Advantages of paying with Bitcoin

[cryptopreacher]

Because Bitcoin is open-source and the block-chain is transparent, you can view the flow of payments. The design of it offers pseudo-anonimity, that means that you are not anonymous because when you have to 'cash out', you still go through a bank or other standard means, thus leaving a finger print of your transaction.

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[Fazlurkhan.kz]

Well paying with  Bitcoins has loads of advantages.... As it's a virtual currency it's exchange is extremely easy and effortless.. and it saves plenty of time. 

[J-Spark]

The advantages of paying with bitcoins are most likely the time and how fast the transactions would be completed. Also the fee or the tax that it would have when international or even locally transferred, especially if it became into a different type of money. And also the amount of money that you would transfer wont be limited, as long as you have that kind or amount of bitcoins to transfer woth. These are just some of its advantages, there may be more but for me, these are the only ones that i know.

[seattletu]

It's fortunate you have utilized it for something while a few of despite everything us can't use it. You have seen one of its points of interest while for me I simply utilize it for purchasing altcoins and simply exchanging money.I get it needs significantly more of that sort of administration to be promoted to make sure it can be utilized like a currency.Also that many stores and online portals acknowledges bitcoins.But I do believe that the most ideal approach to utilize bitcoins are to hold or put resources into them as it would be more productive. Nothing in purchasing something. Different exchanges are only for installment of my credit and prepaid administrations.

[Raven91]

So today I purchased web hosting from Namecheap using Bitcoin and it was incredibly cheap, simple and best of all, anonymous. When it comes to website ownership, depending on the kinds of sites you are building, this can be an important thing.

One of the reasons why Bitcoin took off initially was because of its privacy and anonymity benefits. Back then there were so few places where you could actually spend Bitcoin, so people ended up purchasing illegal things to test out the platform.

Now, we can see and trust definite advantages that Bitcoin as a technology brings - secure store of value, anonymity, global/universal currency, transparency (blockchain), software apps can be built on top, etc

but I really just wanted to get your opinion...

What are some advantages of paying with Bitcoin?

The advantage os usibg vit oin on payments is that you can gain money with yout transactions.Just like in coins.ph .Coins.ph is an online bitcoij wallet in where you can gain money when you make transactions.

[smokeydog]

I like the idea of bitcoin but talking about the advantages of paying with Bitcoin?  How could we find out about that, it's accepted almost nowhere.   I only know of 1 place in my area when I can purchase anything with bitcoin.   For now it is nothing but a pure speculative play, nothing more.  I hope it becomes more but government is going to make that difficult.  When every coffee shop in my are allows me to pay with bitcoin, then we will be there but that is still nothing more then an idea at this point.  To use Bitcoin to buy a car, I have to convert to dollars at an exchange,  not exactly easy.  Governments are going to dump all over these exchanges.  So until we get P2P exchange of goods and services directly with bitcoin we are nowhere.   We are years away from being there.

I could probably find a local shop which will accept Pesos before Bitcoin.  Bitcoin is s vehicle for speculation which is fine but today it's is anything but a currency.

I am positive on the possibilities but there is still years of work to be done.

[smartbitcoininvestor]

It seems like overall, Bitcoin is just better technology for payments. It's secure, fast, global and anonymous. Sure cash may be convenient in person but digital transactions are just so much better with the Blockchain.

I think within a few years we'll see a large number of online retailers accept Bitcoin and other cryptocurrencies. Once Amazon.com joins in the fun we'll see a major sea change in how people transact monetary value.

The shift is coming. All it takes is a major world war, financial crash or something similar.

[Phyton76]

So today I purchased web hosting from Namecheap using Bitcoin and it was incredibly cheap, simple and best of all, anonymous. When it comes to website ownership, depending on the kinds of sites you are building, this can be an important thing.

One of the reasons why Bitcoin took off initially was because of its privacy and anonymity benefits. Back then there were so few places where you could actually spend Bitcoin, so people ended up purchasing illegal things to test out the platform.

Now, we can see and trust definite advantages that Bitcoin as a technology brings - secure store of value, anonymity, global/universal currency, transparency (blockchain), software apps can be built on top, etc

but I really just wanted to get your opinion...

What are some advantages of paying with Bitcoin?

The advantages of paying with bitcoin is that you cam also gain lomey when ypu do your transactions, like for example at coins.ph.Coins.ph is an onlinr bitcoin wallet that enable you to earn when you make transactions .

[iloveass2]

I think it would be fast and convinient if we could pay with bitcoin. Also by looking at the price of bitcoin right now, we can see that with a small amount of bitcoin, we can actually pay and also buy many stuffs for us and our family.

[cjinny]

Freedom of Payment - Allows you to send and receive money instantly anywhere and anytime. No bank holiday. No country borders. No restrictions apply. Bitcoin gives its users full control over their money.

Very Low Cost - Bitcoin payments are currently processed at no cost or at a very low cost. Users can enter fees in transactions to obtain priority processing, thus securing faster transaction confirmation by the network. In addition, the seller processor is there to assist sellers in processing transactions, converting bitcoins into conventional fiat currency, and putting money directly into seller's bank account each day. Since all of these services are Bitcoin based, the required cost is much lower than the credit card network or PayPal.

Low risk for sellers - Bitcoin transactions are very secure, irrevocable, and do not contain any personal or sensitive information from customers. This protects the seller from losses due to fraud or chargeback cheating, as well as unnecessary PCI adjustments. Sellers can easily expand into new markets where credit cards are not available and fraud rates are very high. The end result of Bitcoin is lower cost, wider market, and fewer administrative expenditures,

Security and control - Bitcoin users have full control over their transactions; it is not possible for sellers to create unwanted or unnecessary bills as can happen with other payment methods. Payment with Bitcoin can be made without including a personal identifier for the payment process. This provides strong protection from identity thieves. Bitcoin users can also protect their money with backup and encryption.

