1.Not Safe
Crypto coins are products of Blockchain technology. The cryptography method used to secure transactions in the Blockchain ensures that the assets of investors and individuals are safe and effective. In addition, a cold wallet and various security applications are available. Investors who come to the ICRYPEX crypto money exchange store and defend their receivables and crypto assets that they bring here in the cold wallet. These cold wallets, which are not connected to the network, do not constitute an attack in any way and are invisible. In addition, there are various actions and practices such as various security practices and limit limitations in the stock market and preventing illegal activities by providing an environment of trust to the investor.
2.There is no interlocutor
The fact that crypto coins are decentralized is an advantage and the strongest feature of the contrary to what is thought. No commission is deducted from the transactions that take place directly between the buyer and seller on the blockchain, eliminating the cost of time. Today, in the banking sector, where high transaction fees are cut, money transfers from one country to another take place in more than 1 day, while in crypto currencies, this time occurs in a small time such as seconds. Since it is not under the influence of any external force, determining the prices between the buyer and the seller reduces the reliability and risk of crypto money investments to a minimum level.
3.It will finish the financial sector
In economics, resources are scarce in the world and needs are limitless. It is a branch of science that examines the distribution, production and sharing of scarce resources to unlimited needs. In the constantly developing and digitalizing world, various innovations are coming in the field of economy, and the most important of them is virtual money. In these periods when we have now passed to industry 5.0 and the ground is being prepared for this, crypto coins, which appear as new investment tools and virtual currencies, do not affect the values of goods and services because they are not inflationary. Due to the end and decrease of various mines, states and companies have started to look for different investment vehicles and are working. The fact that investment is the most important factor in the development of the country’s economy and plays a major role in the increase of GSYM pushes states to warm to crypto coins and work for them to issue their own virtual currencies.
4.Transfer Transactions in Crypto Coins Cannot Be Tracked
The transactions that take place on the blockchain technology are recorded on a distributed ledger and are interconnected with each of the blockchains in which these transactions are recorded. Although the identity of the person being processed is unknown, the address used can be accessed and tracked by all users. This is related to the transparency and reliability of crypto coins and is one of the important factors in the preference of investors and people.
5.Cryptocurrencies are Illegal and Their Use is a Crime
This issue, which has been raised since the first days of crypto coins, is completely unfounded and contains anonymity. Countries that direct the economy such as America, Japan, Germany, South Korea and Switzerland are constantly making legal regulations and agreements about crypto coins. Although there is no concrete statement in any illegal manner related to the crypto coins that the central banks of the countries are working on, they will be subject to legal regulation and supervision. The Central Bank of Turkey is also expected to take a positive decision very soon, and as the ICRYPEX crypto money exchange, we have prepared the future decisions in advance and we are acting accordingly.
