The internet has been evolving rapidly in the past few decades and with it brought capacity for so much potential and possibilities one of them are Cryptocurrency which are online currencies used for many things mainly for online Payments but it can also be used in criminal or illegal ways without getting tracked, in this essay we are going to discuss the advantages and disadvantages of Cryptocurrency.
One of the many advantages of cryptocurrency is having secure and fast transactions while maintaining privacy and safety because everything is done online and anonymous blockchain technology also allows for extreme mobility and being protected from inflation due to it being an online currency (Frankinfield, 2023).

On the other hand, Cryptocurrencies tend to have high price volatility for  mining activities which is affordable for majority of people, as well as criminal or illegal activities being done through Crypto due to its anonymous nature of transactions (frankinfield, 2023).