advantages of bitcoin

[virusasog]

Easy to use and understand
Quick and can be transferred anywhere
Very less transaction fees
Very good concept and technology

Hey good answer bro, bitcoin is the independent platform where we can make payment and act as payment. Anonymous around the transactions,  less fees when compared to any other medium like PayPal or Wu. Transfer with low fees around international transactions.

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[carlisle1]

you can send and receive money easily and it only took a few minutes to finish the confirmation , it is more convenient because you don't have to go and remit your money from bank or remittance center and the transaction fee is much cheaper than other .

[ajun96]

you can send and receive money easily and it only took a few minutes to finish the confirmation , it is more convenient because you don't have to go and remit your money from bank or remittance center and the transaction fee is much cheaper than other .

I think for the excess of bitcoin like this, it looks like bitcoin also has many competitors, this time almost all the money delivery method have instant facility, you can use paypal, perfect money, banks, and so forth, they all send money instantly, but some of the differences is a fee of bitcoin cheaper

[Teraboy]

thanks a lot guys for your awesome and most valuable answers. I am really grateful to you all. now i come to know the full list of advantages of bitcoin. now here's the compiled note from all the replies


1) Bitcoin Can Be Transferred From One Country To Any Part of the World Within a Second
2. it have very less transaction charge, almost negligible charge
3.No Organization Or Government Have Control Over Bitcoin
4. bitcoin have advantages in security and accountability.
5. It uses blockchain technology which shares the same advantages.
6. Bitcoin is  fast
7.  it's decentralized.
8. The transactions don't take that much time in normal cases.
9. There's not that much effort too if you're sending Bitcoins.
10.   Bitcoin known as it's anonymity.
11. It's hard to trace the sender and the receiver.

 still more advantages? please post here




 

This is the reasons why I prefer bitcoin than paypal, Paypal is not anonymously used, Paypal has a very high transaction fee too. Thats why I start using bitcoin cause bitcoin has many advantages than paypal. Paypal has advantages too. like many sites, Banks and shops are accepting bitcoin as their payments

Paypal do  have    really some    advantage  compared to  bitcoin  because  its being regulated and legal  thus  we could somehow  assure some  security regarding  on  legit transactions because  you would really able to  know  to whom are you  transacting with  but the  problem  here is   on its fees  which  would really   charge you  high and   somehow frustrating  in using their  service that's  why  bitcoin have  lots   of  advantages  over  it, fees, transfer times, anonymity, accessibility, more security.

You're right if the payapal are having some advantages rather than bitcoin but in comparing the paypal fees and with the bitcoin fees, we will need for remember again if bitcoin are not company and for we know if bitcoin are not having a lot of workers like a paypal and that's why the fees are soo high caused by the operation fees of paypal are so high too.

[Rostadom]

you can send and receive money easily and it only took a few minutes to finish the confirmation , it is more convenient because you don't have to go and remit your money from bank or remittance center and the transaction fee is much cheaper than other .

I think for the excess of bitcoin like this, it looks like bitcoin also has many competitors, this time almost all the money delivery method have instant facility, you can use paypal, perfect money, banks, and so forth, they all send money instantly, but some of the differences is a fee of bitcoin cheaper

Another difference is that it's actually in your advantage when you're using bitcoin. People cannot mysteriously dispute their payment unlike in those payment websites. Those website has rules and regulations to follow. Those rules and regulations are mostly abused by scammers. In bitcoin, no one cares if people scam each other. There's no 'dispute' button and that's it. Your safety would depend on you if you're going to let yourself tricked by a stranger on the Internet.

[tee-rex]

you can send and receive money easily and it only took a few minutes to finish the confirmation , it is more convenient because you don't have to go and remit your money from bank or remittance center and the transaction fee is much cheaper than other .

