What is the main advantages of cryptocurrency exchange system? The concept is based on a decentralized platform that is on a blockchain technology which joins together to manage the database of all the transactions taking place. Thus, via a decentralized system, we can keep count of all the transaction and transparency is maintained.since the blockchain concept is highly encrypted via a technique called cryptography, tracing the path of the transaction becomes almost impossible. Hence, there is full anonymity and no risk or threat of theft. Therefore this system does not play with the trust of people. the transactions take place from client to client and thus are just a matter of seconds.No third party involvement and hence very low or no fees of transaction. Often the regular payment gateways or online payment do the transactions via a third party and charge high transaction fees. But such is not the case with cryptocurrency system.You can have your own cryptocurrency wallet and you can use it anytime and anywhere for any kind of payment very conveniently. Thus you are your own bank and geographical barriers are not a problem anymore.

One of the most common actions identified across the surveyed jurisdictions is government-issued notices about the pitfalls of investing in the cryptocurrency markets. Such warnings, mostly issued by central banks, are largely designed to educate the citizenry about the difference between actual currencies, which are issued and guaranteed by the state, and cryptocurrencies, which are not. Most government warnings note the added risk resulting from the high volatility associated with cryptocurrencies and the fact that many of the organizations that facilitate such transactions are unregulated. Most also note that citizens who invest in cryptocurrencies do so at their own personal risk and that no legal recourse is available to them in the event of loss.