Benefits of Cryptocurrency

Benefits of Cryptocurrency

Cryptocurrency has gained popularity for the last decade. Many people have shifted to cryptocurrency because of its value and advanced technology. In fact, there are many types of cryptocurrency including bitcoins, lite coins, peer coin, and dash. These are the common types of cryptocurrency that are commonly used, and each of them has a different value depending on your government exchange rate.

Cryptocurrency has transformed the traditional methods of payments such as cash or credit cards to digital and more secure alternatives. When you choose to invest in cryptocurrency, you must understand how it works the benefits.

The following are some of the some of the major benefits of cryptocurrency.

Transactions

service brokerIn the traditional businesses, the agents, brokers and other representatives play a significant role in making successful transactions that would otherwise be straightforward. Similarly, traditional business deals would involve a lot of paperwork, commissions, and number of conditions as well as brokerage fees.

With the introduction of cryptocurrency, these transactions are made efficiently without the involvement of a third party. The intermediaries are eliminated, and no commissions are encountered. There is always clarity and less confusion when you transact using the cryptocurrency in any transaction.

Confidential Transactions

When you are using the traditional means of transactions such as cash and credit cards, the history of the transaction can be used as a reference document each time to retrieve any kind of transactions. No matter how complex or business-critical the transactions are, an examination can easily be done to retrieve the financial history.

Using the cryptocurrency is a unique system to keep confidential transactions between two parties. The terms are negotiated between the two parties to the transaction, and no financial history can be examined. This is because the exchange of information is based on push-basis. This means you can transmit the exact transaction you need to send to the recipient and nothing besides that.

Transaction Fee

When you check the monthly account statements from your bank, you will be frustrated with the transaction fee bulked on your transactions. If you are performing many transactions, you will obviously incur more transaction fees in a month unlike with the cryptocurrency network. When you use the cryptocurrency to make transactions in your business, you will never incur the transaction fees because the network involved is directly from the sender and the recipient only.

You will only incur transaction fees if you engage a third party to maintain the cryptocurrency network that you use. However, it is still a low rate transaction process compared to traditional means of transactions such as cash and credit.

world trade

Easier International Trade

Cryptocurrency has enabled investors to expand their investments globally because of the ease to make transactions. People can take tenders on international levels because they are not subjected to any transaction fee, interest fee or any other levies that involve crossing the border.

Investors use a peer-to-peer mechanism to make their transactions. Funds transferred are not exposed to any form of fluctuations because the cryptocurrency exchange network is conducted without complications.…

Tips on Saving Money in 2018

Tips on Saving Money in 2018

It is always important to have a good saving plan. As the year starts, you need to have a plan that will help you achieve your financial goals. Before you start saving, you should determine the amount of money that you want at the end of the year.

With such a financial plan, it becomes easy to work towards achieving your goals. Your financial goals should be as clear as possible so that you can look for ways of meeting them. Here are tips to help you save money in 2018:

Zero spending days

The concept of zero spending is a good option for people who want to save money. By zero spending, it means that there are days that you will not spend any money. If you allocate one day per week and decide not to use any money, you will end up saving that money at the end of the year.

On the days that you don’t spend any money, you direct the money that you could have used to your annual saving plan. This is a good way to boost your saving kit at the end of the year.

Monitor spending habits

You can never know how to save money if you do not monitor your expenses. The only way to know how to save money is by learning how you spend money. For instance, if you order take-out meals every day of the week, then you can decide to reduce the consumption.

You can save money by ordering take out two times a week and then cooking at home on the other days. These are the small spending habits that will help you in saving money.

Create a budget

Creating a budget for your monthly and weekly expenses is important. Creating a budget is a good way to create accountability for the money that you spend. With a good budget, you will be able to determine the maximum amount of money that you can save. It is always the dream of everyone to save as much as possible. You can always create a budget depending on how frequently you use the money for various bills.

money and piggy bank

Have a target

Saving is not just putting money aside every day, week or month. It is about having a good saving plan and target. You should know how much money you need at the end of the saving period and how you will use the money.…

How to Protect Yourself from Credit Card Fraud

How to Protect Yourself from Credit Card Fraud

Credit card fraud is a common problem and especially with the growth of online transactions. Today we have cases of people losing their money right from their credit card. The good news is that it is now easy to prevent credit card fraud.

You just need to know how to protect the information of your card from malicious people and website. If you don’t expose your information to a third party, then no one will able to use the information to steal from you. Here are tips to protect you from credit card fraud:

Scan for computer virus

When your computer has viruses and malware, then you areanonymous person using credit card exposed to credit card fraud. If you regularly do online transactions, then make sure that your computer is always protected. Hackers can use phishing technique to get important information from your computer.

When all the important information from your computer is exposed, then there are high chances of credit card fraud. Use a good anti-virus on your computer and regularly scan your computer to remove any viruses. It is important also to avoid clicking on links sent to your e-mail or even available on social media.

Protect your identity

Identity theft is a common method used by people who want to take money from your credit card. You expose your identity by carelessly giving out your name, social security numbers and other important details. Identity theft means that people will use your money by pretending to be you. You might notice when the damaged has already been done, and you have already lost a lot of money.

Monitor transactions

It is important to monitor all your credit card transaction once in a while. You should make sure that you authorized all the transactions appearing on the card. In case you notice anything suspicious, then it is important to lock your credit card. Locking your card will prevent further damage and even gives you time to clear all the suspicions that you might have.

credit card

Don’t share your pin

The logical thing when trying to protect yourself from credit card theft is to make sure that you do not share your pin. Also, remember to avoid making your pin obvious by using your birthday or social security numbers. The idea is to make it difficult for anyone who will come in contact your credit card.…