With increasing number of businesses accepting cryptocurrencies as a legitimate payment mechanism, the sector is witnessing an upsurge in investments and crypto exchanges like LATOKEN are further simplifying the entire trade
Being far more advantageous than the standard currency, the world of cryptocurrency is witnessing a massive influx of investors day by day. However, since the digital currency is immune to interference from the government, this calls for the investors to make a cautious and a conscious investment in the domain.
Crypto exchanges like LATOKEN ensure a safe and secure environment for their users, enabling them to trade from more than 500 cryptocurrencies. Such legitimate and authentic exchanges protect the investors from the surging frauds and scams. LATOKEN exchange is gaining immense popularity amongst the investors in India and Europe.
As cryptocurrencies are decentralized, and do not fall under the jurisdiction of a central authority, there is no scope for manipulation of these currencies by the government. These currencies do not rely on the banks either, for the verification of transactions. Instead of relying on a single server, the crypto mechanization leverages ‘blockchain technology,’ which is spread across several computers for recording and managing transactions.
The blockchain technology involves transactions recorded on blocks linked to each other on a decentralized online ledger. The blockchain acts as a security contrivance for cryptocurrencies. If the data on one block is tampered, it will not match the data on the other blocks and thus will be easily identifiable. The online ledger is simultaneously distributed amongst hundreds and thousands of computers.
In addition to this, platforms like the LATOKEN app have further simplified the purchase of cryptocurrencies by collaborating with the most sought-after online payment platforms like UPI, PhonePe, Mobiwik etc. Users are venturing into the crypto world in one way or the other, as security turns out to be the biggest appeal in this domain.
As the banks are not involved in the trade, people are saved from tedious paperwork and long waiting hours and even international transactions take place instantaneously. Additionally, there is no limit on transactions and one does not have to worry about transaction fee.
With that being said, crypto trade is 100 per cent legal in India as of now and the domain is getting more lucrative with an increasing number of businesses accepting cryptocurrencies as legitimate means of payment.