C R Y P T O C U R R E N C Y
T H E P R O S & C O N S
A D A M B E L L E F O N T A I N E . C O M

Cryptocurrency is a digital form of
money designed to remain
anonymous for more security. It is
associated with cryptography,
hence the name. This practice
converts written information into
nearly untraceable code for
purchases and transfers.
WHAT IS IT?

T H O U G H T H E W O R D A L O N E C A N D R U M U P A B I T
O F C O N F U S I O N , C R Y P T O C U R R E N C Y H A S Q U I C K L Y
B E C O M E A D E B A T E D T O P I C T H R O U G H O U T T H E
P U B L I C . F R O M B I T C O I N , T O D A S H , T O L I T E C O I N ,
T H E R E A R E A S U R P R I S I N G L Y L A R G E N U M B E R O F
P R O V I D E R S T H R O U G H O U T T H E W E B .

PROS
Given the current state of the economy
and how questionable it can be at
times, cash is never an absolutely
guaranteed safe investment. While it is
highly unlikely that the markets crash
tomorrow, putting all of your trust in
your bank is somewhat of a gamble.

W i t h c r y p t o c u r r e n c y , f r a u d b e c o m e s
o b s o l e t e . B e c a u s e a l l t r a n s a c t i o n s a r e
d i g i t a l , t h i s o n l i n e c a s h c a n n o t b e
c o u n t e r f e i t e d o r r e v e r s e d s u d d e n l y b y
t h e i n d i v i d u a l s t r a n s f e r r i n g t h e m o n e y .
S i m i l a r l y , h a v i n g y o u r i d e n t i t y s t o l e n
b e c o m e s n e a r l y i m p o s s i b l e t h r o u g h
c r y p t o c u r r e n c y t r a n s a c t i o n s .
S A F E T Y

U n l i k e c r e d i t c a r d s , w h i c h d i s p l a y y o u r
c r e d i t h i s t o r y i n i t s e n t i r e t y , p l a t f o r m s
l i k e B i t c o i n u s e a l l o w y o u t o s e n d e x a c t
p a y m e n t s t o w h o m e v e r i t i s y o u a r e
p u r c h a s i n g f r o m w i t h o u t r e l e a s i n g a n y
o t h e r p i e c e o f i n f o r m a t i o n .
S A F E T Y ( C O N T I N U E D )

P e r h a p s o n e o f t h e b i g g e s t b e n e f i t s
t h a t c o m e s w i t h c r y p t o c u r r e n c y i s i t s
w i d e s p r e a d a v a i l a b i l i t y . N o t e v e r y o n e
h a s t h e f i n a n c i a l s e c u r i t y o f w o r k i n g
w i t h a b a n k , b u t n e a r l y 4 b i l l i o n p e o p l e
h a v e i n t e r n e t a c c e s s t o d a y , w h i c h i s
t h e p r i m e d e m o g r a p h i c o f
c r y p t o c u r r e n c y .
A C C E S S I B I L I T Y

CONS
There is quite a long road ahead for
cryptocurrency before it becomes the staple of
financial trading and investments, largely due to
just how new it is and how unfamiliar the world is
with it. Because of this, it requires quite a bit of
education for those who are new to the field, and
for businesses that have yet to implement it.

W h i l e c r y p t o c u r r e n c y c a n p r o t e c t f r o m
f r a u d u l e n t a c t i v i t y , i t i s o f t e n
c o n s i d e r e d l e s s s e c u r e d u e t o t h e r i s k o f
b a s i c h u m a n e r r o r , i . e . u s e r n a m e s a n d
p a s s w o r d s . T e c h n i c a l g l i t c h e s a r e a l w a y s
p o s s i b l e a s w e l l , w h i c h c a n r e s u l t f a i l e d
t r a n s a c t i o n s , o r w o r s e ; l o s t f u n d s .
H U M A N E R R O R

T h e s i z e a n d s p e e d o f y o u r t r a n s a c t i o n s a r e
f a i r l y l i m i t e d t h r o u g h c r y p t o c u r r e n c y a s w e l l .
M a n y c o m p a n i e s l i k e B i t c o i n p u t a c a p o n h o w
m u c h m o n e y y o u c a n t r a n s f e r , a n d h o w m a n y i n
a g i v e n p e r i o d o f t i m e .
C r e d i t c a r d s o n t h e o t h e r h a n d , a l l o w
i n d i v i d u a l s t o m a k e m u c h l a r g e r , m o r e f r e q u e n t
p u r c h a s e s , f u r t h e r b a c k i n g u p t h e c l a i m t h a t
c r y p t o c u r r e n c y m a y n o t r e p l a c e t r a d i t i o n a l
p a y m e n t m e t h o d s i n t h e f u t u r e .
L I M I T A T I O N S

T H A N K Y O U !
A D A M
B E L L E F O N T A I N E . C O M
A D A M B E L L E F O N T A I N E
F O R M O R E , V I S I T