurrency around the world

Can you transfer Cryptocurrency between countries? Crypto currency is a decentralized system of payment which allows people to exchange currencies through the web without the involvement of any financial institution.  A wonderful built-in authentication system and the excellent design of this open system enable a person to do instant payments at a minimum cost throughout the world. Therefore, the short answer to this questions is Yes!

It is fast and simple. anyone with an internet connection and a computer can themselves transfer funds from any account to another, and because these accounts have no geographical borders and do not take into account any country or regulations from it, you can say that it is by far the easiest way to move money around the globe. Once the transaction is over you can check the crypto currency wallet to go ahead with further transactions. Once the transaction is completed, within 10-50 minutes the coins are received.  Time for the transaction is purely dependent on the number of transaction in the network and the type of coin. Before processing, it usually needs at least six confirmations for a transaction.  Though fast and simple, the cost of the transaction is also low which is as low as 0.30% in fee and sometimes certain user accept coins rather than fees.