Differences between Cryptocurrencies and conventional financial systems.

Cryptocurrency is a digital asset in a decentralized blockchain world and anonymity, undeniability and transparency.

Decentralized assets have no central authority to control them, you have absolute control over your assets, while conventional currencies are under the control of banks.

Transaction Fee.

Cryptocurrencies have higher transaction fees than conventional currencies, while conventional currencies have lower fees.

Safer transactions.

Cryptocurrency transactions are safer than conventional currencies.

Anonymity.

Non-transparent transaction details, Although transactions can be verified publicly and everyone can see the transaction status but cannot trace it back to the user, in contrast to conventional currencies that are known by banking authorities and they can contact you, that is because the return address is listed in full and stores all your sensitive information.

Fast transaction.

Quickly Transect Crypto in seconds and one click, while conventional transactions that take hours to execute and transaction fees in conventional financial systems are higher than cryptocurrencies.

Non-repudiability

The fast transaction nature and anonymity may sound cool, but you should not forget the non-refundable nature of cryptocurrencies or no way to get them back, if you make a mistake with the user address, while conventional currencies are able to handle such problems.