It’s been over a decade since cryptocurrency has started to fascinate people over social media and especially over the internet. Bitcoin has been able to rank among the top cryptocurrencies right now, nobody knows about the exact origin of the currency nonetheless it popped up in mid 2008 related to a Japanese pseudo name “Satoshi Nakamoto”.
So, what exactly is this Bitcoin Currency and why has it been able to maintain its place in the monetary markets. Well, the following listed reasons might offer you an thought of its standardity and a bit of evidence 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 authorities nor related with some other currency for it to influenced value smart by the economic indicators that govern the worth of traditional currencies.
With its rising standardity among the lots, it now enjoys an increased level of acceptability at all levels, as an illustration, you can now buy stuff with Bitcoin cryptocurrency directly and in addition trade it at 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 comfort of making transactions over the internet or your mobile phone with a couple of clicks.
Your privateness is secure as compared to different modes of payments over the internet the place your vital information could be leaked and misused.
While transferring money through the standard methods you need to pay fees relying on the quantity of your transactions and additional, these transfers are subject to your particular regional and state regulations. While transacting in Bitcoin cryptocurrency doesn’t require you to be bound by any state regulations and furthermore, you do not incur heavy fees on the transactions.
Since you are 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 due to the shared public ledger and anyone can verify a transaction at anytime from anywhere all over the world using the internet.
Another advantage of having a Bitcoin cryptocurrency wallet is that your account can’t be frozen.
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