It’s a new generation of online payments. Fast transactions with low fees can be sent to any part of the world. The convenience of this market makes understanding complicated cryptocurrency concepts more worthwhile.
All cryptocurrency transactions are based on a blockchain. A blockchain is like an open ledger where everyone can check all transaction history but cannot make any changes. Blockchain technology is becoming popular now because of its security, with many governments using it precisely for this purpose.
Terms of KYC are always available in their FAQs section. You can also choose your preferred exchange.
You need to pay a small fee to the network for the confirmation of your transaction. You can speed up your transaction by paying an extra fee.
The transaction will be sent in less than an hour depending on the load on the cryptocurrency network, which contrasts with international bank transfers that can take more than a week.
Cryptocurrency is an open-source product with a big community of enthusiasts that helps in its development and more. Since no one actually owns the cryptocurrency blockchain network, your account or wallet cannot be banned.