advantages of bitcoin

[tabas]

There are many advantages of bitcoin. besides as a currency, and where the money could be said bitcoin is also a very profitable investment because when the price hikes we could be a benefit which is quite tempting.

That's one of the good thing that bitcoin has and the other advantage that I can see with bitcoin is that if you are going to send bitcoin balance to other people that can be done within a couple of minutes and the fees are cheaper than the usual sending fees from well known remitting centers. And that's why I really like this advantage of bitcoin.

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[TastyChillySauce00]

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 of bitcoin has, one of them are bitcoin don't have any tax charges, aside from that hassle free, then it is more secured than a bank outlet which can be steal by a robber anytime unlike bitcoin not. That's it!

no that's not true man, banks are more secured than what you think and your money is more prone to robbers or so called hackers maybe you didn't know how risky it is to store your money online through bitcoin because our computers are vulnerable to a malicious software like botnet or trojan horse which can be used by hackers to gain an access and remotely control your device .

That's definitely right. Bank also cover your loss if your accounts were hacked while with bitcoin you can do nothing if the funds were just getting away from your wallet. By using bitcoin you must maintain your security by your own hand and whether the security will be very good or bad it depends on the owner. Banks are setting up everything necessary for you because you're their client and they will make profit out of you

[dharnamonitor]

- lower transaction fee
- easy to earn
-  no tracking
-  no risks of charge back
 and    cannot be stolen

[BossMacko]

As a gambler the advantage of Bitcoin to me is that i don't need to go to the casino here in my country anymore because i there are many Online Casino that accepts Bitcoins. Less hassle in depositing Bitcoin than depositing money , Some casino only needs 1 confirmation then you can already bet. I can also withdraw Bitcoin anytime and it is fast.

[Techie5879]

There are loads of advantages of bitcoin over other stuff like online banking/local banking.

• The anonymity and security
• Freedom, due to decentralization, you dont need to tell others what you do, and why you do
• Not hackable, your BTC cant be stolen
• Banks, governments dont benefit from your interest, you own your money
• Its faster than any other payment methods, doesnt have any caps, and transactions can be done anytime of the day

There are many other benefits, but its better to use bitcoin yourself and find them out on your own. Thats the suspense

[zcashcoins]

t's safe, quick, and reliable. I can send money to someone in China right now, within a couple of seconds. The transaction fee is also really insignificant and there isn't this centralized government which all of the BTC cycles through.

[Sithara007]

t's safe, quick, and reliable. I can send money to someone in China right now, within a couple of seconds. The transaction fee is also really insignificant and there isn't this centralized government which all of the BTC cycles through.

Confirmation time is more like 30 minutes or 1 hour, rather than "a couple of seconds". Also, the transaction fee depends upon the size. If your coins contain a large amount of dust, then the tx fee also will be high.

[carlisle1]

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 of bitcoin has, one of them are bitcoin don't have any tax charges, aside from that hassle free, then it is more secured than a bank outlet which can be steal by a robber anytime unlike bitcoin not. That's it!

no that's not true man, banks are more secured than what you think and your money is more prone to robbers or so called hackers maybe you didn't know how risky it is to store your money online through bitcoin because our computers are vulnerable to a malicious software like botnet or trojan horse which can be used by hackers to gain an access and remotely control your device .

you are more safe to store money on banks because all of your money is covered by insurance and they will surely provide a high security with your money, the only thing that can be an advantages of bitcoin over banks is that you are not imposed a huge tax or transaction fee from the bank and you can be your own bank . and That's it . just because you are your own bank doesn't mean you are already secured maybe you've forgot that we are on a cyber world where we are using our bitcoin and where we can be easily robbed just because of our own mistakes .

[Kolder]

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 of bitcoin has, one of them are bitcoin don't have any tax charges, aside from that hassle free, then it is more secured than a bank outlet which can be steal by a robber anytime unlike bitcoin not. That's it!

no that's not true man, banks are more secured than what you think and your money is more prone to robbers or so called hackers maybe you didn't know how risky it is to store your money online through bitcoin because our computers are vulnerable to a malicious software like botnet or trojan horse which can be used by hackers to gain an access and remotely control your device .

you are more safe to store money on banks because all of your money is covered by insurance and they will surely provide a high security with your money, the only thing that can be an advantages of bitcoin over banks is that you are not imposed a huge tax or transaction fee from the bank and you can be your own bank . and That's it . just because you are your own bank doesn't mean you are already secured maybe you've forgot that we are on a cyber world where we are using our bitcoin and where we can be easily robbed just because of our own mistakes .

I disagree. Even the banks didn't provide insurance for your deposit when bankruptcy hits them. I think they will just refund a smal portion of it. It is more safe to just stored your bc in cold storage. It have a lot of advantages in both security and profit.

[carlisle1]

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 of bitcoin has, one of them are bitcoin don't have any tax charges, aside from that hassle free, then it is more secured than a bank outlet which can be steal by a robber anytime unlike bitcoin not. That's it!

no that's not true man, banks are more secured than what you think and your money is more prone to robbers or so called hackers maybe you didn't know how risky it is to store your money online through bitcoin because our computers are vulnerable to a malicious software like botnet or trojan horse which can be used by hackers to gain an access and remotely control your device .

you are more safe to store money on banks because all of your money is covered by insurance and they will surely provide a high security with your money, the only thing that can be an advantages of bitcoin over banks is that you are not imposed a huge tax or transaction fee from the bank and you can be your own bank . and That's it . just because you are your own bank doesn't mean you are already secured maybe you've forgot that we are on a cyber world where we are using our bitcoin and where we can be easily robbed just because of our own mistakes .

