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Become part of the fastest-growing cryptocurrency exchange in Dubai, with a robust wallet and trading features to trade in the most popular cryptocurrencies such as Bitcoin, Ethereum, Tether, and others Crypto. Get into cryptocurrency trading with Pallapay, the quickest and safest way to buy & sell bitcoin in Dubai.
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The primary benefit of Bitcoin and most other cryptocurrencies based on blockchain technology is that many of them lack a central authority, payment processor, or company owner.
1. Easy Transactions Crypto transactions can be made easily, generally at a low cost, and in a relatively private manner. Using a smartphone app, hardware wallet, or exchange wallet, almost anyone can send and receive a variety of cryptocurrencies.
2. Relatively Secure Because cryptocurrencies are rooted in cryptography and blockchain security, decentralized cryptocurrencies tend to make for secure forms of payment. As such, the relative security of cryptos may be one of the biggest benefits for users.
3. Short Settlement Times and Low Fees While some people may only want to invest in cryptocurrency to take advantage of (prospective) price appreciation, others might find benefit in the ability to use crypto as a medium of exchange.
4. Exponential Industry Growth The cryptocurrency industry has been one of the fastest-growing markets that most of us have seen in our lifetimes, especially since the industry got its start with the debut of Bitcoin back in 2009. The total market cap of the cryptocurrency market in 2013 was about $1.6 billion.
5. The Possibility of Outsized Returns Bitcoin has been one of the best-performing assets of the last 13 years. When it debuted in 2009, Bitcoin essentially had no value, but in the following years, it would rise to a fraction of a penny, and then eventually to tens of thousands of dollars.