Transparent and neutral - All information related to the Bitcoin money supply is available in the chain for anyone who wants to verify or use it in real time. No individual or organization can control or manipulate the Bitcoin protocol because it is very cryptographically safe. This allows the Bitcoin nucleus to be completely neutral, transparent, and predictable.

[Oo ako to]

For me it's really the transaction with no hassle. Just copy the address and pay it and you can already see that it is showing that there is an upcoming deposit.

[bilman]

Advantages - privacy, fast transfer and secure. 

[kevpantof]

I like the idea of bitcoin but talking about the advantages of paying with Bitcoin?  How could we find out about that, it's accepted almost nowhere.   I only know of 1 place in my area when I can purchase anything with bitcoin.   For now it is nothing but a pure speculative play, nothing more.  I hope it becomes more but government is going to make that difficult.  When every coffee shop in my are allows me to pay with bitcoin, then we will be there but that is still nothing more then an idea at this point.  To use Bitcoin to buy a car, I have to convert to dollars at an exchange,  not exactly easy.  Governments are going to dump all over these exchanges.  So until we get P2P exchange of goods and services directly with bitcoin we are nowhere.   We are years away from being there.

I could probably find a local shop which will accept Pesos before Bitcoin.  Bitcoin is s vehicle for speculation which is fine but today it's is anything but a currency.

I am positive on the possibilities but there is still years of work to be done.

Many of online store accept bitcoin so one can shop from there, paying in bitcoin will give huge advantage to payer as well as collector. This will give both a profit and in coming future all the stores which sells online will accept the bitcoin and then people will change their local currency in bitcoins to enjoy complimentary advantages of bitcoin. It is wonder full to pay in bitcoin.

[migolmigol]

Its actually just like the same with the other currencies. The difference is that it is transacted through technology and not paper or coins.

[Choy13]

So today I purchased web hosting from Namecheap using Bitcoin and it was incredibly cheap, simple and best of all, anonymous. When it comes to website ownership, depending on the kinds of sites you are building, this can be an important thing.

One of the reasons why Bitcoin took off initially was because of its privacy and anonymity benefits. Back then there were so few places where you could actually spend Bitcoin, so people ended up purchasing illegal things to test out the platform.

Now, we can see and trust definite advantages that Bitcoin as a technology brings - secure store of value, anonymity, global/universal currency, transparency (blockchain), software apps can be built on top, etc

but I really just wanted to get your opinion...

What are some advantages of paying with Bitcoin?

I think bitcoin have many advantages in ourselves specially when we are in the mall if bitcoin is allow to be substitute to debit card it makes it easy and less hassle. So with bitcoin, we have a secure programmable form of money that can be used for global transactions, that cannot be forged, that is fully audit-able, that is actually software that can be built into anything and everything.

[ranochigo]

The main thing for the consumer is the security Bitcoin provides.

Bitcoin is way more secure than other modes of method. When using cash, the risk of losing it together with the wallet is rather high. If you use debit or credit cards, if it gets carded or stolen, there are no securities against it, especially with smaller payments.

For the merchants, Bitcoin eliminates the mandatory fees that most point of sales will require the merchant to pay, giving the smaller stores more ways for consumers to pay. Other than that, it is extremely hard to reverse and the reversibility of card payments has always and will always be a problem for them.

[SMSabuj]

In the very Beginning of my crypto world, I used bitcoin for buying Domain and Hosting. But now I can buy VPS, Domain, Hosting, Theme, Plugin, Software. I can pay the bill in some freelancer sites to. Day by day increasing Bitcoin use.

[bitcoinrays]

Bitcoins is advantageous because you can transfer money anonymously unlike other money transfer remittances. Also, it is quicker and easier compared to other modes of money transferring. If you have experienced transferring money through money transfer remittances, you will notice that you won't have privacy at all and your personal details may be acquired. Everything will just be convenient for the payer. Also, we can transact internationally without the currency stuffs. Also take note that we may pay smaller compared to cash.

The main advantage if bitcoin is to pay fast and without leave one place we can order according it our desire from online store and without hesitation and without getting stuck in any trouble one can get what he want.  Besides the anonymity provided it is also not bad.

[Oceat]

Bitcoins is advantageous because you can transfer money anonymously unlike other money transfer remittances. Also, it is quicker and easier compared to other modes of money transferring. If you have experienced transferring money through money transfer remittances, you will notice that you won't have privacy at all and your personal details may be acquired. Everything will just be convenient for the payer. Also, we can transact internationally without the currency stuffs. Also take note that we may pay smaller compared to cash.

The main advantage if bitcoin is to pay fast and without leave one place we can order according it our desire from online store and without hesitation and without getting stuck in any trouble one can get what he want.  Besides the anonymity provided it is also not bad.

Most of the users are on favored of the anonymity of the transaction they made when they are using bitcoin. Also i agree that it can be easily to send your money abroad without any taxes to any government agency before it gets to the ones that you are sending, and the saddest part is that it won't be delivered.

[Insanerman]

In the very Beginning of my crypto world, I used bitcoin for buying Domain and Hosting. But now I can buy VPS, Domain, Hosting, Theme, Plugin, Software. I can pay the bill in some freelancer sites to. Day by day increasing Bitcoin use.

I used to buy domain name also i think in namecheap. Where did you subscribe  or bought your virtual storage? I know there are many services now that are accepting bitcoin, but need some legit one.

I find it less hassle also when I used to pay with bitcoin, I hope many biller will accept bitcoin soon. It will change the way we do business online.