Cryptocurrency also called Crypto, is a mode of digital payment system, it does not require any bank involvement , nor the sanction of any financial institution.
It exists only in digital form, and people use it mainly for online transactions. Many physical purchases are possible by using this . There are everal companies sell cryptocurrency, unlike traditional money printed only by the government.
While ordinary currency is made of Paper or plastic, we can hold it or store in our purses …cryptocurrency exists only in digital form and we can store is in our digital wallet .
We dont need any authorisation for carrying transactions through crypto currency. Although government regulations are absent from the cryptocurrency market, they are taxable assets. You’ll need to file any profit or loss with the Internal Revenue Service/Tax service.
Banks always insure our money kept in our bank accounts against any loss, while cryptocurrency has no recourse in case we face any loss.
comment:
p_commentcount