advantages of bitcoin

[QuestionAuthority]

Thread number 576 about the advantages of Bitcoin and can Bitcoin be used by banks.

Surely there must be some other thing to talk about that's relevant to Bitcoin.

[Bitcoinsummoner]

please pen down all the advantages of bitcoin over traditional bank system. Also mention if bitcoin system is adoptable for bank system.

The best advantage of using  bitcoin is that we could send/receive money anytime, anywhere and even throughout the country. We can easily send money to our loveones in just a minute without leaving our house. Then less hassle, less transaction fees,  anonymous, and trustless..

Yeah this is good for bitcoin since some transaction are asking for high fees and it takes a long time or days before they can receive their balance here in my country we can withdraw bitcoin fast and instant.. no hassle no identity required..  unlike other companies.

[xIIImaL]

Thread number 576 about the advantages of Bitcoin and can Bitcoin be used by banks.

Surely there must be some other thing to talk about that's relevant to Bitcoin.

lol. bitcoin seems to be accepts soon by bank when we see the news announced from the citi bank new york. I personally want to say that bitcoin is the only money which can be acts as transaction and transaction mode. So anonymous in transactions provide additional value for the bitcoin's potential.

[vero]

please pen down all the advantages of bitcoin over traditional bank system. Also mention if bitcoin system is adoptable for bank system.

the advantages of bitcoin over traditional bank system
1. low fees
2. you send money anytime and anywhere you want and not need go to the ATM
3. you can manage your own money
4. no one know how much you have

and there are many advantages of bitcoin.

[ekoice]

When you buy anything using Bitcoins, you dont have to give any of your personal details.
Government cannot trace any of your transactions.
Governments cannot impose tax on your earnings.
Transaction fees is  very low when compared to banks.

[wildworld]

independence of the bank

speed transactions

privacy

anonymous

no transaction costs

There are many benefits to Bitcoin :-)

[hasiramasenju]

please pen down all the advantages of bitcoin over traditional bank system. Also mention if bitcoin system is adoptable for bank system.

plenty advantages using bitcoin such as i have fully control and could fully access for my bitcoin, fast transactions, low fees i think the answers will be same but i don't think bitcoin system could be adoptable for bank system because banks supported by government and that mean the government also controlling bank but bitcoin is independent so because government cannot full access to bitcoin i think they will considers bitcoin system too risky for them

[croutonhexagon]

Already many had responded and mentioned the advantages of bitcoin. Let me go in deep.

In bitcoin the main advantage is you can see your money growth because price keeps fluctuating and if hoi take 1 year time interval then obviously your 1 bitcoin will give you start $100 profit. So why not use bitcoin.

[Viyamore]

please pen down all the advantages of bitcoin over traditional bank system. Also mention if bitcoin system is adoptable for bank system.

Well if we compare the advantage of bitcoins over the bank there are morely good advantages of bitcoins over bank .
Bitcoins have less hassle to cash in and cash out
You can send money anywhere and you're identity is hidden(anonymous identity )
You have your own bank bitcoin wallet and it is profitable as the price goes up unlike in bank its only interest you earn.
Etc.

Well bitcoins can be adoptable in any banks as if they will accept its blockchain technology for faster banking but it will take more years.

[shinratensei_]

please pen down all the advantages of bitcoin over traditional bank system. Also mention if bitcoin system is adoptable for bank system.

The advantages for using bitcoin over using the bank system, there is a freedom for your to controlling your financial if you're already put them into your cold storage. or i think you have all of the control into your assets. more cheap in fees if you wanna for sending the amount into your family and easy for converting into various typr of fiat currency.

[rik3]

please pen down all the advantages of bitcoin over traditional bank system. Also mention if bitcoin system is adoptable for bank system.

Bitcoin is a Digital Currency Invented By Satoshi Nakamoto And Now Officially Handled By the Blockchain Network and The Main Features Of Bitcoin are As Follows:-
1) Bitcoin Transactions Has Low Fees And the Transactions Are Instantaneous......
2) Bitcoin Can Be Transfered anywhere in the World Without The Extra Charges......
3) Bitcoin is Not Owned By the Government Of Any Country......

[CoinsRoyal]

A couple advantages of the bitcoin are that it can be controlled by yourself, its usable as a investment but also as a normal currency.
Last but not least it can be used everywhere on this globe..

[Vhern]

Another thread about the same...

Basically the principal thing is the money is not in the hands of governments or banks, the others things are BS.

[JeffBrad12]

please pen down all the advantages of bitcoin over traditional bank system. Also mention if bitcoin system is adoptable for bank system.

This thread are similar with this one i hope you're just visiting the old one in here
https://bitcointalk.org/index.php?topic=1638759.20 for your second question is already provided too and just use the toolbar search for that.

[ObscureBean]

Bitcoin would never work with banking systems.

Banks providing a wallet service is something that's likely never going to happen at least not with Bitcoin in its current form. However I think it's entirely possible that, with some tweaking, banks could allow people to deposit money to their accounts using Bitcoin. They don't need to hold Bitcoin, they just have to instantly convert the coins to dollars/local currency.

[lucki777]

to me there are 4 main advantages of bitcoin, one is that we can keep our money safe in bitcoin, second is that we can make a good profit from bitcoin if the price of bitcoin goes up, third is that we can do shopping using bitcoin from everywhere in the world, and the 4th is that we can transfer our money from from one place to another very easily through bitcoin.

[davis196]

please pen down all the advantages of bitcoin over traditional bank system. Also mention if bitcoin system is adoptable for bank system.

There are about 100 threads about the same topic.

Just use the search bar and search the forum for previous threads.

Those questions are answered 1000 times here.

[dearbesz1219]

please pen down all the advantages of bitcoin over traditional bank system. Also mention if bitcoin system is adoptable for bank system.

There's so many advantages that we can see and experience in bitcoin, such as: easy to use for the users here, then in every transaction it has a quick response, aside from that bitcoin is very safe and secured for the bitcoin holder lastly its so convenient to everyone.

[mobnepal]

There are many advantages of using bitcoin and this topic have been discussed many times in this forum.
Some of the advantages includes, fast, almost zero transaction fee, non-reversible, anonymous payment system, decentralize system which will never go offline etc are few key features most of us like about bitcoin.

[kidoseagle0312]

please pen down all the advantages of bitcoin over traditional bank system. Also mention if bitcoin system is adoptable for bank system.

The advantage of bitcoin has so many things that can give to any individuals here. First is the charge is so low in each transaction that you wanna make, and so quick to response  for the confirmation, and very easy to use for the users like me.