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Topic: Why it is better to buy things with Bitcoins rather than another currency? (Read 2553 times)

full member
Activity: 238
Merit: 100
I Found only two Reasons Why people use Bitcoin For Buying Things online Instead of any other Currency:-
1) Bitcoin Transactions are very fast as Compare to Other Currency and Transactions Complete within Few minutes...
2) Bitcoin is Not Owned by Any bank or Organization thus transactions are hassle free....
hero member
Activity: 1022
Merit: 500
It's very simple why bitcoins is better to use than the other altcoins. One of my example is you don't need to apply in the bank for you to have an open account. It is because for me my bank is those legit exchange platform in cryptocurrencies,and it has low charge transactions. Smiley
hero member
Activity: 826
Merit: 500
Join @Bountycloud for the best bounties!
First one is: because you're anonyous!

Nobody can reproach you from buying something with btc because nobody can know it's you Smiley
legendary
Activity: 1554
Merit: 1054
I do not see what differentiates other currencies with Bitcoin me, even that one can lose money due to price changes.
Since most businesses that accept Bitcoin give a higher price, saying that most people do not see the exchange rate before buying.
I know that the advantage of Bitcoin is that everyone can use it, it has quite fast transactions, and often very low cost.
So, I want to know why Bitcoin is better than other currencies?
There are a bunch of advantages with buying stuff with bitcoins.

First, our identity. With bitcoins, we don't actually have to reveal our identity to the sellers, only when we need our goods to be shipped somewhere but that can be worked out.

Second is that you can buy without limits. Unlike buying with cash using atm cards, we're often limited to a certain amount and carrying cash is really troublesome and risky.
legendary
Activity: 1073
Merit: 1000
If you already receive in BTC then better spend BTC directly.

If you pay taxes for international transactions then BTC might be cheaper, at least in some circumstances
hero member
Activity: 994
Merit: 502
I do not see what differentiates other currencies with Bitcoin me, even that one can lose money due to price changes.
Since most businesses that accept Bitcoin give a higher price, saying that most people do not see the exchange rate before buying.
I know that the advantage of Bitcoin is that everyone can use it, it has quite fast transactions, and often very low cost.
So, I want to know why Bitcoin is better than other currencies?

The advantage of buying with bitcoins compared to other cryptocurrency is very clear. Bitcoin users are more in numbers than those who are using other cryptocurrency. It means that there are more who accept bitcoins as payment compared to other virtual currencies. Second bitcoin has keep increasing all over the years and it will still go up, its increase in price compared to other currency is very high and so it is why many people loved bitcoins over the other.
Bitcoin usage has risen pretty much steadily over years. more physical stores and merchants are accepting bitcoin as a form of payment than any other digital currencies, eventhough i think the real usage is catching up to the hype.
sr. member
Activity: 336
Merit: 250
I do not see what differentiates other currencies with Bitcoin me, even that one can lose money due to price changes.
Since most businesses that accept Bitcoin give a higher price, saying that most people do not see the exchange rate before buying.
I know that the advantage of Bitcoin is that everyone can use it, it has quite fast transactions, and often very low cost.
So, I want to know why Bitcoin is better than other currencies?

The advantage of buying with bitcoins compared to other cryptocurrency is very clear. Bitcoin users are more in numbers than those who are using other cryptocurrency. It means that there are more who accept bitcoins as payment compared to other virtual currencies. Second bitcoin has keep increasing all over the years and it will still go up, its increase in price compared to other currency is very high and so it is why many people loved bitcoins over the other.
hero member
Activity: 1274
Merit: 516
Bitcoin is more famous, so more people accept bitcoin, alt coin is also not a bad transaction coin but sometimes the price can change suddenly, so in my opinion bitcoin has more stable price than alt coin
And there are so many alt coin that exist it makes people inconvenience to use many wallet to hold different coin
TGD
hero member
Activity: 1288
Merit: 620
Wen Rolex?
I do not see what differentiates other currencies with Bitcoin me, even that one can lose money due to price changes.
Since most businesses that accept Bitcoin give a higher price, saying that most people do not see the exchange rate before buying.
I know that the advantage of Bitcoin is that everyone can use it, it has quite fast transactions, and often very low cost.
So, I want to know why Bitcoin is better than other currencies?
You'll already say it ,its fast transaction and the fees is low and other online wallet offer no fee for sending or receiving money through bitcoin. It's so easy to receive and sending money where ever you are even your in other country you just need wait only for confirmation done .and no need to use your real identity to use bitcoin.
legendary
Activity: 1904
Merit: 1000
Why bitcoin better rather than another currency is because we dont need verivy our identity. It is anonymouse wo dont know about seller and seller dont know about us.
so because that I always use it for buying or selling online

