Advantages of paying with Bitcoin

[DoublerHunter]

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?

So far, I like paying with Bitcoins because there is no tax involved. Unlike when I pay with fiat or with credit cards, not only is there a huge tax integrated in the purchase but also the transaction has to pass through the banks and some other agencies of the government. They know practically everything. And when I pay with credit cards, I still have to pay it again when the bill comes, double effort. With Bitcoin, no tax and then anonymous and then one time transaction. 

Correct me if i'm wrong but i know that when you are about to buy a goods or items in the market then the products already have tax involved because it is automatic for the sellers or items so they can just automatically computer and add all the things up and don't compute for the tax anymore.

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[Amilhussin24]

There are a lot of advantages in paying with Bitcoin, that's why most people love's bitcoin. Here's some advantages. On paying with bitcoin. Purchases are not taxed, it has a very low transaction fees, and can pay in mobile payments. Like with other online payment system, Bitcoin users can pay for their coins anytime anywhere they have internet access. purchases will never have to travel to a bank or in a store to buy any product.

[CARrency]

good points  fast , global , low fee , no id needed

bad point not refunded , problem with send lower than amount

I think the "bad point" there is that you send the money lower than the fee, the simple solution is just to send bitcoin bigger than the fee but there are still the problem there, high fee.

I think these is a problem a for years now so I think the fee will never change at all.

[gabmen]

good points  fast , global , low fee , no id needed

bad point not refunded , problem with send lower than amount

I think the "bad point" there is that you send the money lower than the fee, the simple solution is just to send bitcoin bigger than the fee but there are still the problem there, high fee.

I think these is a problem a for years now so I think the fee will never change at all.

With the points you've mentioned, it just shows that the positive impact of doing transactions with btc outweighs the negative ones. Everything, whether btc or fiat, have their own bad points. And its not hard to see why btc is a lot better for the future of monetary transactions

[Vik87]

Advantages are very limited as of now, rather their are quite a few disadvantages, atleast I feel so while using it.
Advantages are like its really helpful for cross border or international transaction, the fees or charges are relatively lower, anonymous transaction also is a good advantage. And ofcourse you can use it anytime without without delay except the confirmation time, which is gradually improving.
And also if we consider it as an asset or investment, it provided a huge profit and potentially it has more to give.

[BlackRacerX]

First of all, convenience is the big key factor as to why bitcoins will be a viable substitute to fiat money. However it comes with a problem. Bitcoin price today is very volatile. It doesn't really make a full proper replacement to money but a good substitute. Decentralization is also its key factor since you can transact without the hassle or taxes of middlemen.

[zais]

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?

Bitcoin offers many advantages over traditional banks. This bitcoin enables international payment delivery regardless of currency conversion, within about 10 minutes, and the transaction can not be canceled once done. This side can be seen as positive or negative.