5 Reasons Why You Should Start Buying Crypto!

by | Oct 29, 2020 | Investments, Tutorial | 0 comments

In this post, I explained 5 reasons why you should start buying crypto.

Most folks love to make money through any legit means available to them.

And though crypto has been around for a while, many individuals are yet to see it as a profitable asset.

In fact, certain people are convinced that anything crypto is a scam. But that is not even close to the truth.

It is profitable to invest in crypto and today, you will find 5 reasons that will convince you.

Let’s dive right in!

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What Is Crypto?

Crypto is in this context is short for cryptocurrency, which refers to virtual money i.e. money you cannot touch. 

Cryptocurrencies are valuable and you can use them to perform digital/online transactions comfortably.

They are secured by cryptography, which makes them nearly impossible to counterfeit or double-spend.

Unlike the fiat money (cash at hand or bank) you are used to, cryptocurrency is not controlled by the government and it is not stored in the bank.

It is stored in what we call crypto wallets.

To make successful crypto transactions, you can buy crypto from crypto exchanges, store them in your wallet, and also transfer crypto to other wallets.

Now, let’s see the reasons you need to start buying crypto.

Tag along!

5 Reasons Why You Need To Start Buying Crypto

1. Most Platforms Are Beginning To Adopt Crypto Payment

Did you know? Facebook is planning to launch a stablecoin with which users can pay for ads and other business services?

Not just that, users will be able to pay for each other’s products/services on Facebook using the coin.

Also, stores like CTMastery, Regal Flowers, CloudSMS, GigaLayer, and FastTech now accept payments in crypto.

Moreover, during the recent #ENDSARS protest, individuals were able to make relief donations in crypto when the government shut down the Flutterwave platform (where the donations were made initially in naira).

The bitcoin donated was about 40% of the total amount that was raised. Impressive, right?

Crypto payments have some advantages over fiat money which includes convenience, low transaction fees, and higher speed of completion.

Additionally, cryptocurrencies are built on a blockchain.

And Nigerian companies like GrannyAdidas Concept, ECrest Global Resources, and SchoolClient Technologies use blockchain technology. What does that tell you?

It means that soon, most of the corporations you do business with will begin to use crypto for transactions and that is if they are not doing that already.

So, get on board and start buying crypto.

2. Crypto Is An Asset

Crypto is a valuable product that you can own and control to increase value.

For example, Bitcoin, the first-ever crypto was priced at $0.00008 (almost nothing) when it was first launched in 2009 but today (27/10/20), 1 BTC = $13,149.20. Cool, right?

Imagine how wealthy an individual who bought bitcoins in huge amounts in 2009 and stored them would be right now?

Just like Bitcoin, other cryptos are also increasing in value.

To tell the truth, many Nigerians have profited greatly by investing in crypto. I don’t know if you have met some of them, I know a few.

So, if you are looking for an asset to invest in, consider crypto. And who knows, you might just be on your way to a wealthy place.

3. Crypto Is Versatile

Another reason why you need to start buying crypto is because of its versatility.

Apart from using crypto to buy stuff, you can also trade it for profit as crypto prices dive skyward all the time.

And the more people adopt crypto, the larger the crypto market, and the more you can earn.

Furthermore, crypto developers are still working towards making crypto more versatile than it already is. 

The blockchains on which these cryptos are built are constantly improved to accommodate more functions like gaming, smart contracts, software development, social media utilization, decentralized business apps, etc.

Also, there are different areas of learning/job opportunities that have been created based on crypto like mining, trading, coding, etc.

Crypto is encroaching almost every sphere and I am sure you do not want to be left out.

4. Crypto Enables You To Make Seemingly Impossible Transactions

There are many people around the world who do not have access to banking infrastructure and traditional means of finance like credit. 

With crypto, these persons can transfer value across the globe for little to no fee. 

And you never know when you will have business with such individuals. Gladly, crypto will always come through for you. 

Even in places where traditional bank services are available, crypto transactions are faster because it removes the usual delay of international bank transfers.

Say, you want to pay for goods in China, paying the merchant in crypto will be processed a lot faster and in a more convenient manner as compared to when you go through your traditional bank procedures.

5. Your Crypto Is Yours And Yours Alone

Lastly, you should start buying crypto because unlike the money you have in your bank account, you have absolute control over your crypto.

You do not have to pay anyone to manage your crypto for you.

There is nothing like card maintenance fee, monthly SMS charge, and all those charges that your traditional bank wearies you with.

Plus, there are no government policies controlling the flow and growth of crypto. Whatever you find in the crypto world, that is how it is. 

Moving on, I’ll show you some exchanges where you can buy crypto.

Popular Exchanges Where You Can Buy Crypto

Listed below are exchanges where you can start buying crypto:


What did you say was stopping you from buying crypto? Well, I hope you can now see from this article that you have more to gain when you invest in crypto.

So tell me:

Will you start buying crypto today?

Which crypto would you buy first, Bitcoin, Ethereum, Litecoin, Ripple, or others?

Let me know in the comments section right now.

Before you leave, share this post with your friends who are not sure whether to invest in crypto or not.

Thank you!

In case you need a tutor…

We can teach you how to trade cryptocurrencies profitably. Simply enroll for our Crypto Trading Mastery Course by visiting www.ctmastery.com. You can also join our Telegram community at https://t.me/ctmasterySee you there!

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Chinma Udeji
Professional Cryptocurrency Writer. I break down complex crypto topics into simple words.