It’s been over a decade since cryptocurrency has started to fascinate individuals over social media and particularly over the internet. Bitcoin has been able to rank among the top cryptocurrencies at present, nobody knows about the actual 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 financial markets. Well, the next listed reasons may provide you with an concept of its commonity and a piece 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 every other currency for it to influenced value wise by the financial indicators that govern the worth of traditional currencies.
With its rising fashionableity among the many masses, it now enjoys an increased level of acceptability in any respect levels, for instance, you can now purchase stuff with Bitcoin cryptocurrency directly and likewise trade it at completely 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 could be leaked and misused.
While transferring cash via the traditional methods it’s important to pay charges depending on the volume 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 bound by any state regulations and additionalmore, you don’t incur heavy charges on the transactions.
Since you are the only one who has access to your electronic wallet, your coins are always safe with you and nobody can steal your money. The process and transactions are clear because of the shared public ledger and anybody can confirm a transaction at anytime from anywhere around 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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