Advantages of paying with Bitcoin

[CryptoClown]

Currently, I feel Bitcoins are good for investments and never used it buy any illegal things online.

I also see bitcoin as an investment and not a way to pay things bought online. It is convenient but I will let my credit card handle all the payments as I can see it is more documented. Also, for me it is only good to use Bitcoin as payment if the market is green. You might end up spending all your bitcoins if the market is red since the amount of bitcoin is also low.

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[ufaiz50]

bitcoin transaction fees and transaction confirmations is expensive and long so to use bitcoin as a continuous payment I think is a bit detrimental. the advantages of paying using bitcoin may be anonymous and looks easy but now I see bitcoin as an expensive currency and a good investment.

[Pleione527]

I'v been using bitcoin to do fund transfer to my siblings and its very convenient and useful because there is no transaction fee unlike with other remittance center also I use bitcoin to buy some stuff online and paying bills its so nice because the budget I set for bills sometimes lessen because of appreciation in the value of bitcoin which I cannot experience in ordinary fiat

[chichigirl]

It is very convenient, no hassle when you are making transaction like transferring fuds. You don't have to go to banks and fall in line to deposit.

[Insanerman]

It is very convenient, no hassle when you are making transaction like transferring fuds. You don't have to go to banks and fall in line to deposit.

Thats true, once the transaction is being processed you can check it at the plockchan. I think it is a good feature since you can check that transaction is on going and live. Also, its convenient paying it using your mobile or pc. I think we have to encouraged more biller to accept bitcoin so that more people will be using.

[Drizzlepistol]

first it's anonymous. So not ez to track who use this bitcoin address.
second it's fast and cheap than traditional way. like paypal or visa (4% fee)

[SamsungBitcoin]

I do love using bitcoin to pay all my bills, because in our online local wallet has a great services and there is a rebates in every bill you pay using their services that is why i can also used bitcoin as remittance center in my area and get additional income from it.

[lucifochrome]

There's a lot of advantages but the most inportant in my opinion is the easy and fast transaction.

[entrepmind23]

I like bitcoin because I don't have a problem when paying someone unlike banks that I need to go through the process of enrolling the account so that I can transfer instantly to that certain account. With bitcoin, I just need an address and then send directly to the person I intend to pay. Additional advantage is that I can transfer funds without transaction fee if we use the same platform of our wallet so no need to worry of high transaction fee. Since I don't have a credit card, it is hard for me to purchase something online and because of the bitcoin's popularity, there are more stores accepting it thus it is easier to purchase something.

[Anfisman]

The advantages of payment using bitcoin in my opinion are,
1. Transaction time is faster.
2. We can do international transactions.
3. Low fee
4. We can buy goods from abroad without having to swap with currency.

[FDC1412]

well the best idea of transacting using bitcoin is that the community tracks your transaction. on the other hand thou, beware of scammers because the transaction from bitcoin are not able to be refunded.

[Casdinyard]

It is very convenient, no hassle when you are making transaction like transferring fuds. You don't have to go to banks and fall in line to deposit.

So true and I'm sure everyone had and experiencing this. Before I need to go to banks just to deposit and trasfer funds but when bitcoin came to my life, all these became convenient to me, like I didnt have to pay taxes even I sent money internationally and the best thing I can buy some load using my bitcoin. The transaction time is even reasonable for me. Bitcoin is not just for investment but it's also for us to experience all of these. Truly bitcoin touches our lives in different aspects.

[lighpulsar07]

nowadays, i think that bitcoin has more disadvantages than advantages because of transaction fees althoufh it is the same value in terms of bitcoins but it is high in terms of fiat so, in effect, the confirmation time is slow but i have no problems with it than waiting in line in bank just to deposit

[traderethereum]

bitcoin transaction fees and transaction confirmations is expensive and long so to use bitcoin as a continuous payment I think is a bit detrimental. the advantages of paying using bitcoin may be anonymous and looks easy but now I see bitcoin as an expensive currency and a good investment.

i agree with you but if the amount that we want to send is bigger, for example more than 0.01 btc and the fee for example 0.0006 btc - 0.001 btc, its not a problem for us because the amount is still bigger than the fee. i think if the fee is like what i said, then i think we can do it as donation for other people so what we send can faster arrived into our wallet.

[raymart0720]

transaction is faster and more productivity will
another BTC is decentralize meaning the rate price value is still increasing and can transfer over world
less fees than banks

disadvantage = we can only purchase goods in SOME of places and SOME specific things and the trading to gold or money is not that easy

[kiddeon123]

In my own viewpoint bitcoin has a lot of advantage than the regular way of paying and transferring funds simply because it is much easier, much faster, and one will question you about it. Bitcoin is much easier because the only requirements is to have a wallet which is super easy to create, the next advantage is faster because in bitcoin you can transfer money by just one click.

[LordDisick]

One of the advantages of paying with bitcoin is being hassle free. In my country we have this app called coins.ph all you need to have is computer/cellphone and internet then you can pay your bills online. No more hassle going into long lines. Though there is minimal fee i still prefer to pay my bills using bitcoin. Its a lifesaver for a busy and stay at home mother like me.

[perla]

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?

for me what is advantage of using bitcoin is things like what you bought in namecheap. sometime i want to buy something online and must pay with CC or paypal, but i don't have balance on both. bitcoin really help me to buy something online especially if they accept bitcoin as payment

[yishak]

For me the most important thing about paying with bitcoins is that since bitcoin is global its available in my country . I couldn't use PayPal to pay because PayPal in my country is limited to receive only.
Another advantage of bitcoin payment is ofcourse its annonimity . I only need to give an address to make a payment. I don't need to give out my Credit number, Expiry date...etc like in case of credit cards.

[bitcoinVPSD]

Bitcoin payments have some advantages as we can buy Internet items that can be used bitcoin for payment without having to leave the house. I can also use bitcoin to buy games. Internet payment mode for bitcoin is very convenient and simple