It has been over a decade since cryptocurrency has started to fascinate folks over social media and particularly over the internet. Bitcoin has been able to rank among the many top cryptocurrencies immediately, nobody knows about the exact 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 maintain its place in the financial markets. Well, the following listed reasons could give you an thought of its popularity and a chunk of evidence as to its continued safe future existence.
Bitcoin is the first decentralized digital currency.
Bitcoin is an independent free-floating currency which is neither owned by any authorities nor related with some other currency for it to influenced worth wise by the financial indicators that govern the worth of traditional currencies.
With its rising standardity among the many plenty, it now enjoys an elevated level of acceptability at all levels, for example, you can now buy stuff with Bitcoin cryptocurrency directly and likewise 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 look 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 may be leaked and misused.
While transferring cash by means of the conventional methods you have to pay charges relying on the amount of your transactions and additional, these transfers are subject to your particular regional and state regulations. While transacting in Bitcoin cryptocurrency does not require you to be certain by any state regulations and furthermore, you do not 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 transparent because of the shared public ledger and anybody can verify a transaction at anytime from anyplace all over the world using the internet.
Another advantage of having a Bitcoin cryptocurrency wallet is that your account cannot be frozen.
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