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 being able to send money anywhere bitcoin is able to save a lot of people for you will be able not to have long bank queues and the limitations that come with the banking systems are able to be done away with. 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.
When you have bitcoins, you are able to be in control of all your transactions this makes it very safe for your bitcoins for no one else can be able to know the amount of money that you have hence you will be protected from potential fraud and theft. 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. When making transaction over the internet using bitcoins, it is very important to know that this can be able to be done without your personal information being tied to your transactions. Identity theft is very common in the internet especially when doing online transaction, by being able to use bitcoins and not sharing your personal information, you can be able to protect your identity and hence be saved from unfortunate occurrences.
Block chains are able to show the only the over view owners of the transfer of money, but the personal information of the owners is not shown, by this you will be able to protect all your information and nothing will be seen. By the fact that block chain exists one can be able to protect his bitcoins and ensure that you can track your bitcoins or know where the bitcoins that you have hence transparency. By using bitcoin you are able to save yourself from making huge payments for you will not be using extra money for payment of services in different institutions as compared to other methods.