Agreed!  We dont need to provide our data when  made transactions with bitcoin. Hence its easier to use than the other currency. The only lack from bitcoin is sometimes to get one confirmation can take a very long time. But, most of the time we will get a confirmation under 10 minutes.
legendary
Activity: 1596
Merit: 1000
But when the price is going uptrend, we'd better to hold our coins and sell it for fiat later to pay the bill.
sr. member
Activity: 266
Merit: 251
With BTC you won't get limited if you have a large amount of money, unlike paypal.
sr. member
Activity: 336
Merit: 250
Why bitcoin better rather than another currency is because we dont need verivy our identity. It is anonymouse wo dont know about seller and seller dont know about us.
so because that I always use it for buying or selling online
legendary
Activity: 2912
Merit: 1852
...

I have only bought gold with Bitcoin, and I did not get any special deal (lower price) using BTC with:

providentmetals.com

It's convenient, and I get my PMs faster, but they charge some 1% more (vs. check).  They hold the check a week though until it clears.

Nor have I found anyone at eBay who will take BTC.
hero member
Activity: 1022
Merit: 500
The reason why Bitcoins is better to buy things rather than another currency,  It is because of popularity,
the price is high compare to other currency,  And Bitcoins most accepted whether in commercial business, online business, and
advertising business.
full member
Activity: 238
Merit: 100
actually it is more convenient to use btiocin instead of any other currency. you need not to convert bitcoin to any other local currency where you are going yous it. for example if a person has gone to UAE there he want to do shopping for their family and want to buy so food stuff for himself. if the shope keeper is accepting the bitcoin there there is no need to convert the your money in any other currency you can buy thing using bitocin directly.
hero member
Activity: 574
Merit: 500
BTC has a hard limit of 21mn. Scarcity is a key variable for a strong store of value attribute to kick in for any asset. That simple design principle is a key reason for BTC to flourish.
Dont get over-excited buddy.
It will take many many years,to get 21 million mined out of the pool,i dont know when,
but i would not expect it before 2030.
hero member
Activity: 938
Merit: 501
BTC has a hard limit of 21mn. Scarcity is a key variable for a strong store of value attribute to kick in for any asset. That simple design principle is a key reason for BTC to flourish.
hero member
Activity: 574
Merit: 500
This is one of the reason why Bitcoin is better to buy things rather than other currency.  As promotional price as to introduce bitcoin, several online shop give discounts to those who pay them with Bitcoin.  Another thing is that using Bitcoin doesn't require you to send all your personal info including visa card or credit card.
Actually you when you are using Bitcoin to buy something online, something physical at least. You usually have to share your personal information as well.
Your credit card number will be safe in this case but your address or name will be already in database of shop or service you are using with annotation - bitcoin user.

this is somekind of problem indeed,when you buy anything at clearnet with bitcoin,they
can link you later with your btc address or something else right? so you lose some of  yours anonymousness.
legendary
Activity: 1596
Merit: 1005
★Nitrogensports.eu★
This is one of the reason why Bitcoin is better to buy things rather than other currency.  As promotional price as to introduce bitcoin, several online shop give discounts to those who pay them with Bitcoin.  Another thing is that using Bitcoin doesn't require you to send all your personal info including visa card or credit card.
Actually you when you are using Bitcoin to buy something online, something physical at least. You usually have to share your personal information as well.
Your credit card number will be safe in this case; but your address or name will be already in database of a shop, or service you are using, with annotation - bitcoin user.
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