What Is Cryptocurrency?

Cryptocurrency is a digital or virtual currency that uses strong cryptography to secure transactions, control the creation of additional units, and verify the transfer of assets.

The first cryptocurrency was bitcoin, which was released in 2009. Today there are over 1,000 different cryptocurrencies with many unique features.

Helium is decentralised which means that no single government or institution controls it. This means it’s not subject to any country’s regulations and policies like banks are. Cryptocurrencies can be traded on cryptocurrency exchanges like binance or coinbase.

How Secure Is Cryptocurrency?

Cryptocurrency has gained widespread popularity over the last few years, it can be used to buy goods and services in a marketplace without any restrictions.

Cryptocurrency is in its infancy and in all likelihood will change the world. This is because it gives people control over their money in a way that has never been possible before.

Thanks to cryptocurrencies, you don’t need to have a bank account or credit card. Every person is able to create their own wallet within seconds. However, this new-found freedom has both advantages and disadvantages.

The technology itself is very secure. However, the weak point is always found at the weakest link in the chain.

What are the biggest risks of losing your cryptocurrency?
– Lost Wallet Key
– Hacked account due to weak password
– Sending to wrong wallet address
– Loss of access to an online wallet
– Viruses or Trojans on the computer or smartphone

Most of these issues can be eliminated with good planning:
– Backup the Wallet Key.
– Offline Wallet Creation.
– Send a small test amount first.
– Use Hardware Wallet
– Disconnect the computer on which the wallet is located from the Internet.
– When sending crypto, always double check recipient address and sending network.

What can be said is that it Crypto Money is 100% transparent and traceable. This is possible thanks to the so-called blockchain technology, which documents all transactions in a forgery-proof way. The blockchain is therefore a huge public database to which everyone has access. It is therefore impossible for funds to disappear out of thin air.

What are the advantages for an online shop to use heliumpay?

The biggest advantage of Heliumpay is that every transaction is final. Once the money has been sent, no cancellation can be made. This was previously very often exploited by scammers to get free products.

Another advantage is the low and very fast transaction fees. A bank withdrawal often took several days. Alternative payment service providers are not faster either.

With Heliumpay, you get the payment transferred to your Helium account within 60 minutes.

Paying for products and services has never been easier, faster and safer thanks to Heliumpay!