Cryptocurrency is a mediumof exchange which is becoming more and more popular for online transactions anduses enhanced cryptography mechanism for security. It is a type of decentralized digital currency. Itutilizes blockchain ledgers to record and validatetransactions. The first cryptocurrency was bitcoin. Cryptocurrency users connect directly toeach other in peer-to-peer transactions, with a degree of anonymity provided bythe blockchain ledger. The blockchain ensures a cryptocurrency’s integrityand eliminates the need for a central administrator.
Cryptocurrenciesare a digital cash designed to be quicker, cheaper and more reliable than ourregular government issued money. Instead of trusting a government to createyour money and banks to store, send and receive it, users transact directlywith each other and store their money themselves. Because people can send moneydirectly without a middleman, transactions are usually very affordable andfast. To prevent fraud and manipulation, every user of a cryptocurrency cansimultaneously record and verify their own transactions and the transactions ofeveryone else. A cryptocurrencywallet is used tostore various kinds of cryptocurrency.
Cryptocurrencies are almost always designed tobe free from government manipulation and control, although as they have grownmore popular this foundational aspect of the industry has come under fire.Beyond that, the field of cryptocurrencies is always expanding, and the nextgreat digital token may be released tomorrow, for all anyone in the cryptocommunity knows. While bitcoin is widely seen as a pioneer in the world ofcryptocurrencies, analysts adopt many approaches for evaluating tokens otherthan BTC. Bitcoin continues to lead the pack of cryptocurrencies, in termsof market capitalization, user base, and popularity.
Nevertheless, virtual currencies such as Ethereumand ripple, which are being used more for enterprise solutions, are becomingpopular. CoVEX (www.covex.io ), Coinbase (www.coinbase.com),Binance (www.binance.com), HitBTC (www.hitbtc.com),etc. are secureplatform that makes it easy to buy, sell, and store cryptocurrency likeBitcoin, Ethereum, and more.
Why cryptocurrency is beneficial?
Cryptocurrenciescombine money with technology and as a result are able to provide upgrades toour traditional financial systems. All currencies are born out of a need totrade either goods or services but every “fiat” currency in use today has itslimitations. Cryptocurrency is relatively new forms of commerce and paymentsystems and is useful in many ways. Some are mentioned below
l cryptocurrency networkidentity or address. So you have individual ownership.
l Cryptocurrency possess anonymity feature which helps you to hide youridentity.
Cypto lovers are always looking for new information about digital currency onwhere to buy and sell Bitcoin. Paxful is a Peer to Peer Bitcoinmarketplace connecting buyers with sellers. You can buy and sell Bitcoinwith anyone in the world using Paxful. It provides more than 300 paymentmethods to users to pay for their Bitcoin purchase.
With the use of Paxful, you can receive Bitcoins almostinstantly and securely and by storing your bitcoins with Paxfulwallet. The main gaol of Paxful is: “to make Bitcoin easier for everyone from businesses to merchants.”
Paxful always focus the user andhelps them to have complete control over their money. The peer-to-peersystem (completely decentralised, with no centralserver) of Paxful removes borders andlimits. You can think of your Paxful account as your very own financialpassport. With it, you can send money and buy things from halfway around theworld. Build a business with our affiliate program.
Paxful uses escrow systemand has dedicated 24/7 customer support. It is also extremely secure if youknow how to minimize the risk and knowhow to secure your account.Upon sign up on Paxful, users are given a FREE wallet which is the simplest bitcoin wallet on earth.
Alternatives of Paxful
Unocoin is Paxful's topcompetitor. Unocoin is a Private company that was founded in Tumakuru,Karnataka in 2013. Unocoin operates in the Systems Software industry. Unocoinhas 33 more employees vs. Paxful.
Flexa has been one ofPaxful's top competitors. Flexa is headquartered in New York, New York, and wasfounded in 2018. Flexa is in the Transaction Services field. Flexa generates84% the revenue of Paxful.
CoinPayments is perceivedas one of Paxful's biggest rivals. CoinPayments was founded in 2013 inVancouver, British Columbia. CoinPayments competes in the Transaction Servicesfield. CoinPayments generates $7.8M more revenue than Paxful.
BitPay is a developer andprovider of blockchain-based bitcoin payment processing solutions for merchantsand enterprise organizations.BitPay is headquartered in Atlanta, Georgia.Stephen Pair is the Co-Founder & CEO of BitPay. BitPay's investors includeAquiline Capital Partners, Menlo Ventures, and Delta-v Capital. BitPay's maincompetitors are Coinify, itBit and Bitfinex.
Coinbase is the simple, safe way to buy,manage and sell your cryptocurrency. It allows you to securely buy, store andsell cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic,Litecoin, and many more on our easy, user-friendly app and web platform.
Simplex enables merchants toaccept worldwide debit or credit card payments, with zero exposure to fraudchargeback risk.
CoVEX is a platformthat allows for the completion of the entire crypto lifecycle – buy, sell,trade, lend, borrow and use as mode of payment. It has enhanced securitymeasures at different levels to provide extreme levels of security for traders’funds and their personal data. It also has certain unique features like socialtrading, margin trading and payment gateway with a dedicated marketplace andescrow system. It is comprehensive financial ecosystem for crypto enthusiasts.