I think for the excess of bitcoin like this, it looks like bitcoin also has many competitors, this time almost all the money delivery method have instant facility, you can use paypal, perfect money, banks, and so forth, they all send money instantly, but some of the differences is a fee of bitcoin cheaper

Another difference is that it's actually in your advantage when you're using bitcoin. People cannot mysteriously dispute their payment unlike in those payment websites. Those website has rules and regulations to follow. Those rules and regulations are mostly abused by scammers. In bitcoin, no one cares if people scam each other. There's no 'dispute' button and that's it. Your safety would depend on you if you're going to let yourself tricked by a stranger on the Internet.

From your words it follows that the "no 'dispute' button" would mostly favor scammers. Just like they abuse "those rules and regulations", they would equally well "abuse" the lack of any rules or regulations. In other words, abusing has officially become part of the system thanks to no rules and regulations.

If 120,000 bitcoins get stolen, you have to bite on the bullet, right?

[genos]

you can send and receive money easily and it only took a few minutes to finish the confirmation , it is more convenient because you don't have to go and remit your money from bank or remittance center and the transaction fee is much cheaper than other .

Yeah quite sure dude, bitcoin has a very cheaper transactions fees rather than other such as bank even paypal. But sometimes the transaction of bitcoin have a little problem. Sometimes the transaction of bitcoin pending untill more than one hour. It is very annoying for people that can not become patient.

[Ryananda]

There are many advantages that can be obtained bitcoin. To profit from bitcoin is very easy because there are many, many ways like a signature campaign, trade, services. In addition a very low cost and given the freedom to organize is also the advantage of bitcoin. So bitcoin so could give us an advantage, in addition to the low cost and freedom, including the advantages of using bitcoin.

[bitcoinisbest]

Quite a few to name -

1) Easy to operate and understand
2) Quick and can be send across globe
3) Low transaction fee
4) It is pseudonymous and avoids other establishment
5) Being there for now 6-7 years and doing well.

[betohell]

Quite a few to name -

1) Easy to operate and understand
2) Quick and can be send across globe
3) Low transaction fee
4) It is pseudonymous and avoids other establishment
5) Being there for now 6-7 years and doing well.

I think for the beginning user would use bitcoin quite difficult because you have to have a wallet, and other sbeagainya, but if you are familiar with the use bitcoin bitcoin will be very easy and simple

[jonatuzc]

thanks a lot guys for your awesome and most valuable answers. I am really grateful to you all. now i come to know the full list of advantages of bitcoin. now here's the compiled note from all the replies


1) Bitcoin Can Be Transferred From One Country To Any Part of the World Within a Second
2. it have very less transaction charge, almost negligible charge
3.No Organization Or Government Have Control Over Bitcoin
4. bitcoin have advantages in security and accountability.
5. It uses blockchain technology which shares the same advantages.
6. Bitcoin is  fast
7.  it's decentralized.
8. The transactions don't take that much time in normal cases.
9. There's not that much effort too if you're sending Bitcoins.
10.   Bitcoin known as it's anonymity.
11. It's hard to trace the sender and the receiver.

 still more advantages? please post here




 

This is the reasons why I prefer bitcoin than paypal, Paypal is not anonymously used, Paypal has a very high transaction fee too. Thats why I start using bitcoin cause bitcoin has many advantages than paypal. Paypal has advantages too. like many sites, Banks and shops are accepting bitcoin as their payments

Paypal do  have    really some    advantage  compared to  bitcoin  because  its being regulated and legal  thus  we could somehow  assure some  security regarding  on  legit transactions because  you would really able to  know  to whom are you  transacting with  but the  problem  here is   on its fees  which  would really   charge you  high and   somehow frustrating  in using their  service that's  why  bitcoin have  lots   of  advantages  over  it, fees, transfer times, anonymity, accessibility, more security.

