Why Should You Use Crypto? Learn about eight benefits of owning cryptocurrency. Here's what you need to know. Cryptocurrency has become extremely popular over the past few years, but many consumers and investors may be wondering what all the commotion is about. Why would anyone choose cryptocurrency when their local currency works just fine for most things? Why would someone invest in a cryptocurrency? In fact, there are a lot of advantages to using and investing in cryptocurrency. Here are the top eight benefits to consider. 8 benefits of cryptocurrency Transaction speed Transaction costs Accessibility Security Privacy Transparency Diversification Inflation protection 1. Transaction speed If you want to send someone money in the United States, there are few ways to move money or assets from one account to another faster than you can with cryptocurrency. Most transactions at U.S. financial institutions settle in three to five days. A wire transfer usually takes at least 24 hours.