Topic: Advantages of paying with Bitcoin - page 9. (Read 5344 times)

I think you already just said the advantages of using Bitcoin as payment. Aside from being anonymous, cheap transaction fees and very convenient to use. Transactions that you have using Bitcoin are not taxed. I think that's the reason why transactions fees are low because there's no taxed in it.

One of the advantages in bitcoin I like the most is I can use it paying bills. Which anytime I can access the application in my country and use it to pay bills. Yes it is easier to use, safe and less hassle.

The first time I purchased something with Bitcoin which cost me 0.03btc (around $20—$30 then) was 2016. I feel sorry for my self whenever I go through my purchase history and see how much 0.03 is worth today.

Bitcoin payments are easier than credit or debit cards, and Payments are made through the wallet application, either on your computer or on your phone, by entering the recipient's address, payment amount, and hit send. payment using bitcoin saves time and is easier, simple and also safe.

Another advantage that most people have failed to bring up is the amount of time paying with Bitcoin saves. In any given transaction, all one has to do is scan the QR code and the transaction automatically settles itself. QR technology is secure, private and gets the job done efficiently for 1 to 1 transactions. As digital commerce gets more advanced, I could see this owning many advantages for Bitcoin as a method of payment.

Some advantages of paying with bitcoin is that with the use of bitcoin, people can pay in a faster way and without the need to leave in one place. People can also order some items or products according to their desire whether it is from online stores. And without hesitation and without getting stuck in any trouble, people can get and buy what they want and need.

In my own opinion, the advantages of paying bitcoin is that there are no hassle when it comes to transaction and it was realably fast rather than using some credit card, it is user-friendly that we don't have to go on outside just to pay some services maybe just at home with some internet connection working then its fine.

But I think, nowadays, bitcoin is not just only for paying or through transaction it can also be used as an asset or an investment that has huge potential to grow even you just hold it or you trade it on exchange sites and I think most bitcoin enthusiast are into this one right now.

I used to buy domain name also i think in namecheap. Where did you subscribe  or bought your virtual storage? I know there are many services now that are accepting bitcoin, but need some legit one.

I find it less hassle also when I used to pay with bitcoin, I hope many biller will accept bitcoin soon. It will change the way we do business online.

Most of the users are on favored of the anonymity of the transaction they made when they are using bitcoin. Also i agree that it can be easily to send your money abroad without any taxes to any government agency before it gets to the ones that you are sending, and the saddest part is that it won't be delivered.

The main advantage if bitcoin is to pay fast and without leave one place we can order according it our desire from online store and without hesitation and without getting stuck in any trouble one can get what he want.  Besides the anonymity provided it is also not bad.

In the very Beginning of my crypto world, I used bitcoin for buying Domain and Hosting. But now I can buy VPS, Domain, Hosting, Theme, Plugin, Software. I can pay the bill in some freelancer sites to. Day by day increasing Bitcoin use.

The main thing for the consumer is the security Bitcoin provides.

Bitcoin is way more secure than other modes of method. When using cash, the risk of losing it together with the wallet is rather high. If you use debit or credit cards, if it gets carded or stolen, there are no securities against it, especially with smaller payments.

For the merchants, Bitcoin eliminates the mandatory fees that most point of sales will require the merchant to pay, giving the smaller stores more ways for consumers to pay. Other than that, it is extremely hard to reverse and the reversibility of card payments has always and will always be a problem for them.

I think bitcoin have many advantages in ourselves specially when we are in the mall if bitcoin is allow to be substitute to debit card it makes it easy and less hassle. So with bitcoin, we have a secure programmable form of money that can be used for global transactions, that cannot be forged, that is fully audit-able, that is actually software that can be built into anything and everything.

Its actually just like the same with the other currencies. The difference is that it is transacted through technology and not paper or coins.

Many of online store accept bitcoin so one can shop from there, paying in bitcoin will give huge advantage to payer as well as collector. This will give both a profit and in coming future all the stores which sells online will accept the bitcoin and then people will change their local currency in bitcoins to enjoy complimentary advantages of bitcoin. It is wonder full to pay in bitcoin.

Advantages - privacy, fast transfer and secure. 

For me it's really the transaction with no hassle. Just copy the address and pay it and you can already see that it is showing that there is an upcoming deposit.

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.

Low risk for sellers - Bitcoin transactions are very secure, irrevocable, and do not contain any personal or sensitive information from customers. This protects the seller from losses due to fraud or chargeback cheating, as well as unnecessary PCI adjustments. Sellers can easily expand into new markets where credit cards are not available and fraud rates are very high. The end result of Bitcoin is lower cost, wider market, and fewer administrative expenditures,

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.

Transparent and neutral - All information related to the Bitcoin money supply is available in the chain for anyone who wants to verify or use it in real time. No individual or organization can control or manipulate the Bitcoin protocol because it is very cryptographically safe. This allows the Bitcoin nucleus to be completely neutral, transparent, and predictable.

I think it would be fast and convinient if we could pay with bitcoin. Also by looking at the price of bitcoin right now, we can see that with a small amount of bitcoin, we can actually pay and also buy many stuffs for us and our family.

The advantages of paying with bitcoin is that you cam also gain lomey when ypu do your transactions, like for example at coins.ph.Coins.ph is an onlinr bitcoin wallet that enable you to earn when you make transactions .