Advantages of paying with Bitcoin

[fiulpro]

Hey
I beg to differ...

Well I don't think there is any advantage regarding paying with bitcoins , I would prefer paying through normal currency because the rate of bitcoins keeps on fluctuating thus something that I paid 100 dollars for could be sold at 10 dollars thus I would be at a loss if the price keeps on falling and going up.
Thus its disadvantageous for the society, because if the price is not fixed it will affect the seller and the buyer ..we can't decide which party suffers a loss or gains a profit.
Yes its trendy but its more beneficial if we pay through local currencies as it will reduce the chances of unprofitable exchange

[ajmapalo22]

I guess the advantage goes to the one who receive the payment because as we all know bitcoin continue appreciating so when you receive a payment for something after few more days or weeks of keeping your bitcoin the value may go higher which resulted to additional income for you and it the other thing happen the one who pays will be benefited.

[Ewox]

Basically the advantages of paying Bitcoin is that it is anonymous wherein you don't have to present you Identification Card to make payments unlike using your Credit Card, when you charge a huge amount the cashier would ask you for a valid ID to verify your card.

[FasTroy]

Basically the advantages of paying Bitcoin is that it is anonymous wherein you don't have to present you Identification Card to make payments unlike using your Credit Card, when you charge a huge amount the cashier would ask you for a valid ID to verify your card.

You are absolutely right, bitcoin give a lot of advantages to people, the most important thing, It's untracked, so as you say, it is anonymous also you don't have to send your documents or ID for verifications.
You are free to send any amount your want, with a low amount for miner fees. You can pay any services you want that accept bitcoin without any problem or any interdictions.

[fanbeila]

1.When payment is made with bitcoin,we need not have to disclose any of our personal identities.So unless,we voluntarily reveal our bitcoin transaction related to our purchase,no body could trace our transaction including the government authorities.so,there would be no sales tax on our purchases.

2.Very low transaction fee when compared to other payment methods.

3.Transactions for purchase could be made online and we don't have any need to go to any of the stores individually.

4.No intermediaries,governments could interrupt our bitcoin transactions and no body could freeze our bitcoin accounts when payment made in bitcoins.

[franco123]

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?

You actually mentioned already the common advantage. But I just want to ellaborate three main advanatages for me when paying through Bitcoins.

1) Privacy - What makes Bitcoin transactions special is that you can reman anonymous. No one can find out who you are which makes you secured especially if you are transacting into big ammounts.

2) Easy transaction - With Bitcoin as a digital currency, everything now is a one click away. It really takes advantage of what the technology has to offer.

3) Last is Universal Currency - No country really owns Bitcoin which makes it like a universal currency. This also makes easier for 2 parties to decide the payment scheme if they can not decide the fiat currency to trade to.

[Hasbro27]

To pay with bitcoin is much easier than any other way. and Bitcoin Wallets are much safer than credit cards or accounts from any other payment system.

[Harlot]

1.When payment is made with bitcoin,we need not have to disclose any of our personal identities.So unless,we voluntarily reveal our bitcoin transaction related to our purchase,no body could trace our transaction including the government authorities.so,there would be no sales tax on our purchases.

2.Very low transaction fee when compared to other payment methods.

3.Transactions for purchase could be made online and we don't have any need to go to any of the stores individually.

4.No intermediaries,governments could interrupt our bitcoin transactions and no body could freeze our bitcoin accounts when payment made in bitcoins.

Just a thought when you are purchasing something not unless it is illegal you really need to disclose your shipping address for you to receive the purchased item, which there is no sense of hiding your identity as it will be revealed. Also from what I know credit card payments and Paypal payment now have no fees for the buyer. Which in turn is more practical compared to paying the item with Bitcoin.

[kingragnar]

the advantage of bitcoin for me is that when it transfers to different people. Because it does not need a long process of transfer it. It's not like banks. And you can transfer or trade even if they are in the middle of the world. and low transaction fee and you can make sure your acount is safe. So I'm happy that I know bitcoin and what it does in human life.

[ethereumhunter]

i think there is no need to pay big amount if we are using bitcoin as payment because i have experience before. i need to pay something and if i use money then i should spend $10 and if i only use bitcoin, the amount is equal 0.002 btc because bitcoin price is in high position so i don't have to spend big amount. the other advantages is maybe we don't have to filled the form and write down our name and address and then we pay the amount and with btc we only send the amount.

[Gabrieelle]

Paying with bitcoin is easy and super fast. I always use bitcoin to buy some load because it is much faster than going to a store and it doesn't have transaction fee. The wallet that I'm currently using I can also pay my bills by just using it. I can pay with my bitcoins or with my local currency there is always a choice that is why it is really much easier using bitcoin when transacting online.

[akamit]

Firstly, the main advantage of paying with bitcoin is anonymity.
Secondly, it had very cheap transaction fees before if compared with other options. But now it is not cheap.
So now only thing I believe is available is the anonymous thing we have if we use bitcoin as payment option.

But there is also a disadvantage for the transaction delay due to the confirmation.

Currently the most precious thing is to invest in bitcoin.

[sumangs]

This gives you faster transaction but it takes some percentage of your bitcoin as transaction fee. The transaction fee is small but it has also secured and keeps your privacy while sending via bitcoin.

[Melquart]

For me the advantages of paying with bitcoin are low fees for large transaction, not disclosing my identity to stranger, safety of transactions and many other features.

[bitbunnny]

For me the bigest advantage of paying with Bitcoins is that I actualy can save buying with Bitcoins. The higher the price, more I save. And since I have Bitcoin debit card paying is very fast and easy and I don't even have to think if Bitcoin is accepted or not. And because of anonimity no one realy knows on what I'm spending like banks are watching the credit cards.

[valentin68]

The advantage is that you can pay fast, and send the money to whomever you want. The disadvantage is that the bitcoin network is anonymous, once you send the money to a certain person you do not know if that person will be sending what you bought for your bitcoin, and you cannot have your money returned. This is the bad part of bitcoin. And of course the taxes that you pay when you send the money, they can go as high as 1-5 USD.

[redhondaxrm125]

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?

In terms of payments regarding the instances that you have mentioned, bitcoin really is advantageous. And I won’t argue with that. But in terms of using it on a daily basis with simple things, i really don’t see that much that could make me wanna use bitcoins more than how i use them now. Maybe someday when transaction fees are cheaper amd confirmations are faster.

[mukeymon]

Privacy, fast payments, and no refunds (like Paypal). Love paying with bitcoin, just can't wait until it gets easier and more universal.

But bitcoin is not more popular than paypal. Many people still want to use paypal than bitcoin

[maman09]

right, I feel the same with you. the benefits of bitcoin in terms of spending, many things that have facilitated us through the method of spending bitcoin.
it's just that the current problem, not many online stores that accept payment by bitcoin method.

[Lamisa asfiya]

paying with bitcoin is the latest technology. it is easy system for payment. besides, this payment system is very fast and there are privacy too.it is an extra income source.