Although crypto is not legal in all countries, it is possible to buy and sell crypto from almost all countries through p2p services. For example, no cryptocurrency including Bitcoin is legal in our Bangladesh so far. But we can easily buy and use crypto through p2p from Bangladesh. although crypto is not legal in Bangladesh, we can kyc on crypto related sites, crypto exchanges with Bangladeshi NID, Passport, Driving licenses. But since crypto is not legal in our Bangladesh, it is very dangerous for us to hold crypto in a centralized exchange because our accounts can be restricted at any time. so I always use non-custodial wallet. Although forex trading is legal in our country, most of the youth here do crypto trading and avoid forex.
Exactly, another advantage of crypto over the forex is its potential for global access since crypto is a decentralized and digital currency, it's not subject to the same geographical restrictions as forex.
Hello,
What are the Advantages and Disadvantages of the Crypto and Forex? Why should anyone choose Crypto over Forex?
Thank you.
Forex and crypto are two different entities but they both involve the trading of currencies. The main difference between these two is that forex is a regulated market and crypto is largely unregulated. The decision to choose any is absolutely yours but crypto has the potential for much higher returns than forex because the crypto market is still growing and evolving and there's the possibility that it will increase in value over time. Crypto also offers the chance to invest in new and innovative technologies. Forex is a more established market and crypto is a more decentralized market meaning that it's less influenced by governments.