Advantages of paying with Bitcoin

[illicit]

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 it depends there are ups and downs in crypto currency,
For example you are going to pay for your bill and they really need it at the moment the bitcoin transaction is really not a good way to pay,
But if you are going to send some money somewhere far from you and it would take a couple of days for them to recieve I think it is best to use bitcoin.

[jtipt]

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

What are some advantages of paying with Bitcoin?

Certain advantages that I can think of are. Firstly you get some anonymity, yes it's not complete untraceable but atleast you don't need to provide your name and address. Also most of times when buying with btc you get some discount, that's because the merchant doesn't need to pay taxes for btc so to encourage people to pay with bitcoin they give discount on btc payments. But along with these advantages there are obviously some disadvantages that you know of like the wait time for tx to get confirm.

[Mysterious01]

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 in my part I guess the anonymity in buying and in paying is the big advantage in bitcoin.
It is also easy to use and in my country buying btc is not that difficult and the exchange rate is not that high so I love btc the way it is.

[Herlina]

make purchases of products from other countries without worrying about differences in currencies, anonymity and big payouts can be made easily without limitation on payments.

[Ctn]

Bitcoin has always been good currency and the new opportunities are always finding its way around. It's not just about bitcoin but many ether based smart contracts are forming technology which can provide us online payment gateway. I would love to use bitcoin as payment processor because it is very much instant and I would not wait fir confirmation of payment because once I see incoming pending payment then I'm sure it's gonna be there in my account. Once people start believing in that block chain process they will be more into using it as payment mode. Just with one click accounts are credited. Just love it.

[zoelhack]

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

Because of slow transactions if a site wants at least one confirmation to confirm your order then you may need to wait for few hours after payment. That is a bad thing about Bitcoin transactions. I'm into Bitcoins only for the investment purpose as of now. If you want to hide your identity then Bitcoins are the best option for payment.

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


besides that bitcoin is not subject to income and wealth taxes, free transactions without limitation limit, can be used anywhere with the same exchange rate in all countries in the world

[Wandika]

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

Because of slow transactions if a site wants at least one confirmation to confirm your order then you may need to wait for few hours after payment. That is a bad thing about Bitcoin transactions. I'm into Bitcoins only for the investment purpose as of now. If you want to hide your identity then Bitcoins are the best option for payment.

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


besides that bitcoin is not subject to income and wealth taxes, free transactions without limitation limit, can be used anywhere with the same exchange rate in all countries in the world

it is convenient to use,anytime anywhere as long as have connection and can be good for savings. As it's volatility increases it offers more opportunities when we got the opportunity to have a btc noe and earn big in future.

[pugman]

I will say that it will be one of the terrible mistake that you will commit the moment you pay for something using bitcoin, like we all know bitcoin is going to be highly successful in future ,so the price will also increase and then you will get a big profit. But if you spend the other person will get the profit.

[SushiMonster]

I use bitcoin for buying mobile loads and paying bills thru our mobile wallet. It's much convinient and easy to use specially if I dont have cash on hand and my bills are almost due. I also get a reward if I pay using my bitcoin and use the app. This is much better rather than going to the shop and pay personally

[Shohanur]

I think bitcoin is more popular on paying for fast transaction and low fees. it also transaction all over the world.

[Praesidium]

Advantage of paying with bitcoin is that you'll keep your credentials private. I think you cant be trace with blockchain. This good when you purchase illegal account in some site. I try it my self because as a student i need many sites with alot of studies like Chegg.com so i search if  somebody sells an account for it. Now i already both chegg account for only 1 Usd with lifetime membership. So i really think that it is one huge advantage of bitcoin as payment.

[DevilSlayer]

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 am now using bitcoins to pay our utilities expenses in our house. I know that the bitcoin will use in different transactions in the near future. Many people are now prefer to use bitcoin than fiat currency.

[valentin68]

There is one BIG advantage of bitcoin. This advantage was given from start by Nakamoto when he designed the bitcoin network. It is the fact that no one can say that he has not received a transaction when you know that you sent it. You can show him the transction in the blockchain and this is sufficient (hard) proof.
So you know precisely that when you send a transction the money will arive, no one can say that you have not paid him, no one can ask for the money back.
And of course, transactions can be traced, but owners of accounts are anonymous.

This is the best thing about bitcoin, compared to other e-payment systems.

[achikomimi]

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?

Fast to send money and less transaction fee. Easy to send money, just one click away.

[Dudeperfect]

Yes, paying for the goods and services whether online or offline has a benefit of maintaining anonymity during the transaction. However, the biggest advantage I see is the lowest fee for the international customers. My bank puts 3 different charges and fees to pay my funds on an international level so it increases the cost of that product and service irrespective of any price hike from the service provider. Bitcoin transaction takes place almost instantly and the fees are lower as compared to that of regular fiat transactions so it really helps.

[Harlot]

Yes for online payments you can say Bitcoin is a good way to pay, but for your example which you bought a hosting service to host your site, it does not take for long for you to be an anonymouse user because having a site needs you to give information if you want to monetized it or even just become an author for writing blogs in your site. Other than that I don't see any advantage of it. If you will count maybe on an actual scenario where I will pay Bitcoin on a store the advantage might be not bring any wallet or cards for payment.

[Jmmerquita]

Using bitcoin for payment is not time consuming. It's easy to access and operate and much convenient.

[ethereumhunter]

It has advantages like it is easy to use, safe has good security.
Less transaction fees and faster transfers with full control over our money without any limit. No more cash required and can do payments online easily.

beside its easy to use, if we are buying product on online, we don't have to go to ATM machine to transfer our transaction and we can do by scan the barcode or filled the wallet address. and if in out there any local store accepting bitcoin then we only need to carrying our android phone with bitcoin balance inside that phone and when we want to make payment, we only need to scan the barcode, filled the amount and send and then our transaction is finish.

[taliwang]

with the payment using bitcoin we no longer need to convert it into conventional money. so the process becomes faster and safer ....

[ChuckBuck]

Well before the main advantage of bitcoin was its lesser fees than credit card or paypal. However we could not use that one anymore right now because of the ridiculous  fees. On the other hand its anonymous  feature is still really good for not so legal transactions

If the transaction fee is improved or returned as before, I bet that bitcoin will be preferred over any other currency. It even passed paypal recently. However, it is clear that the fee is too high, which makes many people hesitant when deciding to use bitcoin.