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Topic: Advantages of paying with Bitcoin - page 13. (Read 5330 times)

hero member
Activity: 798
Merit: 500
September 10, 2017, 11:50:45 AM
#68
I think a lot of money to pay using bitcoin, paying with bitcoin is very practical, we just use a computer with internet network, and we can already transactions around the world, unlike a complicated central bank, that's one advantage to pay with bitcoin.
That is actually the point , bitcoin can give people an accessible way of transaction becasue bitcoin is a fine or crypto-currency which is more accessible in payments , trading and investment. It is a part of the total development bitcoin could give people in terms of transactions. Yet it still depends on us on how we are going to take this opportunity for us to earn more in the future.
sr. member
Activity: 1974
Merit: 450
September 10, 2017, 11:47:41 AM
#67
well, i do not think that paying using bitcoin is an advantage. but many people think it would be profitable. Probably, the advantage is that, the transaction becomes faster, with a small fee fee. but, for now, I do not think the profits work. I prefer to see bitcoin as an investment tool rather than as a means of payment.
hero member
Activity: 882
Merit: 500
September 10, 2017, 11:44:53 AM
#66
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?
Yeah ,It is the truth of the current time that few people are using it in bad but still lots of people are available in this world who are using it for better purpose .
Here today luckily i read a story which is real , a person in UAE was missed but he knows about the bitcoin and only contact in his own country , so he completed his need of money by using bitcoin easily by his family , so we can understand how the bitcoin is connecting the people of the world from one part to another part .
And i think the actual advantage of the bitcoin is due to the fluctuations in the price and that directly giving us the opportunity to make earnings .
And also it is that mode of payment which is publicly available to see for everyone but still the sender and receiver will remain anonymous , so i think it will be a better use for the control in the black money for those countries or places where people are more corrupted .
So better uses of the bitcoin are more than worst use which is usual with any type of fiat also .
full member
Activity: 360
Merit: 100
September 10, 2017, 10:36:29 AM
#65
Although transaction fees are getting higher now, paying in bitcoins are safer and faster. You can send and receive anonymously, unlike in other payments that you need to provide all your details.
sr. member
Activity: 392
Merit: 257
September 10, 2017, 10:14:43 AM
#64
I think paying with bitcoins are safe and fast for online transactions.Even though transactions fees are bit high but it's still not that much only the users who does micro transactions are affected from small transaction as paying $5 are but high.It keeps your identity anonymous which kind of feels safe. Also that many stores and online sites accepts bitcoins.But I do think that the best way to use bitcoins are to hold or invest in them as it would be more profitable.
legendary
Activity: 3094
Merit: 1127
September 10, 2017, 10:03:36 AM
#63
Well before the main advantage of bitcoin was its lesser fees than credit card or paypal. However we could not use that one anymore right now because of the ridiculous  fees. On the other hand its anonymous  feature is still really good for not so legal transactions
This is true,i do like to use bitcoin back in the past when the fee isnt still high compared as of now on which i do actively when i do purchase steam wallet codes which is really a good thing and hassle free compared on buying it on traditional stores but now the thing that do hesitates me already is the fees on which it is more than on the amount that i do usually purchase those goods.
hero member
Activity: 3052
Merit: 651
September 10, 2017, 09:58:39 AM
#62
Good thing you have used it for something while some of us still cannot use it. You have seen one of its advantages while for me I just use it for buying altcoins and just transferring money. Nothing in buying something. Other transactions are just for payment of my loan and prepaid services.
I guess it needs a lot more of that kind of service to be advertised just so it can be used like a currency.
sr. member
Activity: 644
Merit: 259
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September 10, 2017, 09:57:33 AM
#61
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?
The best advantage with paying with bitcoin is that you will not have to worry about your order being flagged as fraudulent which will waste your valuable time especially when you need the things very quickly. I also like the fact that people everywhere can use bitcoins to buy anything that they like online without regards to location.
sr. member
Activity: 868
Merit: 257
September 10, 2017, 09:53:45 AM
#60
Privacy, fast payments, and no refunds (like Paypal). Love paying with bitcoin, just can't wait until it gets easier and more universal.
Well, using bitcoin in paying in some stuff is a great idea because you can pay it easily and instantly. In addition to that, some commercial establishment start to accept bitcoin and using bitcoin in payment is a quite convinient because you can pay all your bills in easy way.
sr. member
Activity: 672
Merit: 273
September 10, 2017, 09:41:10 AM
#59
with the payment using bitcoin we no longer need to convert it into conventional money. so the process becomes faster and safer ....

