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It is still a very volatile space as most digital money has no intrinsic value, and is still solely based on market forces surrounding it. Bitcoin allows buyers to complete transactions without disclosing their confidential and financial information to the seller. In fact, unlike traditional currencies controlled by central and regulated institutions, cryptocurrency has a high potential for illegal. At present, the supply of bitcoin is around 19 million coins, with only 21 million ever able to be minted. This makes bitcoin more scarce than gold. High risk—and the possibility of high reward · good-bye to traditional banks · the disadvantages · investments. Minimal transaction cost:sending money online through a bank gateway is time-consuming and expensive. On the other hand, cryptocurrencies come with little to no. Used for illegal transactions · no security in case of loss · conversion of cryptocurrencies · adverse effects of mining on. Bottom line on pros & cons of cryptocurrency. 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