Benefits of Investing in a Cryptocurrencies

Increased Profit Potential

Diversification is an essential investment thumb rule. Especially, during these times when the majority of the assets have incurred heavy losses due to economic hardships spurred by the COVID-19 pandemic.

While investment in bitcoin has given 26% returns from the starting of the year to date, gold has returned 16%. Many other cryptocurrencies have registered three-digit ROI. Stock markets as we all know have posted dismal performances. Crude oil prices notoriously crashed below 0 in the month of April.

Including bitcoin or any other cryptocurrencies in your portfolio would protect your fund's value in such uncertain global market situations. This fact was also impressed upon by billionaire macro hedge fund manager Paul Tudor Jones when a month back he announced plans to invest in Bitcoin.

Cryptocurrency Markets Are On 24X7X365

As opposed to usual markets, cryptocurrency markets operate round the clock, all days in a year without fatigue. That's because digital currency systems are essentially designed using pieces of software code that are secured by cryptography.

The operational blueprint doesn't involve human interference. So, you are free to trade crypto or invest in digital assets whenever you want to. That's a great benefit! Cryptocurrency markets are very efficient that way.

E.g., Bitcoin has successfully processed transactions with 99.98% uptime since its inception in 2009.

No Paperwork or Formality Required

You can invest in bitcoin or any other cryptocurrency anywhere and anytime without any unnecessary terms and conditions.

Unlike conventional investment options, where an absurdly high amount of documentation is required to prove yourself as an 'accredited investor', crypto-investment is free for all. In fact, that was the intended goal behind the inception of cryptocurrencies. The democratization of finance/money.

For buying any cryptocurrency on WazirX, you need to open an account for which you just need to provide some basic details including your bank account information. Once they are verified, within a few hours, you are good to go.

Sole Ownership in Investment

When you buy bitcoin or any other cryptocurrency, you become the sole owner of that particular digital asset. The transaction happens in a peer-to-peer arrangement.

Unlike bonds, mutual funds, stockbrokers, no third party 'manages your investment' for you. You call the buying and selling shots, whenever you want to.

User autonomy is the biggest benefit of cryptocurrency systems that provides incredible opportunities to invest and build a corpus on your principal capital 'independently'.

These were some of the benefits of investing in cryptocurrencies. We hope you find them useful and convincing enough to kickstart your crypto investment journey.