Unfortunately my government still not legalized bitcoin yet for security reason but IMO bitcoin really helpful for do major transaction
I'm really expect that one day our government will legalized bitcoin so the value will increase more significantly

Here it's illegal too. They try to tax people who use bitcoin as a payment method because they can't get the tax from the merchants who are using bitcoin in payments.
Poor for you guys. In my country Bitcoin is legal and the government even build some "ATM Bitcoin" in the central of city for someone need to convert Bitcoin into conventional money. I don't really sure that Is Bitcoin legal in my country Grin However, a lot of people in my country use Bitcoin.
hero member
Activity: 2702
Merit: 672
I don't request loans~
September 10, 2017, 09:13:09 AM
#58
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?
In my opinion, both sides will benefit on the advantages. If people will use it as a mode of payment, for sure, the dwmand will increase as well as its market value. And for the users, it has less charges in doing transactions and you may use it as you like since it is decentralized unlike in regular currency. Transactions, I think, is easier and faster.
sr. member
Activity: 476
Merit: 314
September 10, 2017, 09:06:18 AM
#57
In the first place, the anonymity, i dont like the intrusive questions about my person if im buying a simple pen drive with credit card, and in the second place, there is the speed and the lower fees, and other advantage its i will not have a person wich can cancel my account and cashback the transaction (like in paypal).
full member
Activity: 156
Merit: 100
September 10, 2017, 08:50:38 AM
#56
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?
using the means of payment must be customized with the requirement what if you need a transaction where the owner does not want to know the owner then bitcoin is the right choice. but in terms of purchase of illegal goods is not a good thing because it takes a long time and requires confirmation from both.in my side prefer to use bitcoin for investment because the odds are bigger.
full member
Activity: 204
Merit: 100
September 10, 2017, 08:43:21 AM
#55
Bitcoin payment is quick and convenient. Not so when paying with bitcoin we do not charge. So more and more people use bitcoin.
full member
Activity: 126
Merit: 100
September 10, 2017, 08:34:34 AM
#54
Fast. Secure through Blockchain Technology. Decentralized as no one owns it, its for everyone. Anonymous and unique wallet address. I just noticed that its price is volatile so it may affect some merchants if the price is too low.
member
Activity: 76
Merit: 10
September 10, 2017, 07:52:48 AM
#53
Since there is no way for third parties to identify, track or intercept transactions that are denominated in Bitcoins, one of the major advantages of Bitcoin is that sales taxes are not added onto any purchases. Standard wire transfers and foreign purchases typically involve fees and exchange costs
full member
Activity: 364
Merit: 100
September 10, 2017, 07:52:22 AM
#52
For me or is just easier. I like not having to go through a long process with my credit card and bank and I don't like PayPal. So Bitcoin is perfect for me. Also it's the latest technology and it's totally cool and I don't want to be left behind.
Yes. I'm agree with you because bitcoin will able us to transact in an easy way. We don't need to use any credit card to withdraw the money or even in buying. So thanks to bitcoin for making transactions very easy. That is the main advantage of bitcoin.
full member
Activity: 322
Merit: 100
September 10, 2017, 07:51:31 AM
#51
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?
if you ask what is the benefit of paying with Bitcoin? I think if we pay using bitcoin we can get the advantage in terms of price, practical and we can transact very easily. But I think the most visible is the transparency (blockchain) which became a distinct advantage and characteristic.
legendary
Activity: 1526
Merit: 1001
September 10, 2017, 07:12:31 AM
#50
Speed is indeed a big advantage of paying with bitcoin, but the disadvantage I find, when paying with bitcoins, is the fact that you are really dependent on the rate at that time. If the price of bitcoins is going up, than you have paid too much in fact.
Speed ​​and ease are the most interesting parts of bitcoin. But now we have to spend a large enough fee to do bitcoin delivery. If the transactions are done big then this will not be a problem, but if we just send bitcoins in small quantities then this is a disadvantage. Bitcoin prices do follow the rates that are very easy to move, but price movement is not always detrimental. Increased bitcoin price is an advantage.
full member
Activity: 322
Merit: 179
September 10, 2017, 07:07:36 AM
#49
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?

Nice hearing that Namecheap accept bitcoin now. I agree with the advantage of privacy when making payment. However since namecheap requires customer information, it defeat the purpose of this benefit.

Do you mind sharing what is the transaction fees you paid for this transaction?
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