It’s been over a decade since cryptocurrency has started to fascinate people over social media and particularly over the internet. Bitcoin has been able to rank among the top cryptocurrencies right this moment, nobody knows in regards to the actual origin of the currency however it popped up in mid 2008 related to a Japanese pseudo name “Satoshi Nakamoto”.
So, what precisely is this Bitcoin Currency and why has it been able to sustain its place in the monetary markets. Well, the next listed reasons might give you an thought of its widespreadity and a piece of proof as to its continued safe future existence.
Bitcoin is the first decentralized digital currency.
Bitcoin is an unbiased free-floating currency which is neither owned by any government nor associated with another currency for it to influenced value wise by the financial indicators that govern the value of traditional currencies.
With its rising popularity among the masses, it now enjoys an increased level of acceptability at all levels, for instance, you can now buy stuff with Bitcoin cryptocurrency directly and also trade it at totally different platforms equivalent to CoinBase, Bitfinex, Bitstamp, Kraken and more.
All you need is a wallet and an internet connection to make a peer to peer Bitcoin transfer.
In most cases the transfers are instantaneous.
The convenience of making transactions over the internet or your mobile phone with a few clicks.
Your privacy is safe as compared to other modes of payments over the internet where your vital information can be leaked and misused.
While transferring money via the conventional methods it’s important to pay charges relying on the amount of your transactions and further, these transfers are subject to your particular regional and state regulations. While transacting in Bitcoin cryptocurrency does not require you to be bound by any state laws and additionalmore, you don’t incur heavy charges on the transactions.
Since you’re the only one who has access to your electronic wallet, your coins are always safe with you and no one can steal your money. The process and transactions are clear because of the shared public ledger and anybody can verify a transaction at anytime from anyplace all over the world utilizing the internet.
One other advantage of getting a Bitcoin cryptocurrency wallet is that your account can’t be frozen.
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