What are the benefits of Bitcoin?

[Niko]

What are the benefits of Bitcoin?

Other than earning passive income from investing / trading, here are some of its benefits:

Freedom in Payment

With Bitcoin it is very possible to be able to send and get money anywhere in the world at any given time.You do not have to worry about crossing borders, rescheduling for bank holidays, or any other limitations one might think will happen when transferring money.You are in control of your money with Bitcoin. There is no central authority figure in the Bitcoin network.

Control and Security

Asking users to be in control of their transactions help keep Bitcoin safe for the network.Merchants can not charge extra fees on anything without being noticed. They must talk to the consumer before adding any charges.Payments in Bitcoin can be made and finalized without one's personal information being tied to the transactions.Due to the fact that personal information is kept hidden from prying eyes, Bitcoin protects against identity theft.Bitcoin can be backed up and encrypted to ensure the safety of your money.

What are the benefits of Bitcoin?

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22 ANSWERS



Fatima Donna Antonio, 10+ Working as Field Sales Manager

Answered Sep 22, 2017 · Author has 108answers and 58.8k answer views

Originally Answered: What are the benefits of bitcoin cryptocurrency?

Other than earning passive income from investing / trading, here are some of its benefits:

Freedom in Payment

With Bitcoin it is very possible to be able to send and get money anywhere in the world at any given time.You do not have to worry about crossing borders, rescheduling for bank holidays, or any other limitations one might think will happen when transferring money.You are in control of your money with Bitcoin. There is no central authority figure in the Bitcoin network.

Control and Security

Asking users to be in control of their transactions help keep Bitcoin safe for the network.Merchants can not charge extra fees on anything without being noticed. They must talk to the consumer before adding any charges.Payments in Bitcoin can be made and finalized without one's personal information being tied to the transactions.Due to the fact that personal information is kept hidden from prying eyes, Bitcoin protects against identity theft.Bitcoin can be backed up and encrypted to ensure the safety of your money.

Information is Transparent

With the block chain, all finalized transactions are available for everyone to see, however personal information is hidden.Your public address is what is visible; However, your personal information is not tied to this.Anyone at anytime can verify transactions in the Bitcoin block chain.Bitcoin protocol can not be manipulated by any person, organization, or government. This is due to Bitcoin being cryptographically secure.

Very Low Fees

Currently there are either no fees, or very low fees within Bitcoin payments.With transactions, users may include fees in order to process the transactions faster. The higher the fee, the more priority it gets within the network and the quicker it gets processed.Digital Currency exchanges help merchant transaction transactions by converting bitcoins into fiat currency. These services generally have lower fees than credit cards and PayPal.

Fewer Risks for Merchants

Due to the fact that Bitcoin transactions can not be reversed, do not carry with them personal information, and are secure, merchants are protected from potential losses that may occur from fraud.With Bitcoin, merchants are able to do business where crime rates and fraud rates may be high. This is because it is very hard to cheat or con anyone in Bitcoin due to the public ledger, otherwise known as the block chain.tirement investing strategy.

[Motocyklista]

In my opinion, the biggest benefit of having a BTC is that you can earn extra money without leaving home, but you have to be very careful.

[Oduvan]

Bitcoin has one big drawback as a means of payment, it's its volatility, so bitcoin is likely to be good as an asset, but not as a means of payment, because if for example to take and carry out settlement in bitcoins that will constantly reflect on the price of the products.  which, accordingly, will also be volatile!

[Cheratu Mesir]

Your explanation is quite interesting. I totally agree that bitcoin is an investment asset that will provide capital gains in coin exchanges and digital investments that are highly favored by crypto users. The ease of this transaction allows effectiveness and efficiency in conducting transactions between users. We can make transactions anywhere and anytime just by using the internet network.

[Bram Manis]

Your explanation is quite interesting. I totally agree that bitcoin is an investment asset that will provide capital gains in coin exchanges and digital investments that are highly favored by crypto users. The ease of this transaction allows effectiveness and efficiency in conducting transactions between users. We can make transactions anywhere and anytime just by using the internet network.

you are absolutely right. Additionally the bitcoin will increasingly showed his true identity which is more and more involved in real life and provides convenience and profits therein. for that great hope for developing more rapidly can bitcoin again in the future.

[gribble]

I fully agree with your explanation that it is quite interesting, it's true that bitcoin is an investment asset that will provide many benefits and is very liked by many crypto users. because of the ease in conducting transactions between users we can make transactions anywhere and anytime we want. only by using an internet network.

[Jun]

your explanation touch to my inner eyes and i  really convinced snd aside that   bitcoin really there are many benefits.with this form of currency  its so easy for transaction anywhere  world wide using our technology. and beside we earn income   and bring us opportunity to dream big

[UNIVERSE]

During this time we only know that bitcoin is an investment that will provide benefits. Though bitcoin has many benefits, one of them is payment. Even if all countries accept bitcoin as a payment system, this will make it easier for someone who often travels abroad. Because they don't have to go to exchange to exchange money when shopping in the destination country.

