As majority of us here, purpose is to make profit for Bitcoin. Although we have local exchanges that act as a 3rd party and we can used it to pay our basic necessities like water, electricity and even internet.
It's important as most of my money is into it right now, as a form of investment.
So in your country, crypto has been used as a convenient and easy means of payment for basic services in life, the value that crypto brings to millions of users will be extremely big!
1. Bitcoin and USDT are the most crypto coins I utilized in my life. I often trading Bitcoin and convert it to USDT. Then I convert USDT to our local currency.
2. I use the coins for trading. I got some profits from trading and I use it as my side income.
3. It is quite important. I can't get side income if I don't trade the coins. I can't imagine if there is no more crypto coins. Nothing easy to trade as crypto coins.
It's good because crypto brings an additional profit-generating channel to your life. Crypto is an open market and easy to participate in for everyone, everyone can participate in investing and get worthy rewards!
1. I regularly use BNB and USDT, formerly BUSD.
2. I receive them as payment for my online work, I research and develop indicators for traders who have ideas and need to create their own indicators.
3. Crypto is more than just a payment method, it introduced me to the world of finance and technology. A lot of things in my life have changed for the better since I got into crypto. I have extra income to buy useful technology items for me and my family ❤️❤️❤️
Nice, thanks to crypto, everyone can work together from many places around the world, with no restrictions on geography or transaction methods available to each person, productivity and efficiency of labor will definitely increased, creating more value for ourr life.
Even in my country, saving in foreign currency even without staking it for reward is better than holding your local currency in your bank account due to how the currency is being devalued over time as a result of inflation and a bad economy.
Investing is the best way we can protect the value of our labor, and crypto with stable coins like USDT or USDC is an easy to access and implement option! It's bad to have to store stable coins pegged to foreign currencies, but we have no other viable solution.
USDT is the crypto I use the most because I normally use it when I am about to convert my money into fiat currency. I also used to keep USDT in my centralized exchange instead of keeping my local currency in my local bank account. But I mostly hold bitcoin for my future use, meaning it is my savings; I am investing in it for future use.
As I understand it, you store BTC as a reserve whose value increases over time almost like a savings account for the future. BTC is a great choice as a reserve asset!