As a sports and health retailer, we accept Bitcoin & Ethereum cryptocurrencies. What are cryptocurrencies?

Cryptocurrencies are digital currencies.

They can be exchanged and traded like any traditional or fiat currency, but are beyond the control of financial institutions and governments.

There are countless cryptocurrencies with unique characteristics and uses. Only a few of them have a correspondingly high market capitalization so far, including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple and Dash.

How do cryptocurrencies work?

Cryptocurrency trading is decentralized. This means that they are not issued or supported by a central authority, such as a government, but are managed via a network of computers.

However, cryptocurrencies can be bought and sold on exchanges and stored in wallets.

Unlike traditional currencies, cryptocurrencies are a shared digital record of ownership stored on a blockchain. When a user wants to transfer their units of cryptocurrency to another user, they send them to their digital wallet.

Pros and Cons of Using Bitcoins


1. Open financial system

Bitcoin offers the most open payment system. There are various trading software programs that allow you to transfer money internationally 24/7. And the best thing about these transactions is that you don't need any banking facilities.

2. Efficient money transfer

Bitcoin not only helps you transfer money, but also ensures that the transactions are fast and cheap. It even has a low percentage of conversion rate compared to traditional money transfer. For more information you can visit bitcoin pro

3. Digital Inventory

Bitcoin was created to provide users with an alternative to making payments outside of government jurisdiction. However, traders have found a way to invest in them. The craze for crypto-based investing has resulted in bitcoin being the most invested digital asset.

4. Same type of use

If you think that bitcoin will be different from fiat currency, then you are wrong. Both bitcoin and fiat currency act like money. This means whatever you can buy using fiat currency, you can also do with bitcoins. Assuming bitcoin is regulated in that country.

5. Absence of inflation

Bitcoin is not prone to inflation compared to fiat currency. This is because the value of the bitcoin is regulated by the user's holding of the crypto token. Also, Bitcoin is powered by blockchain technology, which means it follows a design set for its price assessments.

6. Transparency

Bitcoin transactions are carried out using blockchain technology. Blockchain technology follows a system of public accounting. Therefore, all information and transactions carried out with the help of the network can be viewed by the network members.

7. Highest price rating

Bitcoin is by far the highest valued cryptocurrency that has the highest price rating in the cryptocurrency market.

8. Coining the concept of programmable money

Bitcoins was the first to come up with the concept of programmable money. It was only after this concept that intelligent contracts emerged.

9. Gives you leeway from the monopoly of money

Bitcoin disrupts the monopoly by introducing new payment methods for users. Bitcoin allows you to make payments outside of institutional jurisdiction.


1. Very little regulation

Buying Bitcoins is very easy. Finding a way to use the bitcoin is the real deal though. You will hardly find places to spend bitcoins.

2. Depending on the IoT

To conduct bitcoin transactions, you need an internet connection and a device that supports transaction software.

3. Speed ​​may vary

The transaction speed of the transaction can differ from network to network.

4. Lack of support

Bitcoin is a decentralized currency. Therefore, in times of crisis, you may not find a customer support system.

5. Immutable

The worst thing about Bitcoin transactions is that the payments are irreversible. This means that once the payments have been made, they cannot be reversed.

"Cryptocurrency has always been a mystical element in the trading market."