Advantages Of Using Bitcoins
Different methods of payment for good and services that you buy do exist and you can use any according to where you are. Currency is good in that it enables transactions to be carried out without much hassle, imagine if we were to do business without currency. Individuals are coming up with easier ways to do trading activities using their own made currency because the use of the common currency poses a lot of dimerits. Bitcoins is one of the alternatives to using normal currency and this is carried out through the computer with online connection.
For the bitcoins currency, there is no regulatory body that controls how things are done as for the normal government legal tender. Bitcoins are used by individuals to pay for goods and services via the internet. Bitcoins if held by for a while, they give a return on investment to you. There are bitcoins that you can hold, not just the usual virtual ones. As time passes, bitcoins are becoming preferred by most merchants.
Some of the benefits of bitcoin currency is that you are free to send it anywhere and anytime. This currency is not affected by the normal working hours in banks and the like. Transparency is another benefit of this kind of currency, you cannot steal from anyone. Government interferes with everything but this is not the case for bitcoins currency.
Another major merit of bitcoins currency is the fact that there are no fees when you are transacting in bitcoin currency. However, there is an option for inclusion of some fees in case you want your transaction to be given priority, the higher the amount the higher the priority it will get. Bitcoins are advantageous in that it is less risky, there is no fraud.
For the bitcoins, there is a public ledger where the customer can confirm what amount you sold a product to him and this minimizes the incidents of fraud and the like, bitcoins is therefore very secure. Due to the fact that there are no personal details required from you when making a purchase or a sale using bitcoins, then there are no possibilities for someone posing to be you and defrauding the buyer or a seller. As opposed to the normal currency that is regulated by the world bank,bitcoins has none of that. You have the ability to code your bitcoins so that nobody else can use them.
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