1. Many cryptocurrencies are decentralized
To varying degrees, many cryptocurrencies are not controlled by an entity or government. The cryptocurrency may have a unique agenda in how it operates and seeks to be priced.
2. Cryptocurrencies are secured by cryptography
Cryptocurrencies use a computerized, global ledger that tracks every single issued token or coin, powered by cryptography that ensures no “counterfeits” can ever exist. Fiat currencies can be counterfeited and are tracked by a centralized bank or mint, where ledgers are stored with imperfect public information.
3. Cryptocurrencies are not tied to any geography
Most cryptocurrencies can be used globally as long as there is an internet connection, whereas fiat currencies are typically tied to a specific nation or geography where it is considered legal tender.
4. Cryptocurrencies have their processing fees priced into each transfer
Cryptocurrencies often have a transfer or processing fee priced into each transfer that is based on the network load, while fiat currencies in physical form and digital form alike often require high processing fees, a long period of time and an intermediary to be transferred globally.