Cryptocurrency as a modern form of digital asset has received worldwide recognition for easy and fast financial transactions and its awareness among people has allowed them to take more interest in the field, thus opening up new and advanced ways of making payments. With the growing demand of this global phenomenon, new traders and business owners are now willing to invest in this forex platform despite its fluctuating prices, but it is quite difficult to choose the best one when the market is crowded. In the list of crypto-currencies, bit-coins is one of the oldest and most popular in recent years. It is basically used for the trading of goods and services and has become the part of the so called computerized block chain system that allows anyone to use it thus increasing the craze among the public.
Ordinary people who are willing to buy BTC can use an online wallet system to buy them securely in exchange for cash or credit cards and conveniently from the thousands of BTC foundations around the world and keep them as assets for the future. Due to their popularity, many corporate investors now accept them as cross-border payments and the rise is unstoppable. With the advent of the internet and mobile devices, gathering information has become quite easy because BTC financial transactions are accessible and their price is set according to people’s choices and preferences , resulting in a profitable investment. Recent surveys have also shown that instability is good for BTC exchange as if there is instability and political unrest in the country due to which banks are suffering, then investing in BTC can surely be a better option. Again, bitcoin transaction fees are quite cheaper and a more convenient technology to make contracts, thus attracting the crowd. BTC can also be converted into different fiat currencies and is used for trading securities, for land titles, document stamping, public rewards and vice versa.
Another advanced blockchain project is Ethereum, or ETH, which has served as much more than a digital form of cryptocurrency and its popularity in recent decades has allowed billions of people to hold wallets for them. With the ease of the online world, ETH has made it possible for retailers and business organizations to accept them for business purposes, thus they can serve as the future of the financial system. Also, as open source, ETH helps to collaborate on projects of various companies and industries thus increasing its utility. Again, unlike bit-coin which is used for money exchanges in a digitized network, ETH can also be used for various applications besides financial transactions and does not require prior permission from governments because people can use with their portable devices. The price of Ether has also remained stable and avoids the disruption of any third-party intermediaries such as lawyers or notaries, as exchanges are primarily software-based, making ETH the second best cryptocurrency to invest now