To me the greatest advantage is that it is anonymous and can work across the world. Anonymity is not necessarily for illegal activity, it also helps with privacy concerns. Why should we be giving out our personal particulars to every single web merchant online? It is dangerous, data can be hacked and we do not know what our personal data will be used for.
Secondly, credit cards may not work across all online merchant, and some do not have payment facilities. This is where bitcoin is useful again, as there is little infrastructure setup cost to pay through bitcoin.
So there's certainly a utility for bitcoin in online payments.
Topic: Advantages of paying with Bitcoin - page 16. (Read 5330 times)
I think that the only advantage of paying with bitcoin is just, it is easy to use and pay the things that we buy using bitcoin but overall, it is not a good idea and a wise choice because if you will usey our bitcoin to pay things then you are removing the chance to earn more money by holding that bitcoin.
but I really just wanted to get your opinion...
What are some advantages of paying with Bitcoin?
What are some advantages of paying with Bitcoin?
I think being undocumented on government offices is such a disadvantage using banks and any remittance or payment centers.. But in using bitcoin those things won't be an issue for me,, living a life away from hassle would be a priority.. Pen,, forms and ID's are some of the reason transactions in real world it is harder and time consuming.. In bitcoin cellphone or laptop with an internet at home is what technology advancements is all about..
Privacy, fast payments, and no refunds (like Paypal). Love paying with bitcoin, just can't wait until it gets easier and more universal.
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.
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
Currently, I feel Bitcoins are good for investments and never used it buy any illegal things online.
Because of slow transactions if a site wants at least one confirmation to confirm your order then you may need to wait for few hours after payment. That is a bad thing about Bitcoin transactions. I'm into Bitcoins only for the investment purpose as of now. If you want to hide your identity then Bitcoins are the best option for payment.
Because of slow transactions if a site wants at least one confirmation to confirm your order then you may need to wait for few hours after payment. That is a bad thing about Bitcoin transactions. I'm into Bitcoins only for the investment purpose as of now. If you want to hide your identity then Bitcoins are the best option for payment.
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?
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