But you can be messed up at any time within bitcoin because on one cares to limit or ban you and your account at any time Paypal wish without giving you even a single warning. Though all methods of payment have their advantages and disadvantages but the disadvantages associated with paypal are really numerous

[barbara44]

you can send and receive money easily and it only took a few minutes to finish the confirmation , it is more convenient because you don't have to go and remit your money from bank or remittance center and the transaction fee is much cheaper than other .

Yeah quite sure dude, bitcoin has a very cheaper transactions fees rather than other such as bank even paypal. But sometimes the transaction of bitcoin have a little problem. Sometimes the transaction of bitcoin pending untill more than one hour. It is very annoying for people that can not become patient.

Yes, there are times when the transaction maybe pending for more than one hour but if you include enough fees definitely your transaction will be picked up in very next block itself. But, sometimes blocks itself being generated with big gaps, we do not have immediate solutions to them as of now.

[markyminer]

you can send and receive money easily and it only took a few minutes to finish the confirmation , it is more convenient because you don't have to go and remit your money from bank or remittance center and the transaction fee is much cheaper than other .

i think there are also so many other advantages of bitcoin like it is helpful in making and increasing the value of your bitcoins if the price goes up. you can also invest it in other alt coins and can make good profit you can even use it for online shopping and now you can also use it for shopping in your local shopping without changing into fiat currency.

[hero1111]

Bitcoin has a lot advantages . For me ? I can sent money to someone with bitcoin easily and i can invest for my future and i can use exchange of bitcoin and i can buy something with bitcoin and i can earn money with gambing those things are advantages of bitcoin for me  .

[ged00u]

At present, bitcoin is the most secure currency in the world which is managed by the Blockchain system and miners. And not only that, people can easily send bitcoin abroad within a second, and after only a few confirmations, Bitcoin is in your wallet. An another advantage of bitcoin is that the government is not controlling it.

[delliaerd]

At present, bitcoin is the most secure currency in the world which is managed by the Blockchain system and miners. And not only that, people can easily send bitcoin abroad within a second, and after only a few confirmations, Bitcoin is in your wallet. An another advantage of bitcoin is that the government is not controlling it.

Yes The goverment not controling, it is mean that we do not pay tax of our bitcoin. also If we put our money in bank, they will take a charge for our money and Monthly cost too.  saving Money in bitcoin is becone good investment too becouse the price of bitcoin is always rise. it Will help people who do not have a chance for make an investment which need great financial capital. so They can make investment only with less than $10 in trading bitcoin so they can grow their money there.

[Jessica136]

There are lots of advantages of Bitcoin. Find the pros below.

1.No Transaction Costs

2.  No Third-Party Seizure
3. No Risk of “Charge-backs”
4. BTC Cannot be Stolen

5. No Taxes

[20kevin20]

The advantage is that Bitcoin is anonymous and the transactions are easily completed with very very low fees: you can go for 10k satoshis which is just a few cents even when transactioning millions! The disadvantage is that it's not popular right now at all.

[TastyChillySauce00]

The advantage is that Bitcoin is anonymous and the transactions are easily completed with very very low fees: you can go for 10k satoshis which is just a few cents even when transactioning millions! The disadvantage is that it's not popular right now at all.

yeah you can make a transaction with minimal fee as low as 10k satoshi but if you are going to transact a millions USD worth of bitcoin then you will face the slow confirmation because your fees were too low,just use proper fees,even if you set fee to 0.01 but if you are transacting such a big money like $10,000 then it will worth it,just compare with paypal who is going to took 3% of the money

[olubams]

The advantage is that Bitcoin is anonymous and the transactions are easily completed with very very low fees: you can go for 10k satoshis which is just a few cents even when transactioning millions! The disadvantage is that it's not popular right now at all.

I agree with this which is to me the most important advantage over any other one in the sense that I can transact with needing to submit one valid form of identification or the other. Another one that I also hold dear of the advantages Bitcoin possesses is the issue trans-border free flow of transaction with seamless effort and limited time lag. Coupled with the the low transaction cost involved in sending transactions among other advantages...