What are the advantages of Bitcoin?
Advantages of Bitcoin:
Payment Freedom: Paying through bitcoins provide the utmost freedom. Bitcoin can be transferred to any person in any part of the world. No intermediaries in between. No bank holidays/strikes. No boundaries or borders. No payment limit.
Less Risk for Merchants: Bitcoin transactions are secure, irreversible, and does not contain any customers’sensitive or personal information.This protects merchants from losses caused by fraud or fraudulent chargebacks.
Faster: Bitcoin transactions are very fast if compared to banking channels. A bitcoin transaction is as fast an e-mail and can be processed with in 10 minutes
Minimal Fees: Paying through Bitcoin has very low and sometimes no transaction fees at all. It all depends on the priority of the person. If a person wishes that his/her transaction get’s processed fast, he has to pay a transaction fees which is still very low as compared to any financial intermediary or digital wallets.
Anonymous and Personal: Bitcoin transactions are completely anonymous and private. Unlike in payments through bank, where the transactions can be tracked and identified, bitcoin transactions cannot be identified
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Bitcoin comes with lower transaction fees. Though such fees are variable, it’s rare for a Bitcoin transaction to cost more than 1% of its value.
- User Anonymity
- No Third-party Interruptions
- Purchases Are Not Taxed
- Very Low Transaction Fees
- Mobile Payments
Those are the advantages of Bitcoin.
Worldwide accepted at same rates and no risk of depreciation or appreciation.
Lowest transactional fees in this world.Fully Secured and control by encrypted form
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