[wanggober]

yes I agree with you, that the benefits of bitcoin are so real that Bitcoin can be exchanged for money and can be accessed anywhere and anytime as long as you are connected to the internet

[Cold_Zero]

Bitcoin evolves. Let talk about a perfected, evolved Bitcoin.

The benefits of this currency will be that it is an international standard. Whether or not your government is doing well or poorly, it’s value will not be subject to inflation. You won’t have to pay special fees to spend it in one country or another. You cannot ‘bounce a check’, or ‘float a check’ its float is negligible no matter how large an amount is. You don’t need to trust banks to hold it for you, you can hold it yourself. You can transact anonymously. No ID required. You can track all of your spending electronically.

[Nur sarimbit]

bitcoin Very useful, bro. to help at the same time change one's economic life to be better than before. and bitcoin also provides opportunities for the poor to become millionaires

[Dynamite]

Could we say the benefits of bitcoin is connecting the different race, tradition, culture and beliefs of the people into one place called digital world. No matter where we are, no matter who we are, no matter what we belong if we can go with this crypto flow we are belong in digital place where bitcoin reign.

[smile.ps]

It seems to me that the biggest plus is the extra income.  A lot of traders have gone over to the side of cryptocurrency.  because they see the future for him. 

[doc]

What are the benefits of Bitcoin?

Other than earning passive income from investing / trading, here are some of its benefits:

Freedom in Payment

With Bitcoin it is very possible to be able to send and get money anywhere in the world at any given time.You do not have to worry about crossing borders, rescheduling for bank holidays, or any other limitations one might think will happen when transferring money.You are in control of your money with Bitcoin. There is no central authority figure in the Bitcoin network.

Control and Security

Asking users to be in control of their transactions help keep Bitcoin safe for the network.Merchants can not charge extra fees on anything without being noticed. They must talk to the consumer before adding any charges.Payments in Bitcoin can be made and finalized without one's personal information being tied to the transactions.Due to the fact that personal information is kept hidden from prying eyes, Bitcoin protects against identity theft.Bitcoin can be backed up and encrypted to ensure the safety of your money.

What are the benefits of Bitcoin?

Still have a question? Ask your own!

What is your question?

22 ANSWERS



Fatima Donna Antonio, 10+ Working as Field Sales Manager

Answered Sep 22, 2017 · Author has 108answers and 58.8k answer views

Originally Answered: What are the benefits of bitcoin cryptocurrency?

Other than earning passive income from investing / trading, here are some of its benefits:

Freedom in Payment

With Bitcoin it is very possible to be able to send and get money anywhere in the world at any given time.You do not have to worry about crossing borders, rescheduling for bank holidays, or any other limitations one might think will happen when transferring money.You are in control of your money with Bitcoin. There is no central authority figure in the Bitcoin network.

Control and Security

Asking users to be in control of their transactions help keep Bitcoin safe for the network.Merchants can not charge extra fees on anything without being noticed. They must talk to the consumer before adding any charges.Payments in Bitcoin can be made and finalized without one's personal information being tied to the transactions.Due to the fact that personal information is kept hidden from prying eyes, Bitcoin protects against identity theft.Bitcoin can be backed up and encrypted to ensure the safety of your money.

Information is Transparent

With the block chain, all finalized transactions are available for everyone to see, however personal information is hidden.Your public address is what is visible; However, your personal information is not tied to this.Anyone at anytime can verify transactions in the Bitcoin block chain.Bitcoin protocol can not be manipulated by any person, organization, or government. This is due to Bitcoin being cryptographically secure.

Very Low Fees

Currently there are either no fees, or very low fees within Bitcoin payments.With transactions, users may include fees in order to process the transactions faster. The higher the fee, the more priority it gets within the network and the quicker it gets processed.Digital Currency exchanges help merchant transaction transactions by converting bitcoins into fiat currency. These services generally have lower fees than credit cards and PayPal.

Fewer Risks for Merchants

Due to the fact that Bitcoin transactions can not be reversed, do not carry with them personal information, and are secure, merchants are protected from potential losses that may occur from fraud.With Bitcoin, merchants are able to do business where crime rates and fraud rates may be high. This is because it is very hard to cheat or con anyone in Bitcoin due to the public ledger, otherwise known as the block chain.tirement investing strategy.

I think many advatages of bitcoin. It is secure and good for payment system.I have used bitcoun for trading and long term investment since 2017.

[Dian]

In my opinion, the benefits of bitcoin can be an investment that can provide benefits to improve living standards for the better.