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Advantages And Disadvantages of Exchanging Bitcoins for Electroneum

Advantages And Disadvantages of Exchanging Bitcoins for Electroneum
Richard Ells, via Wikimedia Commons

The money that Electroneum managed to raise through crowdfunding will be used to promote the brand on social networks, introduce it into online stores and mobile applications, and create an attractive brand for users and businessmen.

To make the project even more successful, the development team wants to release their software for game consoles. The developers also plan to localize the software for more than 30 countries around the world.

Given that there are about 2 billion smartphones in use globally, this opens up a huge field for a project to work with goals such as Electroneum. Suppose the developers manage to implement all plans, including establishing cooperation with such giant companies as Google and Facebook. In that case, the rise in the value of Electroneum will be inevitable.

In promoting the project to the masses, the Electroneum team will be assisted by renowned British coach and former footballer Harry Redknapp, the face of Electroneum.

  The advantages of bitcoin

bitcoin and piggy bank - Advantages And Disadvantages of Exchanging Bitcoins for Electroneum
Photo by Sarah Pflug from Burst

The advantages of bitcoin include:

  • Fees for bitcoin transfers are either very small compared to other currencies or none.
  • Bitcoin transfers are not limited. Also, the location of persons carrying out operations with cryptocurrency does not matter. All you need is the Internet.   
  • A Bitcoin wallet is very easy to create. There is no need to even enter any personal information.
  • The system’s reliability is superior to any other system, largely because bitcoin cannot be tampered with. There are no taxes levied on Bitcoin transactions because the cryptocurrency is not official. 

Disadvantages of Bitcoin:

  • Consider the disadvantages of cryptocurrency: each of the mentioned advantages easily turns into disadvantages. For example, the anonymity of transactions gives complete freedom to conduct illegal transactions, which is why there is a problem with the legitimization of the system. Due to the lack of legality, the system was not widely adopted.
  • The second significant drawback is the unpredictability of the system. In addition, bitcoin is subject to strong fluctuations in the rate since the price of a cryptocurrency directly depends on its rate. In addition, the system does not provide guarantees in the event of force majeure. 

It’s important to keep these in mind when you want to find electroneum to bitcoin exchange and make decisions, but it’s also important to look at the basics of the coin.

Below there are some of the reasons Electroneum can be a good investment.

Benefits

Electronium cryptocurrency has several clear advantages distinguishing it from other similar digital assets built based on crypto technologies.

The advantages of the Electroneum coin include the following features:

  • the cryptocurrency received its own unique blockchain based on the source code of the bitcoin blockchain. Thus, the crypto platform received all the advantages of BTC and lost the disadvantages inherent in the largest and most expensive cryptocurrency;
  • microtransactions are simply carried out between different games and applications;
  • the value of the currency is displayed with a decimal point, which makes this cryptocurrency more like fiat money;
  • with the help of special mobile applications, users can easily manage their digital wallets.

Featured Richard Ells, via Wikimedia Commons