advantages of bitcoin

[Jessica136]

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

There are lots of advantages of BTC. One thing I Like the most of BTC, in case of BTC I feel more safety than doing transaction on Bank system

[icecube45]

Bitcoin is very different from a traditional bank, and bitcoin system does not adapt to the banking system in my opinion. There are many advantages of bitcoin that we can use. As low transaction costs, it would make us less burdened by fees or other pieces. In addition we can manage with free bitcoin wallet. I guess for bitcoin system does not adapt to the banking system, because I think bitcoin system differs from traditional bank. Bitcoin is more than just to save money, but could be used for investment with the will and our freedom.

[rajasumi2]

There are so many advantages of using bitcoins
-firstly if the  price of bitcoins goes down u can buy them a lot for the future
-secondly when the price of bitcoins goes up to its peak level then u could sell them , u see profit  and profit .no loss at all
-bitcoins are used as currency in different parts of the world ..if u search the net u can get them all ..
kudoos

[junglist.massive]

Most of real advantages was said but to sum it I will say that:
-Fast transactions. Some people say that Bitcoin's transactions are slow but I disagree. My trasactions usually take less than a minute.

- No taxes. I have heard that some countries want to create taxes connected to bitcoin but it is only about the future.
- Mining. With what other currency can you get some money out of nowhere? Printing money is the prerogative of the National bank and using Bitcoin you can just buy a miner, find a pool and get some 'clear' bitcoins.
- Anonymity. Yes, you need to have a wallet and it is possible to see transactions of any wallet but still there is no direct connection between a wallet and an owner.
- Smart Contracts

[Dudeperfect]

The main advantage is anonymity so no one can see the details of parties involved in the transaction even though all the details of transactions are public. Another advantage is speed and no third party interference so bitcoin transactions are safe and fast as compared to traditional banking system, we don’t have to depend on third parties like banks in order to make any transaction and last but not least is cheaper fees when it comes to international transfers.

yes and it has so many other advantages too, to me the main advantage is that it is decentralize currency and can be use any where in the world have same value. you do not need to convert your fiat in to another currency, where you want to do shopping,

Yes that is also a good advantage but unfortunately there are no merchants in my town who accept bitcoin as a payment option so I cannot make offline purchase using bitcoin as of now. I am sure this picture is going to change in next 5 years and most of the major merchants will start accepting bitcoin for day to day transactions.

[BlackPanda]

a lot of advantages offered by the bitcoin. The most interesting thing for me is a remittance transactions very fast.
bitcoin offers the ease and speed. I really like bitcoin.

[puremage111]

anonymous power, i mean i can buy things without rendering information like paypal needed on names, address

[Gasturcas]

Common advantage of bitcoin is that there are either no fees, or very low fees within payments using Bitcoin. To speed up the process of transaction, user may choose to include fees for it to happen. The higher the fee, the more priority it gets and the quicker it gets processed. By the way, with Bitcoin it is very possible to be able to get and receive  money anywhere in the world anytime.

[serjent05]

Common advantage of bitcoin is that there are either no fees, or very low fees within payments using Bitcoin. To speed up the process of transaction, user may choose to include fees for it to happen. The higher the fee, the more priority it gets and the quicker it gets processed. By the way, with Bitcoin it is very possible to be able to get and receive  money anywhere in the world anytime.

This is only some of the advantages of bitcoin.  Bitcoin is also secured, unlike Credit cards and Visa Cards that is prone to hacking and phishing and if the company you deal with have a hidden intention on getting your credit cards number and secret pin,  transacting with bitcoin is safer because they can never do such thing with bitcoin.

[crairezx20]

Common advantage of bitcoin is that there are either no fees, or very low fees within payments using Bitcoin. To speed up the process of transaction, user may choose to include fees for it to happen. The higher the fee, the more priority it gets and the quicker it gets processed. By the way, with Bitcoin it is very possible to be able to get and receive  money anywhere in the world anytime.

