Cryptocurrency is more reliable than banks for several reasons:
1. Decentralization: Cryptocurrency is not controlled by a centralized authority such as banks, which are subject to government and regulatory control. This means that no third party can change or block transactions, making the cryptocurrency more secure from outside interference.
2. Wide access. Cryptocurrency can be used worldwide without restrictions, unlike banks where the value of your bank account may be blocked in different countries depending on the jurisdiction.
3. Openness and Transparency: Cryptocurrency transactions are publicly accessible and transparent through the use of blockchain technology. This makes cryptocurrencies more secure against theft and fraud that can occur in banks.
4. High level of security: cryptocurrencies use unique codes to identify users and verify transactions. Thanks to encryption technologies, cryptocurrency can provide a high level of security for users.
In conclusion, cryptocurrency is beneficial for users who do not want to hand over their information to banking services. It can also be used as an alternative investment vehicle that provides a certain level of investment security.
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