In your opinion, do the advantages outweigh the disadvantages when it comes to crypto currency and online financial institutions?

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Nowadays, more and more people around the world start using digital money for investment, and payment, to name a few. By implementing

this

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, both benefits and drawbacks need to be taken into account. Even though they are safe and easy to handle, it is risky to use.

However

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, in my opinion, the benefits outweigh the drawbacks. Cryptocurrencycurrency users can attain numerous benefits.

Firstly

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, the system is very safe and secure as transactions are secured by blockchain systems

along with

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various scattered network computers verified payment. A private key is essential in order to open the

wallet

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, which means no one can get access to the

wallet

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only unless they know the

private’s

Change noun form

private

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key of that

wallet

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Moreover

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, payment can be done cost-effectively and effortlessly. Not only cryptocurrencies can help fund globally with minimal transactional cost, but the process can

also

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be done within a short period with speed. The availability of different

currencies exchange

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currency exchanges

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helps investors to convert digital cash to their desired currency,

for example

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, digital currency can be purchased with the US dollar, Indian rupee and many more.

Thus

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, at online financial institutions, people can invest safely and transfer their possessions smoothly and efficiently. On the downside, a few drawbacks related to online cash can be discovered. First and foremost, it is very risky to use them.

Although

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it is very safe to use a digital

wallet

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, even the owner cannot get access to his

wallet

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if he forgets the key.

Thus

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, investors’ possessions can be lost when they no longer know their passcodes.

Moreover

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, the lack of policies related to transactions serves as the major disadvantage of online money. To explain in-depth, no refund or cancellation policies can be considered for wrongly transferred statements across crypto wallets since each crypto stock exchange and application

have

Correct subject-verb agreement

has

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its own rules and regulations.

Therefore

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, if users handle

such

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currency without caution, their possessions can totally be lost. In general,

although

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the security system of the Internet financial system is impressive, being risky can threaten users.

However

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, I believe that we can gain more advantages when compared to its disadvantages

due to

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its efficiency and cost-effectiveness.

Submitted by pyaekyitharchaw884 on Mon May 22 2023

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task response

Make sure to address the given topic directly and provide a balanced argument. Consider discussing both advantages and disadvantages in more detail, and ensure that your conclusion reflects the analysis presented in the essay.

coherence and cohesion

Pay attention to the organization of your essay. Use cohesive devices such as linking words and phrases to connect ideas between and within paragraphs. Additionally, make sure your introduction clearly introduces the topic and your conclusion provides a summary of the main points.

12
Linking words
meeting the goal of 7 or more
1
Word repetition
meeting the goal of 3 or fewer
3
Grammar mistakes
detected issues

0123456789.0505

Overall Band Score

Coherence and Cohesion: 4.0

Logical structure

Introduction & conclusion present

Supported main points

Accurate linking words

Variety in linking words

Lexical resource: 6.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 6.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 6.0

Complete response

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

4 paragraphs

355 words

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Topic Vocabulary:

Decentralization
Cryptocurrency
Intermediaries
Financial privacy
Fintech innovation
Volatility
Cross-border transactions
Security risks
Anonymity
Money laundering
Tax evasion
Environmental impact
Mining
Regulatory challenges
Tech-savvy
Traditional banking

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In your opinion, do the advantages outweigh the disadvantages when it comes to crypto currency and online financial institutions?

Nowadays many people complain that they have difficulties getting enough sleep. What problems can lack of sleep cause? What can be done about lack of sleep?

Most high-level positions in companies are filled by men even though the workforce in many developed countries is more than 50 per cent female. Companies should be required to allocate a certain percentage of these positions to women. To what extent do you agree?

Some people think most crimes are the result of circumstances like poverty and other social problems. Others believe that they are caused by people who are bad in nature. Discuss both views and give your opinion.

People feel that educational success is dependent on having a good teacher, others say it depends not the attitude of the student. Discuss both side and state your opinion*

Professional sports person are often idolized by the youth. Some people think that they, therefore, have a responsibility to be role models at all times for children. Do you agree or disagree?