Yeah right this is different from before right now we have a choice for the fees for priority purposes if we want to receive it fast just increase the fee and i think it is more cheap fee than other payment proccesor. and it is easy to use unlike other that needs to verify first or real information before you can use..

[el kaka22]

The best advantage of bitcoin is being able to move unlimited amount of money overseas. Good luck trying to find any other way but bitcoin, because there isn't any other viable way.

Yeah true also the decentralization makes us feel that we own the currency. Added to this there are much more features like transparent yet secure transactions, easy to spend and accept. Ability to track different payment from different people. How much have you sent overseas by the way ?

[Tyrantt]

The best advantage of bitcoin is being able to move unlimited amount of money overseas. Good luck trying to find any other way but bitcoin, because there isn't any other viable way.

Yeah true also the decentralization makes us feel that we own the currency. Added to this there are much more features like transparent yet secure transactions, easy to spend and accept. Ability to track different payment from different people. How much have you sent overseas by the way ?

fast transactions, low fees and anonimous (certain people love this part the best) and you've got the whole blockchain updated with every transaction that happened, yeah.

[th3nolo]

- Fast payments around the world
- Low Fees compared with services like paypal,banks ect.
- In the most part is anonymous
- Secure if you know what are you doing.
- Helps poor countries to figth with the inflation.

[CraigWrightBTC]

For me bitcoin and other coins can be used for trading use arbitase strategy between one market and other markets and i can make profit without doing analysis tecnical or fundamental, it is one of many advantages bitcoin and trading bitcoin is more good than stocks or forex trading.

[pikebu]

Bitcoin is something new in the world and there are no like this before, it is easy, simple and can be used just on smartphone and i like it than fiat money that need pocket and can be thiefed on the road.

[john2231]

The best advantage of bitcoin is being able to move unlimited amount of money overseas. Good luck trying to find any other way but bitcoin, because there isn't any other viable way.

Yeah true also the decentralization makes us feel that we own the currency. Added to this there are much more features like transparent yet secure transactions, easy to spend and accept. Ability to track different payment from different people. How much have you sent overseas by the way ?

fast transactions, low fees and anonimous (certain people love this part the best) and you've got the whole blockchain updated with every transaction that happened, yeah.

Anonymity of bitcoin is being liked by many people and as well as the investors. But for those investors who are running after the profit, they are loving the advantage of bitcoin that by just simply holding bitcoin just like gold. They have a very big chance to get some profit once the price of bitcoin increases and they don't have to work for it too much.

Honestly anonymity it doesn't help but because of gambling activity many gamblers or people are want to gamble using bitcoin because of anonymity for me either bitcoin is not anonymity i will still want to use and it is more advantage because its more people can be trust bitcoin and use it than using paypal.. if it will happen in the future..

[madwica]

Bitcoin is something new in the world and there are no like this before, it is easy, simple and can be used just on smartphone and i like it than fiat money that need pocket and can be thiefed on the road.

The advantages of bitcoin you can do work to earn bitcoin, to spend, to transfer and to transact online even we are in our house and also we can entertain our selves in some methods of earning of bitcoin.

[Japinat]

Bitcoin is something new in the world and there are no like this before, it is easy, simple and can be used just on smartphone and i like it than fiat money that need pocket and can be thiefed on the road.

The advantages of bitcoin you can do work to earn bitcoin, to spend, to transfer and to transact online even we are in our house and also we can entertain our selves in some methods of earning of bitcoin.

The advantage base on my experience is I am able to use it in gambling with ease. I usually do not transfer money pretty often but I do gamble most of the time, having fun in the internet is something that can give you a big satisfaction.

[kidoseagle0312]

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

Bitcoin is very convenient to used for the bitcoin enthusiast, also the best when it comes to charge transaction it is very low fees of charge, and lastly very safe and secured.

[sobsitesearch]

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

Bitcoin is very convenient to used for the bitcoin enthusiast, also the best when it comes to charge transaction it is very low fees of charge, and lastly very safe and secured.

There is a different advantages to all users of bitcoin it depends on the way of uses of each users in bitcoin, for me the advantage is i can pay my bills even i am at home and many more.