Advantages of paying with Bitcoin | Bitcointalksearch.org

zais

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Quote from: smartbitcoininvestor on September 09, 2017, 09:10:10 PM

So today I purchased web hosting from Namecheap using Bitcoin and it was incredibly cheap, simple and best of all, anonymous. When it comes to website ownership, depending on the kinds of sites you are building, this can be an important thing.

One of the reasons why Bitcoin took off initially was because of its privacy and anonymity benefits. Back then there were so few places where you could actually spend Bitcoin, so people ended up purchasing illegal things to test out the platform.

Now, we can see and trust definite advantages that Bitcoin as a technology brings - secure store of value, anonymity, global/universal currency, transparency (blockchain), software apps can be built on top, etc

but I really just wanted to get your opinion...

What are some advantages of paying with Bitcoin?

Bitcoin offers many advantages over traditional banks. This bitcoin enables international payment delivery regardless of currency conversion, within about 10 minutes, and the transaction can not be canceled once done. This side can be seen as positive or negative.

BlackRacerX

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First of all, convenience is the big key factor as to why bitcoins will be a viable substitute to fiat money. However it comes with a problem. Bitcoin price today is very volatile. It doesn't really make a full proper replacement to money but a good substitute. Decentralization is also its key factor since you can transact without the hassle or taxes of middlemen.

Vik87

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Advantages are very limited as of now, rather their are quite a few disadvantages, atleast I feel so while using it.
Advantages are like its really helpful for cross border or international transaction, the fees or charges are relatively lower, anonymous transaction also is a good advantage. And ofcourse you can use it anytime without without delay except the confirmation time, which is gradually improving.
And also if we consider it as an asset or investment, it provided a huge profit and potentially it has more to give.

gabmen

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Quote from: CARrency on November 27, 2017, 07:08:46 AM

Quote from: Happichfun on November 22, 2017, 02:54:19 AM

good points fast , global , low fee , no id needed

bad point not refunded , problem with send lower than amount

I think the "bad point" there is that you send the money lower than the fee, the simple solution is just to send bitcoin bigger than the fee but there are still the problem there, high fee.

I think these is a problem a for years now so I think the fee will never change at all.

With the points you've mentioned, it just shows that the positive impact of doing transactions with btc outweighs the negative ones. Everything, whether btc or fiat, have their own bad points. And its not hard to see why btc is a lot better for the future of monetary transactions

CARrency

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Quote from: Happichfun on November 22, 2017, 02:54:19 AM

good points fast , global , low fee , no id needed

bad point not refunded , problem with send lower than amount

I think the "bad point" there is that you send the money lower than the fee, the simple solution is just to send bitcoin bigger than the fee but there are still the problem there, high fee.

I think these is a problem a for years now so I think the fee will never change at all.

Amilhussin24

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There are a lot of advantages in paying with Bitcoin, that's why most people love's bitcoin. Here's some advantages. On paying with bitcoin. Purchases are not taxed, it has a very low transaction fees, and can pay in mobile payments. Like with other online payment system, Bitcoin users can pay for their coins anytime anywhere they have internet access. purchases will never have to travel to a bank or in a store to buy any product.

DoublerHunter

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Quote from: TomUyamot on November 25, 2017, 09:12:38 PM

Quote from: smartbitcoininvestor on September 09, 2017, 09:10:10 PM

So today I purchased web hosting from Namecheap using Bitcoin and it was incredibly cheap, simple and best of all, anonymous. When it comes to website ownership, depending on the kinds of sites you are building, this can be an important thing.

One of the reasons why Bitcoin took off initially was because of its privacy and anonymity benefits. Back then there were so few places where you could actually spend Bitcoin, so people ended up purchasing illegal things to test out the platform.

Now, we can see and trust definite advantages that Bitcoin as a technology brings - secure store of value, anonymity, global/universal currency, transparency (blockchain), software apps can be built on top, etc

but I really just wanted to get your opinion...

What are some advantages of paying with Bitcoin?

So far, I like paying with Bitcoins because there is no tax involved. Unlike when I pay with fiat or with credit cards, not only is there a huge tax integrated in the purchase but also the transaction has to pass through the banks and some other agencies of the government. They know practically everything. And when I pay with credit cards, I still have to pay it again when the bill comes, double effort. With Bitcoin, no tax and then anonymous and then one time transaction.

Correct me if i'm wrong but i know that when you are about to buy a goods or items in the market then the products already have tax involved because it is automatic for the sellers or items so they can just automatically computer and add all the things up and don't compute for the tax anymore.

TomUyamot

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Quote from: smartbitcoininvestor on September 09, 2017, 09:10:10 PM

So today I purchased web hosting from Namecheap using Bitcoin and it was incredibly cheap, simple and best of all, anonymous. When it comes to website ownership, depending on the kinds of sites you are building, this can be an important thing.

One of the reasons why Bitcoin took off initially was because of its privacy and anonymity benefits. Back then there were so few places where you could actually spend Bitcoin, so people ended up purchasing illegal things to test out the platform.

Now, we can see and trust definite advantages that Bitcoin as a technology brings - secure store of value, anonymity, global/universal currency, transparency (blockchain), software apps can be built on top, etc

but I really just wanted to get your opinion...

What are some advantages of paying with Bitcoin?