I disagree. Even the banks didn't provide insurance for your deposit when bankruptcy hits them. I think they will just refund a smal portion of it. It is more safe to just stored your bc in cold storage. It have a lot of advantages in both security and profit.

but at least you are not going to face a total loss if they are going to refund a small portion of your money but I don't think that banks will easily hit by bankruptcy and you have the ability to pick the bank of your choice and its up to you if you are going to choose the bank which is prone to that instances . by the way bitcoin and banks have many differences both has their own advantages and disadvantages we can say that it is more safe to store our money on banks or bitcoin it is just depends on our consideration .

[daringdiscovered]

The greates advantage of bitcoin is its great value unlike fiat. Many demands but only limited supply which makes bitcoin's value keep rising. I think we might hit 1000$ per bitcoin before the year ends. And won't drop below 800$ for the next years unless something really bad will happen on bitcoin.

[deisik]

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 of bitcoin has, one of them are bitcoin don't have any tax charges, aside from that hassle free, then it is more secured than a bank outlet which can be steal by a robber anytime unlike bitcoin not. That's it!

no that's not true man, banks are more secured than what you think and your money is more prone to robbers or so called hackers maybe you didn't know how risky it is to store your money online through bitcoin because our computers are vulnerable to a malicious software like botnet or trojan horse which can be used by hackers to gain an access and remotely control your device .

you are more safe to store money on banks because all of your money is covered by insurance and they will surely provide a high security with your money, the only thing that can be an advantages of bitcoin over banks is that you are not imposed a huge tax or transaction fee from the bank and you can be your own bank . and That's it . just because you are your own bank doesn't mean you are already secured maybe you've forgot that we are on a cyber world where we are using our bitcoin and where we can be easily robbed just because of our own mistakes .

I disagree. Even the banks didn't provide insurance for your deposit when bankruptcy hits them. I think they will just refund a smal portion of it. It is more safe to just stored your bc in cold storage. It have a lot of advantages in both security and profit.

It depends on the size of your deposit and country of your residence. Deposit insurance is provided in many countries and may fully or partly cover the losses incurred by the bank bankruptcy. For example, in the US, deposits can be insured up to 250,000 dollars by the FDIC (Federal Deposit Insurance Corporation). In Europe, it is something about 20,000 euro per individual (if I'm not mistaken)...

I'd been through a bank bankruptcy process myself and got my money back in just two weeks

[thepo1m]

For me, it is the only currency that has the potential to increase in value against any fiat currency. The value has already double in 2016. Also that inflation has no effect on it is another good plus to BTC design

[crairezx20]

For me, it is the only currency that has the potential to increase in value against any fiat currency. The value has already double in 2016. Also that inflation has no effect on it is another good plus to BTC design

There is a big impact in the price with bitcoin unlike other currency.. we are lucky to know bitcoin because the movement of the price is changing.
The other currency price also is changing it takes long time before you can seen the new changes of the price of fiat than in bitcoin.. also the movement of the price is fast than the other currency..

[soham]

There are lot of advantages of bitcoin than any other traditional currency. However, there are disadvantages as well. Firstly bitcoin has a very huge potential to become huge in near future which normal currencies can't think about.

On the other hand, bitcoin is not regulated by anyone and not all government authorized this currency. So you may be earning black money in the eyes of your government. But if you treat bitcoin as an investment, then it will reward you suitably.

[ubitcoin]

The mainly advantage is that i can payout many many times little amounts of satoshi...
this was not possible with other ecurrencies because the fees would have eat all my earning.
Now with Xapo i have no fees when i send

Bitcoins made the online transaction system much easier than before. Yup it has very low transaction value as compared to all other payment processors. Even very little amount of payment can be easily send without fees which is a great advantage of Bitcoin. I am also using XAPO and it is working fine for me.

[Victorycoin]

I am surprised mention have not been made of the emergence of new products, e commerce companies and innovations of some old concepts, not forgetting the job opportunities the emergence of bitcoin have brought about. That aside, bitcoin have broken and shattered the barriers placed on most poor and developing countries by (almighty) Paypal and the card companies, now anyone, anywhere can send and receive money almost instantaneously, something no one ever thought was feasible - all thanks to Satoshi!

[shield132]

The mainly advantage is that i can payout many many times little amounts of satoshi...
this was not possible with other ecurrencies because the fees would have eat all my earning.
Now with Xapo i have no fees when i send

Bitcoins made the online transaction system much easier than before. Yup it has very low transaction value as compared to all other payment processors. Even very little amount of payment can be easily send without fees which is a great advantage of Bitcoin. I am also using XAPO and it is working fine for me.

We can't say directly that bitcoim made online transaction systems much easier because still there are problems about fees on higher than one btc transactions and some people have confirmation problems. Despite that I agree you, it made much easier in one side because it's simple and available for everyone, it don't has any limitations like viza/mastercard or paypal has, that's big plus.

[DoublerHunter]

The advantages of bitcoin that i know is you can get in and earn bitcoin world even you are under 18 because bitcoin doesn't care what is your age and also bitcoin is secured and request lower fees rather than in the traditional remittances which can help for foreign workers to save a lot of money and just use crypto-currency and not the traditional remittances.