For banks, transfers between accounts on average take 3-5 business days, and maybe more if they are foreign transfers. In cryptocurrencies, transactions are instantaneous. However, when working with large amounts, it is recommended to wait for a few confirmations by the transaction network, usually, it takes no more than an hour.
Security, reliability, security
Cryptocurrencies use proven cryptography with the separation of public and private keys to store access keys to funds. Similar algorithms are used by banks and other financial institutions to protect their data. And the total computing power of the Bitcoin network, which is used to protect the history of transactions, back in 2012 exceeded the computing power of any supercomputer in the world.
Smart contracts, multi-signatures and other progress for the convenience of business and users. You can create transactions with a guarantor when, for example, two of the three signatures are required to complete a transaction. Smart contracts allow you to set much more complex conditions for operations.
Lack of complicated registration, age, and any other restrictions. To get started, you do not need anything other than Internet access. You download the Bitcoin client to your computer or smartphone, it generates the address of your wallet. From now on, you can receive and send cryptocurrency.
Cryptocurrency coinbase login is the same supranational technology as the Internet. Across the world in recent years, the number of points working with cryptocurrency has only increased. Even a large business such as Microsoft or Dell already accepts Bitcoin for its products.
With further distribution, you will not need to think about converting between local currencies, lose on commissions and recalculate the cost of the goods in your usual currency to understand how much it costs. Rubles, lyres, crowns, shekels, rupees … Bitcoin!