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Introduction
With the pandemic that hit the global economy massively, people all over the world realized how fragile the basis of the economic structure is. Many lost jobs, others touched rock bottom with their meager savings. The importance of investment was felt around the world. People craved for an alternative investing scheme independent of the governance of third parties. The best investment of this sort is trading bitcoins. Several people took to trading bitcoins even as fresher’s due to the unique style and pattern of Oil Profit Website. There was also a sense of fear about the new form of investment where no real-time money was involved. Also, the idea of the currency being stored in cloud-space was not convincing for many.
Why Official Sites for Trading?
High security and control in the user’s hand: The primary concern among investors about bitcoin trading is the security of their personal, especially monetary information. Since the digital platform has earned the ill-repute of various incidents of fraud and mis-utilization of personal information, the security of credit/debit cards or other personal information is often at stake.
People have refrained from investing in digital platforms for the same reason. But with the advent of official sites specially designed for trading cryptocurrencies and bitcoins, the security is higher. The websites operate without any intervention from third-party sites. These official sites are highly encrypted and not easy to crack by hackers. A user’s transactions are thus safe and no one else other than the user can rearrange or alter the details of the transaction. There are cryptographic digital signatures that enable the user alone to access his/her transactions, trade history, etc. Therefore, making the platform more secured and also the control is retained in the user’s hands.
Works from any location and anytime: Just like accessing one’s mails from anywhere around the globe one can access one personal crypto wallet from anywhere at any time. Just like sending or receiving an email, the address of a user’s crypto wallet is enough for login, buying, or selling these digital currencies. This has made the world of bitcoins easier, user-friendly, and more accessible for investors. Official sites are therefore important and recommended.
Easy payments: With the advent of official sites, they are available on all personal devices like phones, laptops, tablets, etc.
The payments related to trading have become a lot easier and can be done anywhere. There are scan and payment options for most official trading sites. No need to put in card details or swipe your card every time a user trades bitcoin. One can just display the QR code available on his/her crypto wallet and trade easily with simpler payments.
Smooth international transactions: It is equally easy to trade in a different country and your next-door with the advent of official sites. There are no extra charges levied for trading across borders and no business hours or days. Every day is a business day in the world of cryptocurrency. There are no floor or ceiling limitations of how much a user can trade or transact. This makes transactions smoother with official trading websites.
Protected identity of the user: A user’s identity can be kept anonymous when transacting in bitcoin wallets. The special address assigned to a user’s wallet is enough for payments. Therefore, revealing one’s personal information is not required for trading on official sites.
The sites are heavily encrypted and user information cannot be derived from the site for malicious use or fraud. There might be the necessity of some initial disclosure of information for the user account to be set up but that information remains safely coded with these official sites and no other user can access it.
Choose fees: Generally, various official crypto websites allow free buying of bitcoins but while selling there is a certain percentage charged from the amount. The user, in many cases, can choose the fees he/she wants to offer the site. There is not always a fixed fee but instead is flexible and depends on the user. No other fees are charged from the user. These sites are freely downloadable and no registration fee is required from the user’s end.
Conclusion
Official trading sites have not only secured the digital currency and personal information of investors but have also helped increase the number of users and investors. The advent of official sites has been a boon in disguise. The world of cryptocurrency has been made available and accessible to the common people now.
Also read: Getting Into The Bitcoin Market: How To Do It?
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