1.You can use cryptocurrencies as a payment method. Bitcoin is accepted as a payment method with hundreds of thousands of merchants. The number is increasing exponentially, especially since big companies like Microsoft, Virgin Galactic, Expedia and others started accepting them.
2.Sending your money around the globe was never as easy and fast as it is now. Cryptocurrencies are a simple and inexpensive way to send money to another person without the middlemen and government oversight. Cryptocurrencies made the traditional way of sending money look like an obsolete technology. You could still do it through an International bank transfer, Western Union, PayPal or another provider. The thing is they are all either expensive or slow and in most cases both. With cryptocurrencies, the transaction usually happens within half an hour and the fee is tiny in comparison.
3.Cryptocurrencies as store of value. Governments can decide to print more money, but developers of cryptocurrencies can’t decide to randomly throw more coins into circulation. The total number of coins with most cryptocurrencies is known in advance, so inflation is very limited.
4.Cryptocurrencies are very volatile and have an amazing trading potential. Every day there are coins that move significantly and if you know how to find and trade those coins, you can profit a great deal. On the other hand, with the lack of knowledge you can also quickly lose your money. Crypto Trade Academy’s main goal besides raising awareness of cryptocurrencies is to encourage people to take their financial future in their hands and to learn how to trade successfully.
5.Cryptocurrencies as an investment. Whoever put $1000 into bitcoin in 2011 and kept it as an investment became a millionaire.
6.Cryptocurrencies also evolved into Ethereum style smart contracts, Factom’s unalterable record keeping system, Siacoin’s decentralized data storage network, Steem’s blockchain based social media and many other practical applications