The global economy is certainly moving towards a digital eco-system. From investment to money transfer, the whole system is going paperless. The latest and most promising add-on to the digital payment sector is a cryptocurrency exchange.
A cryptocurrency is a decentralized electronic currency like normal currencies such as USD and Euro with many other benefits. Since it is not issued by a central authority, governments can’t seize it from you. Over the last couple of years, cryptocurrency has been quickly gaining the public eye. Here are a few good reasons behind it
1.Fees

There was a time, not that long ago when cash was king and financial institutions gave generous incentives to people who chose to place their cold hard cash into institutional coffers. At present, bank accounts of all sorts, as well as debit and credit cards, have fees associated with the money transfers. There are debit and credit card fees.
2. Sensitive Data Banks and credit organizations, as well as retailers and service providers, gain and retain too much of their customers’ personal and financial information. Details contain your name, address, employers, social security number, net worth, assets, investments, account balances, credit score, credit line, and transaction history. Those details also elaborate on everything we do and buy, who we connect with, when, where, etc. including our personal, professional, and financial data sets.

3. International Use
Cryptocurrencies are a borderless way of exchange allowing for immediate and cost-effective transactions across the world. All that is needed is an internet-enabled device like a smartphone. That’s all!


4. Ecommerce
Receiving cryptocurrency online with top crypto exchange has never been easier. Shopify and Etsy merchants can choose to accept BTC, ETH, and other cryptocurrencies. Woocommerce and Easy Digital Downloads vendors can use WordPress plugins like Mycryptocheckout for the function.
5. No Charge Backs
Unfortunately, there are customers who make a purchase, receive the things they ordered and, perhaps, even use them only to cancel their compensation. They can do this because fiat payments are not immediate.
6. Mobility
Mobile payments is now the future. Being able to use a smartphone in place of a credit card is super convenient.
7. Commercial Use
It has been estimated that 20 million people worldwide own cryptocurrency. Most others have heard of bitcoin and plan on adding it to their portfolio.

A 2017 Cambridge Center for Alternative Finance study confirmed that 40% of consumers would be able to make purchases with BTC.