- The transaction fee for bitcoin is extremely low. It is notably lower than the transaction fee for conventional methods like wire transfers or credit/ debit card payments. Bitcoin transfer fees are not at all related to the amount transferred so you are able to send thousand dollars worth of bitcoins by paying just for one transaction.
- Credit or debit cards are linked to your personal information and unlike them, bitcoin wallet is not associated or linked to your personal information. So, neither bitcoin wallets nor transactions are done in digital currency can be linked back to the user.
- You have a complete control over the bitcoins since there are no regulations that can govern the exchange of bitcoins.
Neither third party nor even the government has the right or way to access information regarding how many bitcoins one owns.- Since wallet creates new address after every transaction and cannot be traced back to the person, this makes the government unable to tax your gains and seize your wealth. And thus you get the full freedom to do what you desire.
- Demand and supply determine the bitcoin price and it has a low co-relation with anyone, let that be any political scenario or country’s economy. This shows that bitcoin is a good investment in reducing risks and bringing out the diversity in the portfolio.
- You can also earn bonus upon this trading. You receive extra returns on your invested capital, and here you don’t need to search for lending possibilities either you need to investigate any person as such.
- Online payment systems have made things much easier like if you have internet access and if you are bitcoin user you can pay for your coins very easily. And this means that purchasers need not go to the banks or to a store to buy their desired products. Here, personal information is not at all required to complete transactions.
If we compare transactions through banking channels with that of bitcoin transactions, the latter is very fast. A bitcoin transaction I just like as fast an email is sent that can be processed within ten minutes. Sometimes, it can also be instantly processed if they are zero-confirmation transactions.
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