What would you say if someone offered you more money for the investment you want to make? The flewed out movie of people investing in other currencies and traditional forex doesn’t work any more. You need to be smart and invest in new financial vehicles like the cryptos. These become more and more popular among the younger parts of the population showing what the world will be in a few years.
Let’s now check why cryptos like Polkadot are so famous these days and what are their unique benefits making people invest in them like crazy.
They Are Transparent
First, you need to know that these cryptos are transparent. That means you always know the market cap and the circulating supply of these coins before you even buy it. For instance, you don’t always know the truth with fiat money and central banks and you end up losing money on the long run. When you turn your fiat money to cryptos you are sure that the money supply is stable and nobody will have the chance to print more cryptos and lower the value of your investment or your wealth.
You Can Keep Your Anonymity
With cryptos like Polkadot you can be sure that you are anonymous. Keeping your identity secret from others makes you more free to invest in more complex financial vehicles without worrying about being caught from the authorities. The crypto market makes you anonymous and that can be a wall of resistance against malicious people who could come and threaten you and your family for your wealth. However, it’s always better to use that anonymity for a good cause since that can mean you can enter into illegal procedures using the cryptos that is not something to be encouraged by their issuers.
There are No Transaction Costs And Fees
You have no transaction fees, and that is the truth. You may expect to pay only a small premium when you initially invest in the cryptos to ensure that the e-wallets and platforms remain profitable and operable to give you their services in the long run. For that reason, you are always free to register in these platforms and ensure you got the right transaction costs to anticipate your potential profits. It’s a win-win situation for all people who are keen on cryptos.
You are a Tax-Free Investor
There is another aspect of cryptos that has to do with the tax-free character of the investment. Governments have not taken a sure decision about taxing the cryptos and that becomes a definite benefit for people investing in it. You may expect no capital gain taxes on any crypto you are about to make it into fiat money. However, today you can use the cryptos to pay for goods and services so you don’t have to pay any taxes now or in the future.
They Always Increase in Value
If you check what happened in 2021 you will see a rally in cryptos towards the whole year. That is why you will always expect them to rise in value and give you the most promising returns on investment. These cryptos remain more and more valuable as you keep them and diversify your investments from traditional vehicles like real estate, stocks, and mutual funds.