So far, I like paying with Bitcoins because there is no tax involved. Unlike when I pay with fiat or with credit cards, not only is there a huge tax integrated in the purchase but also the transaction has to pass through the banks and some other agencies of the government. They know practically everything. And when I pay with credit cards, I still have to pay it again when the bill comes, double effort. With Bitcoin, no tax and then anonymous and then one time transaction.

rurubot

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Quote from: h0lybyte on October 09, 2017, 12:12:19 AM

In bitcoin network, We do not need to fill a lot of details in order to initiate transfer. A single string of encrypted identification, nothing else.
There is very low fee within bitcoin payments. Users have option to adjust transaction fee for fast transfers.
Almost impossible to track and identify the personal details of owner. No sales tax on any purchase made through bitcoin.

I strongly agree with you sir. Paying with bitcoin is very convenient in a lot of ways. And in addition, based on what I have heard and researched, purchasing any items with bitcoin is still tax free. Then we can fully enjoy our bitcoins and use it to the fullest.

Bonakid

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The advantages of paying with bitcoin is easy and comfortable to use.It is comfortable in our payment method ,fast and easy and aside from that accessible to use.Thats why many people use bitcoin due to its features and benefits.

Happichfun

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good points fast , global , low fee , no id needed

bad point not refunded , problem with send lower than amount

Mystika

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The advantage of paying bitcoin is it easy to use. With just one click you can pay or sent transaction using bitcoin. Sending money to someone isjust one click away.

webdevmastery

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Quote from: sheamus10 on October 12, 2017, 06:27:31 PM

In bitcoin we can not lie because all transactions must be transparent, very simple and easy money transfer in form of coins. very unique technology, no money use same technology as bitcoin. I think this is what makes payments for bitcoins rare.

It will always be accessible anywhere as long as there is internet, A very fast transactions for every purchase online and the products will be cheaper because the value of bitcoins is very high.

Fatemablabla

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I'm Matured Now

The most useful part is you can pay with it anywhere anytime if gov allows it.all you need is just your online wallet.then you dnt even need to carry cash.

CarnagexD

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Quote from: okissabam on September 09, 2017, 11:16:34 PM

For me the advantage of bitcoin is that it is anonymous and when I have to pay my bills, I really don't have to go outside to pay those bills; as long as there is the internet then I'm not behind every paying bill I need to do every month, and its fast and easy too. It is very convenient and it saves me a lot of time.

Paying with bitcoins has advantages especially when it is made via online. You can send payments to anywhere or anyone you need to pay. You just need your internet connection and the amount will be converted automatic to wherever country you'll send it. It is the most convenient way of paying bills.

krun4

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Most of the people will need quote some time to start using bitcoin for daily transaction, since its price is so fluctuating that with the same amount you can buy for example one apple and tomorrow to be able to buy apple and one more slice, which is something astonishing

Noilee

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The advantages of paying with bitcoin is fastest in all payments transactions. Anywhere you are as long as there is an internet, then you can pay and sending it quickly. There's a lot of advantages of paying bitcoin, especially paying online, like your safety and don't need to worry about your security and how you will go to the payment center. The other one is very low in transactions fees and no transactions charges. We can pay direct to the internet with our payments without difficulty.

ObscurePen

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Advantages of paying with Bitcoin
- Bitcoin’s decentralised platform allows you to pay directly to the shopkeeper or merchant. The Bitcoin does not go through a third party like a bank or a clearing house. Rather it runs peer to peer. Directly from one address to the other.
- Bitcoin’s fluctuating price. This can be an advantage at times and at other times it can be a disadvantage. If you pay when Bitcoins price is fairly high, you will of course spend less Bitcoin on that particular commodity. That is a “win win” for you. However, if you happen to pay when Bitcoin’s price is 4000USD and the next day the price rises to 5000USD, you have just lost some money. So this point can be advantageous or disadvantageous to you according the the circumstances at that time.
- Bitcoin is not restricted to one currency. It can be changed to any type of fiat whether it be dollars, yen or euros. So if something is to be paid in euros, you can still use Bitcoin to pay for it. Well if the vendors accepts Bitcoin.
- Finally, Bitcoin lets you pay the correct amount of money to the very cent. If a product is worth 4.99 you can pay 4.99 in Bitcoin, not round it up to 5 dollars. I know this is a small advantage, but it is one nevertheless.

mozillaspez

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Quote from: xander ford on October 07, 2017, 01:24:09 PM

Quote from: smartbitcoininvestor on September 09, 2017, 09:10:10 PM

So today I purchased web hosting from Namecheap using Bitcoin and it was incredibly cheap, simple and best of all, anonymous. When it comes to website ownership, depending on the kinds of sites you are building, this can be an important thing.

One of the reasons why Bitcoin took off initially was because of its privacy and anonymity benefits. Back then there were so few places where you could actually spend Bitcoin, so people ended up purchasing illegal things to test out the platform.

Now, we can see and trust definite advantages that Bitcoin as a technology brings - secure store of value, anonymity, global/universal currency, transparency (blockchain), software apps can be built on top, etc

but I really just wanted to get your opinion...

What are some advantages of paying with Bitcoin?

For me the advantages of paying with bitcoin is less hassle, easy payment, fast transaction and anytime anywhere you can pay.

Paying in bitcoin is much beneficial for those who own bitcoin and they hold because just to use it. For the people who use bitcoin as a business, bitcoin is just an investment and they want to earn from it. Bitcoin is used as a payment in many countries and this is a beneficial feature of btc.

speem28

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Since I still don't have any credit card to use for my online purchases, and I'm only using remittance centers to send my payments online, I can say that bitcoin is much easier to use. Using bitcoin has made my online transactors a lot faster, no hassle and I still get rebates for some of my bitcoin transactions. It is much more convenient because you can pay using your mobile phones instead of going to remittance stores.

Topic: Advantages of paying with Bitcoin (Read 5309 times)