Bitcoin has many advantages! Bitcoin contracts can be designed and enforced to eliminate or add third party approvals, reference external facts, or be completed at a future date or time for a fraction of the expense and time required to complete traditional asset transfers. With Bitcoin, it is possible to be able to send and get money anywhere in the world at any given time. There is no other electronic cash system in which your account isn’t owned by someone else. With Bitcoin, you own the private key and the corresponding public key that makes up your cryptocurrency address. No one can take that away from you unless you lose it yourself, or host it with a web-based wallet service that loses it for you.
Topic: Advantage of BITCOIN - page 11. (Read 2908 times)
Bitcoin allows money to be sent anonymously across a peer-to-peer global network, with no intermediaries needed to validate or process transactions. That has made it attractive to those who want to keep their identity secret, including those buying and selling illegal goods and services on the internet.
Yes I agree with you, you also forgot to mention it is the first cryptocurrency, with huge market cap and well known over the world, no need to promote it. Also your purchases are not taxed with low transaction fees, you could always pay with mobile phone whenever or wherever you are of course with internet access. I bet any money banks are in fury, as they have lost some income over transactions and keep losing the market every day, as bitcoin and other cryptocurrency, each day getting used by more people!
Bitcoin has many advantages. First, it is a smarter form of money that doesn’t require cost and time in managing. Second, the time taken to buy or sell bitcoin or exchange it for local currency is just few seconds being a one-world-one-currency unlike money. Third, enhanced security of personal information in making transactions than money since it is blockchain-based. Fourth, low to no-fee for making payments unlike using cards for transactions.
Thats the good thing about bitcoin and because of that many users will be use it more easy and fast and more anonymously but the disadvantage is it will use for illegal thing and scamming to those newly learn about crypto.
There are many benefits accepting Bitcoin as payment if you are a merchant. One is that the processing fees are paid by the sender, and the merchant pays nothing to receive funds. These fees are considerably lower than traditional payment networks.
Bitcoin has a very strong blockchain which has make it difficult to steal bitcoin in individual wallets. Bitcoin is of great advantage as it helps in creating a secret transactions within two parties from a point to a very long distance, it also minimize the risk of holding bulky cash.
If you need to find someone, the police will find no problems as it finds all the hackers and drug traffickers. It's false anonymity.
There are many benefits for buyers when it comes to using Bitcoin. It allows fast confirmation time within 10 minutes, which is handy for international transactions. It allows you to purchase items from abroad without worrying about currency conversation. Storage of coins is not difficult.
Unless users publicize their wallet addresses publicly, no one can trace transactions back to them. No one, other than the wallet owners, will know how many Bitcoins they have. Even if the wallet address was publicized, a new wallet address can be easily generated. This greatly increases privacy when compared to traditional currency systems, where third parties potentially have access to personal financial data.
Sending and receiving Bitcoins requires users to keep the Bitcoin client running and connected to other nodes. Essentially, by using bitcoins users will be contributing to the network, and thus sharing the burden of authorizing transactions. Sharing this work greatly reduces transaction costs, and thus makes transaction costs negligible.
Bitcoins’ ownership address can only be changed by the owner. No one can steal Bitcoins unless they have physical access to a user’s computer, and they send the bitcoins to their account. Unlike convential currency systems, where only a few authentication details are required to gain access to finances, this system requires physical access, which makes it much harder to steal.
Once Bitcoins are sent, the transaction cannot be reversed. Since the ownership address of Bitcoins will be changed to the new owner, once it is changed, it is impossible to revert. Since only the new owner has the associated private key, only he/she can change ownership of the coins. This ensures that there is no risk involved when receiving Bitcoins.
Why should you state on the illegal goods and services? We can buy also good things and pay for good services on the internet. Along with that, the bitcoin is accepted in the transaction, Bitcoin is usable. This coin also helps us to make worldwide transaction easily. This is a high technology that doesn't limit only in the transaction. Bitcoin gives changes on the people live. Bitcoin makes itself to be a worthy investment and trading.
independence. convenience. speed is not different yet, but I will soon and this is different. and I don't know why it so happened that he so rapidly increased, falling and rising.
For me advantage of bitcoin was if you have bitcoin holding you have sure to wait income and if in the long run if bitcoin will be legalized in your country it may easy for you to adjust in crypto world.
Bitcoin allows money to be sent anonymously across a peer-to-peer global network, with no intermediaries needed to validate or process transactions. That has made it attractive to those who want to keep their identity secret, including those buying and selling illegal goods and services on the internet.
the benefits given from bitcoin in my opinion very much you can benefit from the movement up and down the price so you can get a lot of profit, not only that with bitcoin you can make remittances from several countries easily.
The advantage of bitcoin in other coins is in bitcoin every one of us witness how good bitcoin is because of his performance last year, and bitcoin is the most well known coins among the other coins. And in bitcoin you can surely earn profit just by investing at low price, if you invest in low price all you need to do is hold it for a months or years and sell it soon if the price of coins rise. Its worth to risk on bitcoin
Bitcoin allows money to be sent anonymously across a peer-to-peer global network, with no intermediaries needed to validate or process transactions. That has made it attractive to those who want to keep their identity secret, including those buying and selling illegal goods and services on the internet.
the benefits given from bitcoin in my opinion very much you can benefit from the movement up and down the price so you can get a lot of profit, not only that with bitcoin you can make remittances from several countries easily.
The advantage of bitcoin in other coins is in bitcoin every one of us witness how good bitcoin is because of his performance last year, and bitcoin is the most well known coins among the other coins. And in bitcoin you can surely earn profit just by investing at low price, if you invest in low price all you need to do is hold it for a months or years and sell it soon if the price of coins rise. Its worth to risk on bitcoin
Bitcoin allows money to be sent anonymously across a peer-to-peer global network, with no intermediaries needed to validate or process transactions. That has made it attractive to those who want to keep their identity secret, including those buying and selling illegal goods and services on the internet.
the benefits given from bitcoin in my opinion very much you can benefit from the movement up and down the price so you can get a lot of profit, not only that with bitcoin you can make remittances from several countries easily.
Bypassing the banks is the biggest advantage I see
Bitcoin is the best among all cryptocurrencies that are listed in coinmarkets and decentralized exchanges. Bitcoin has a lot of advantages among others because you can trade bitcoin in any exchanges besides Etherdelta and other platforms that is under ethereum. Bitcoin has so many investors, so many forks, so many good partnerships and the main future of crypto industry.
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