Advantages of paying with Bitcoin

[Hexah]

In my own opinion, the advantages of paying bitcoin is that there are no hassle when it comes to transaction and it was realably fast rather than using some credit card, it is user-friendly that we don't have to go on outside just to pay some services maybe just at home with some internet connection working then its fine.

But I think, nowadays, bitcoin is not just only for paying or through transaction it can also be used as an asset or an investment that has huge potential to grow even you just hold it or you trade it on exchange sites and I think most bitcoin enthusiast are into this one right now.

[The Monkey King]

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?

Some advantages of paying with bitcoin is that with the use of bitcoin, people can pay in a faster way and without the need to leave in one place. People can also order some items or products according to their desire whether it is from online stores. And without hesitation and without getting stuck in any trouble, people can get and buy what they want and need.

[smartbitcoininvestor]

Another advantage that most people have failed to bring up is the amount of time paying with Bitcoin saves. In any given transaction, all one has to do is scan the QR code and the transaction automatically settles itself. QR technology is secure, private and gets the job done efficiently for 1 to 1 transactions. As digital commerce gets more advanced, I could see this owning many advantages for Bitcoin as a method of payment.

[Cocobrayy]

Bitcoin payments are easier than credit or debit cards, and Payments are made through the wallet application, either on your computer or on your phone, by entering the recipient's address, payment amount, and hit send. payment using bitcoin saves time and is easier, simple and also safe.

[Ucy]

The first time I purchased something with Bitcoin which cost me 0.03btc (around $20—$30 then) was 2016. I feel sorry for my self whenever I go through my purchase history and see how much 0.03 is worth today.

[Inkdatar]

Bitcoin payments are easier than credit or debit cards, and Payments are made through the wallet application, either on your computer or on your phone, by entering the recipient's address, payment amount, and hit send. payment using bitcoin saves time and is easier, simple and also safe.

One of the advantages in bitcoin I like the most is I can use it paying bills. Which anytime I can access the application in my country and use it to pay bills. Yes it is easier to use, safe and less hassle.

[Misshi]

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 you already just said the advantages of using Bitcoin as payment. Aside from being anonymous, cheap transaction fees and very convenient to use. Transactions that you have using Bitcoin are not taxed. I think that's the reason why transactions fees are low because there's no taxed in it.

[dinda22]

I feel the same as you, when buying something in online and pay with bitcoin, the process is very easy, fees very cheap, does not require a long time. so far bitcoin is most payments I liked, but is still limited to a few stores accept bitcoin. I hope that in future more and more online stores that accept bitcoin.

[Konthol Ngaceng]

Many benefits and advantages we can get when transactions with bitcoin, for example, are cheaper, faster and certainly more secure transaction costs than the bank system. remember, we need escort when taking money in bank but in bitcoin full secure.

[Granxis]

Many benefits and advantages we can get when transactions with bitcoin, for example, are cheaper, faster and certainly more secure transaction costs than the bank system. remember, we need escort when taking money in bank but in bitcoin full secure.

I use my credit card when I shop abroad, I think it is fast and cheap, Bitcoin is quite remote as payment method, but it is very useful for anonymity.

[perla]

things that help me to pay with bitcoin because i don't have bank account. so i can pay everything online easily without bank account and can help me with daily transaction

[Schuyler]

If the fees can be held to a minimum, then it would be the main advantage of bitcoin, especially for those who always remit money. Right now, more people would tend to hold their bitcoins and treat it more as an investment because it is more profitable rather than using it as something to pay for their transactions.

[Sir Paijoe]

Of course the transaction is faster than the bank transfer, otherwise it does not need confirmation because it automatically detects the sender. I like to use bitcoin because it is safer for transactions than with bank transactions.

[johnarce]

Major advantages of using Bitcoin versus other currency system is that there's no third-party seizure, no taxes, no tracking, no transaction cost and it cannot be stolen.

[mustakforum]

The advantage of transacting using bitcoin, an anonymous but transparent system. And also very small transaction costs are very cost saving even though sending in different countries.

[ckorbba]

Of course the transaction is faster than the bank transfer, otherwise it does not need confirmation because it automatically detects the sender. I like to use bitcoin because it is safer for transactions than with bank transactions.

If we talk about the popularization of Bitcoin, then we need to take into account that mainly trade between people is in retail trade. So it seems to me that Bitcoin will be complicated to pay for such services. But if you take into account the wholesale supply of goods or even buying through the Internet, then this is completely different possibilities and this is quite realistic. Thus, it can be assumed that bitcoin can satisfy only a part of consumers, but not in the total mass.

[sofi@]

When you pay using bitcoin chances are you pay less than what is due because of the value appreciation also it does not require too much information when using it so you can stay anonymous if you like bitcoin is fast and safe unlike credit cards or atm no one can steal your bitcoin from your wallet

[henmark]

For me its best to buy using bitcoin or any other cryptocurrency if the seller is capable of such feature due to this following reasons:
1. The item you bought would be cheaper, since the product will not be charged with tax. In our country tax for purchases is usually at 12%, so by neglecting that amount buyer can really save a lot.
2. Faster transaction especially for me since i dont have credit cards, therefore the only way for me to buy an item online is go to an exchanger and pay them in fiat. Even COD i still have to prepare the necessary amount of fiat beforehand. So with bitcoin there is less hassle.
3. Anonymity, but I am not badly in need for this feature since the item I am buying are legal in nature
These are my reasons why I use bitcoin in some of my purchases.

All true that you mentioned here. I feel the payments with bitcoin will make the trading easy. Because you can buy anything anywhere in the world and can pay your bills through your bitcoin wallet. Other advantage is that you do not need to change the currency into the required one that of the other country.

Just buy the commodities and other things you need and pay your bills through the internet from your bitcoin wallet.

[MWesterweele]

In my own opinion, the advantages of paying bitcoin is that there are no hassle when it comes to transaction and it was realably fast rather than using some credit card, it is user-friendly that we don't have to go on outside just to pay some services maybe just at home with some internet connection working then its fine.

But I think, nowadays, bitcoin is not just only for paying or through transaction it can also be used as an asset or an investment that has huge potential to grow even you just hold it or you trade it on exchange sites and I think most bitcoin enthusiast are into this one right now.

the advantage of it is, we can pay different online shopping store in an instant way, we can use it everywhere in this world, so that could be one the advantage of it, and one of it is the being anonymous  of bitcoin thats why they cant trace our bitcoin accounts also.

[prtty2gal2]

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?

Actually I think using bitcoin as a medium of payment has advantages and disadvantages. One disadvantage is that when prices go up we will find it too expensive to make payments using BTC, and the advantage is to make transactions easily.

Bothe advantages as well as disadvantage are existing in bit coin investment and I think it is true business where profit and loss both occurs so don’t worry about the disadvantages and be confident to invest in it because most of the competent investors are very hopeful from bit coin each and every time.