First of all, let us consider the main advantages of Bitcoin.
No restrictions on payments
Holders of Bitcoin digital coins can make any transactions from their wallets without any restrictions. It does not matter the amount of payment, purpose or geographic location of the recipient.
Control over personal funds
Working with fiat money (euros, dollars, roubles, etc.) there is always the risk of blocking the account or cancellation of the transaction by the bank. Holders of bank accounts do not have full control over their money: they can transfer it to another person under interest or invest in assets.
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In the case of the Bitcoin crypt currency, this problem does not exist. Users have full control over their own funds. No one can trace or cancel transactions, as well as freeze the account due to suspicion of illegal financial activity.
Low login threshold
Any beginner crypto investor can start working with digital Bitcoin coins. You do not need to confirm your age or income level. All you need to do to make transactions is to start a personal wallet: register on the online platform, download a client for your computer or an application to your smartphone.
After that you get the address of your wallet and can send or receive Bitcoin coins.
High security level
Special wallets are used to store crypt currency. At these sites, special cryptographic security keys are used: open and closed. Only wallets’ owners have access to these keys.
Thanks to this, even the developers of cryptographic wallets can not access the user accounts.
One of the main advantages of Bitcoin is its low commission compared to bank transfers. The level of commission fees does not depend on the geographical location of the payment recipient.
The only indicator that affects the commission percentage is the amount of payment. The higher the amount sent, the higher the percentage. This is necessary in order to avoid the high load on the block.
A bank transfer can take several days. If you send money to a foreign account, the transfer time may take 5-7 days: the bank checks all accounts for the legality of the transaction.
These problems do not exist when sending or receiving Bitcoin digital currency. Most of all transactions are made instantly, regardless of the location of the sender and recipient of funds.
Lack of control by third parties
Bitcoin is a decentralized payment system. There are no controlling bodies within the system: the state, tax services, banks. All transfers of coins are completely anonymous. Thanks to this, no one can forbid users to make any transaction.
There are also no limits on the number of wallets created to store crypt currency.
All owners of Bitcoin digital currency have equal rights and opportunities. Users can transfer or receive funds without restrictions, minimize Bitcoin at home, and buy BTC on popular exchanges. The level of commission and the number of e-money received is equal for all and does not depend on the capital of a cryptographic investor in circulation or in a personal account.