What are the advantages of using New Taiwan Dollar for cryptocurrency transactions?

3 answers

• Nov 24, 2021 · 3 years ago
  One of the advantages of using New Taiwan Dollar for cryptocurrency transactions is the stability of the currency. Unlike some other cryptocurrencies, NTD is a fiat currency backed by the government, which means it is less volatile and more reliable for transactions. Additionally, using NTD can provide a sense of familiarity and convenience for users in Taiwan, as they are already accustomed to using NTD in their daily lives. This can help to increase adoption and make cryptocurrency transactions more accessible to a wider audience.
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• Nov 24, 2021 · 3 years ago
  Using New Taiwan Dollar for cryptocurrency transactions can also offer lower transaction fees compared to using other currencies. Some exchanges and platforms may offer discounted or even zero fees for NTD transactions, making it a cost-effective option for users. Lower transaction fees can be especially beneficial for frequent traders or those who conduct large volume transactions.
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• Nov 24, 2021 · 3 years ago
  At BYDFi, we believe that using New Taiwan Dollar for cryptocurrency transactions provides several advantages. Firstly, it allows users to easily convert between NTD and various cryptocurrencies, providing flexibility and convenience. Secondly, using NTD can help to mitigate the risks associated with price fluctuations in other cryptocurrencies. Lastly, by using NTD, users can take advantage of the robust regulatory framework in Taiwan, which provides a level of security and protection for cryptocurrency transactions.
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