Topic: The advantages of bitcoin - page 2. (Read 2220 times)

Freedom of payment - any amount of money can be paid and received instantly and anywhere. No bank holidays, no borders, no imposition. Bitcoin allows its users to completely control their money.

Very low fees - there is no handling charge or very little handling fee for the current payment of bitcoin. The user can include the handling fee in the transaction to obtain processing priority and receive the transaction confirmation from the network faster. In addition, there are merchant processors that help merchants deal with transactions, convert bitcoin into legal tender daily and deposit funds directly into merchants' bank accounts. Because these services are based on bitcoins, they can provide a much lower fee than PayPal or credit card networks.

Reduce the risk of merchants - bitcoin transactions are safe, irrevocable, and do not contain customer sensitivity or personal information. This avoids the loss caused by fraud or fraudulent withdrawal, and there is no need to comply with PCI standards. In places where credit CARDS cannot be used or fraud rates are too high, businesses can easily expand new markets. The net result is lower costs, bigger markets, and less administrative costs.

Security and control - bitcoin users are completely in control of their transactions; Businesses cannot force fees that may or may not be found in other payment methods. Paying with bitcoin doesn't have to be tied to personal information in transactions, which provides great protection against identity theft. Bitcoin users can also protect their money by backing up and encrypting it.

Transparency and neutrality - all information about the money supply itself is stored in a block chain, and anyone can check and use it in real time. No individual or organization can control or manipulate the bitcoin protocol because it is password protected. This makes bitcoin's core believed to be completely neutral, transparent and predictable.

What I like about bitcoin excess is the cheap bitcoin transaction process. What do you say. Your credit card transaction also happens instantly? Yes, it is true. But your merchant (and maybe you) for that privilege. Some people charge for debit cards, because they have to pay 'friction money' to meet their demands. Bitcoin transaction costs are minimal, or in some cases free. Bitcoin transactions, however, are generally much faster.

If you have invested your money into the bitcoin and that you have some bitcoins placed in your wallet and that you have some good information and knowledge regarding the things related to the bitcoin and the crypto currencies and above all, you have some good patience level, then you will surely be able to earn as much amount of money as you want to because of bitcoin and that it will surely help you in getting richer.

Hmm..the advantages of BTCitcoin for me are

  Ease of use to sending money in the form of Bitcoin to other people

  Private...I do not have to go thru any banking or paypal system and diveulge information on who is sending and is receiving. So privacy is key.

  Its fast, no longer do I have to wait for the bank to place a wire transfer and wait in line to fill out forms..again privacy issue.

  Low transaction fees...I do not have to pay PAYPAL or a bank an exorbitant amount to send the money.

  Can do it easily thru a mobile wallet in an instant...all I need is a Bitcoin address and the coin can be sent anywhere around the world/

  And last but least,...there is no middle man to get involved to make them richer of off my back

Some advantages of bitcoin are:

You can receive and send bitcoin anytime,anywhere worlwide.
It is secure,no customers personal or sensitive information contain.
It is also transparent and acts as store value.
You can invest,trade and mine while you are staying at home.

first advantages of bitcoin is bitcoin reduce poverty form alot of people it is the biggest advantage of bitcoin. now every one give services on bitcoin and earn good income from bitcoin.

Think higher and higher told truly. Actually, they are strong advantages of bitcoin. What most of all is pleasant to me in bitcoin is a pure anonymity and decentralization. To tell that any person, the essence or even the government will never control your bitcoins. They can't freeze your account or track your personality. It is what is wanted by most of us, freedom of our wealth.

There are many advantages of bitcoin. Bitcoin is not only a usable currency but also a coin business. One can use his holdings anywhere in the world and if he keeps his bitcoin for some time and waits for the price to grow more he can make handsome money. There is no need to change your local money if you buy something in other country.