Bitcoin is one of the most popular form of crypto currency, this form of crypto currency comes with a lot of advantages and its use is enjoyed by people around the globe and the new inventions makes it even more better.
One of bitcoins main advantage is that you can be able to send and even receiving money from anyone, to add on the person that you are sending to money doesn’t have to be in your country for there is no restrictions to the countries while sharing bitcoins. By using bitcoins to send money overseas you are able to avoid long banking processes that may elongate the sending process of the money, hence saving a lot of time. By the fact that there is no central authority figure that governs the bitcoins, it means that you are in control of your money and you can use bitcoin to do anything that you want with your money without fears of prosecution.
Being in control of your money is very advantageous, when you own bitcoins this is what you get for you are the one that controls the transactions and there are no third parties hence you are protected from potential thefts. Bitcoin traders usually charge a standard price for every bitcoin you purchase, this is because of the transparency that exists and makes it hard to overcharge bitcoins when buying. The transactions done using the bitcoins is very secretive, this is because you can make countless purchases and pay all of them but no one will be able to know that and tie it to you. Cases of identity theft are usually occurring over the internet especially during online transaction, this is because there are numerous fraudsters, but by using bitcoins and staying anonymous you are able to protect your identity and hence not be a victim of the identity theft.
By the fact that block chain exists, all transactions that have been done with bitcoins are able to be seen, but personal information cannot be seen this makes it easier to protect your information for no one will be able to know the owners. There is transparency in bitcoin since you can be able to track your transactions using block chain technology. Currently there are very low fees and sometimes even no fees when making transactions using bitcoins, this is very important for you are able to save loads of money than using other methods.