We’ve all heard about cryptocurrency one way or the other, you’ve probably heard your colleagues at work, school, or even might have come across the word Bitcoin on the internet.

If you have, Bitcoin is not a cryptocurrency but part of the cryptocurrency and if you have not too you don’t have to worry, just don’t skip a word because we are about to take a journey into the cryptocurrency world and discover how we can also be rich overnight and why we should learn about cryptocurrency and invest in it.

Let’s start our journey by explaining what cryptocurrency is; Cryptocurrency is a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authority.

In other words, cryptocurrency is just like our traditional currency(fiat) that we use daily but in digital form, a perfect example will be “Mobile Money”, but it is not controlled by any government or institution.

Now that we’ve discovered that a cryptocurrency is a form of virtual currency, we can now conclude that Bitcoin is a type of currency on the cryptography or cryptocurrency. Just as we have dollars and cents in American currency, cedis and pesewas in Ghanaian currency so we have Bitcoin on the cryptocurrency blockchain or world.


Here are some of the reasons we should invest in cryptocurrency.

First and foremost you are in complete control of your money, it is a secure decentralized form of banking that takes the government and the bank out of the equation.

Furthermore, It is a solid alternative for saving your money, to explain this further let’s take the traditional way of saving money as an example, the more time that your money is in the bank the more value it decreases through inflation.

Lastly, Cryptocurrency offers you lower transaction fees compared to traditional banking. Although you will be charged a certain amount of fees on your transactions it is very low.

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