Topic: Advantages of paying with Bitcoin - page 14. (Read 5330 times)
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.
I really think that speed has been always a great feature of BTC, and it remains to be one of my favorite reasons for using BTC. Also security- the fact that I can control my BTC totally, and that I don't need to trust external personnel to keep my money is gives me a good sense of independence.
Also, the chances of my money getting intercepted on the way is far less, due to the decentralized structure of BTC and the verification method that the BTC blockchain uses to verify blocks of transactions.
Thus, I like to pay with BTC whenever possible.
There are many advantages of paying using bitcoin. One of the advantages as what you’ve said is the “speed”. Bitcoin allows fast confirmation time within 10 minutes, which is really handy for international transactions. It allows you to purchase items from abroad without currency conversion. Also, the chances of my money getting intercepted on the way is far less, due to the decentralized structure of BTC and the verification method that the BTC blockchain uses to verify blocks of transactions.
Thus, I like to pay with BTC whenever possible.
I really think that speed has been always a great feature of BTC, and it remains to be one of my favorite reasons for using BTC. Also security- the fact that I can control my BTC totally, and that I don't need to trust external personnel to keep my money is gives me a good sense of independence.
Also, the chances of my money getting intercepted on the way is far less, due to the decentralized structure of BTC and the verification method that the BTC blockchain uses to verify blocks of transactions.
Thus, I like to pay with BTC whenever possible.
Also, the chances of my money getting intercepted on the way is far less, due to the decentralized structure of BTC and the verification method that the BTC blockchain uses to verify blocks of transactions.
Thus, I like to pay with BTC whenever possible.
I think there are several advantages of using Bitcoin as a payment system, among others
Freedom of Payment - Allows you to send and receive money instantly anywhere and anytime. No bank holiday. No country borders. No restrictions apply. Bitcoin gives its users full control over their money.
Very low cost - Bitcoin payments are currently processed at no cost or at a very low cost. Users can enter fees in transactions to obtain priority processing, thus securing faster transaction confirmation by the network. In addition, the seller processor is there to assist sellers in processing transactions, converting bitcoins into conventional fiat currency, and putting money directly into seller's bank account each day. Since all of these services are Bitcoin based, the required cost is much lower than the credit card network or PayPal.
Security and control - Bitcoin users have full control over their transactions; it is not possible for sellers to create unwanted or unnecessary bills as can happen with other payment methods. Payment with Bitcoin can be made without including a personal identifier for the payment process. This provides strong protection from identity thieves. Bitcoin users can also protect their money with backup and encryption.
Freedom of Payment - Allows you to send and receive money instantly anywhere and anytime. No bank holiday. No country borders. No restrictions apply. Bitcoin gives its users full control over their money.
Very low cost - Bitcoin payments are currently processed at no cost or at a very low cost. Users can enter fees in transactions to obtain priority processing, thus securing faster transaction confirmation by the network. In addition, the seller processor is there to assist sellers in processing transactions, converting bitcoins into conventional fiat currency, and putting money directly into seller's bank account each day. Since all of these services are Bitcoin based, the required cost is much lower than the credit card network or PayPal.
Security and control - Bitcoin users have full control over their transactions; it is not possible for sellers to create unwanted or unnecessary bills as can happen with other payment methods. Payment with Bitcoin can be made without including a personal identifier for the payment process. This provides strong protection from identity thieves. Bitcoin users can also protect their money with backup and encryption.
Bitcoin so far so good by those are using it for payments. But I wonder, How its used by something that need to be paid immediatly, while the bitcoin transaction need time to be confirmed. Don't you think it's something they call waste time and that's why they wont accept it as a payment method by customers.
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.
Taxes are pretty sure important for the government it is a way of generating revenue so that it can pay the officials/personnel and fund the projects and operations so if there are no taxes there will be no one that may work in the government office, well it is very critical for the country because it will ensure the expand of a country, and it is a good thing if we want the government to accept bitcoin.
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.
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
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
If the transaction fee is improved or returned as before, I bet that bitcoin will be preferred over any other currency. It even passed paypal recently. However, it is clear that the fee is too high, which makes many people hesitant when deciding to use bitcoin.
with the payment using bitcoin we no longer need to convert it into conventional money. so the process becomes faster and safer ....
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It has advantages like it is easy to use, safe has good security.
Less transaction fees and faster transfers with full control over our money without any limit. No more cash required and can do payments online easily.
Less transaction fees and faster transfers with full control over our money without any limit. No more cash required and can do payments online easily.
beside its easy to use, if we are buying product on online, we don't have to go to ATM machine to transfer our transaction and we can do by scan the barcode or filled the wallet address. and if in out there any local store accepting bitcoin then we only need to carrying our android phone with bitcoin balance inside that phone and when we want to make payment, we only need to scan the barcode, filled the amount and send and then our transaction is finish.
Using bitcoin for payment is not time consuming. It's easy to access and operate and much convenient.
Yes for online payments you can say Bitcoin is a good way to pay, but for your example which you bought a hosting service to host your site, it does not take for long for you to be an anonymouse user because having a site needs you to give information if you want to monetized it or even just become an author for writing blogs in your site. Other than that I don't see any advantage of it. If you will count maybe on an actual scenario where I will pay Bitcoin on a store the advantage might be not bring any wallet or cards for payment.
Yes, paying for the goods and services whether online or offline has a benefit of maintaining anonymity during the transaction. However, the biggest advantage I see is the lowest fee for the international customers. My bank puts 3 different charges and fees to pay my funds on an international level so it increases the cost of that product and service irrespective of any price hike from the service provider. Bitcoin transaction takes place almost instantly and the fees are lower as compared to that of regular fiat transactions so it really helps.
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?
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?
Fast to send money and less transaction fee. Easy to send money, just one click away.
There is one BIG advantage of bitcoin. This advantage was given from start by Nakamoto when he designed the bitcoin network. It is the fact that no one can say that he has not received a transaction when you know that you sent it. You can show him the transction in the blockchain and this is sufficient (hard) proof.
So you know precisely that when you send a transction the money will arive, no one can say that you have not paid him, no one can ask for the money back.
And of course, transactions can be traced, but owners of accounts are anonymous.
This is the best thing about bitcoin, compared to other e-payment systems.
So you know precisely that when you send a transction the money will arive, no one can say that you have not paid him, no one can ask for the money back.
And of course, transactions can be traced, but owners of accounts are anonymous.
This is the best thing about bitcoin, compared to other e-payment systems.
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?
I am now using bitcoins to pay our utilities expenses in our house. I know that the bitcoin will use in different transactions in the near future. Many people are now prefer to use bitcoin than fiat currency. 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?
Advantage of paying with bitcoin is that you'll keep your credentials private. I think you cant be trace with blockchain. This good when you purchase illegal account in some site. I try it my self because as a student i need many sites with alot of studies like Chegg.com so i search if somebody sells an account for it. Now i already both chegg account for only 1 Usd with lifetime membership. So i really think that it is one huge advantage of bitcoin as payment.
I think bitcoin is more popular on paying for fast transaction and low fees. it also transaction all over the world.
I use bitcoin for buying mobile loads and paying bills thru our mobile wallet. It's much convinient and easy to use specially if I dont have cash on hand and my bills are almost due. I also get a reward if I pay using my bitcoin and use the app. This is much better rather than going to the shop and pay personally
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