what are the benefits you get in bitcoin? And how those it affect your daily living?
Bitcoin benefits
By using Bitcoin then this is the easiest way to exchange money for minimal cost.
here are some of the benefits and benefits of Bitcoin
1. Security and Manage our Money
Bitcoin transactions are secured by military-level cryptography. no one can use our money or make payments on our behalf. As long as we take the necessary steps to protect our wallets, Bitcoin can give us complete control over our money and a strong level of protection against many types of fraud.
2.function Anywhere, Anytime and By Anyone
Just like email, we do not need to require our families to use the same software or service provider. Let them use what they like. it is not a problem; they are all compatible because they use the same open technology. The Bitcoin network never sleeps, even on holidays!
3. Easy and Fast International Payment System
bitcoin can be transferred eg from America to China in less than 10 minutes. No Bank is slowing down the process, expensive fees, or freezing of funds. We can pay our neighbors just as we pay a member of our family in another country.
4.almost Free to use
Bitcoin allows us to send and receive payments very cheaply. Except for special cases such as micro-payments, no fees are applied. but it is recommended to pay higher voluntary fees for faster confirmation of our transactions and to hire people who operate the Bitcoin network.
5. Protecting our identity
with Bitcoin, no credit card numbers can be collected by the bad guys to imitate us. In fact, it's even possible to post a payment without having to reveal our identity, just like real money. however we should note that it takes some effort to protect our privacy.
6. Payment Via Mobile is made easy
Bitcoin on Hp allows us to pay with two simple scan-and-pay steps. no need to swipe our cards, type PIN, or sign anything. All we need to do to accept Bitcoin payments is to display the QR code in our Bitcoin wallet app and let our friends scan our phones, or touch two phones together
it should be noted that all Bitcoin transactions are kept publicly and permanently on the Bitcoin network, which means that Bitcoin address and balance can be seen by anyone. experts recommend that Bitcoin owners need to create new addresses for each transaction as a way to ensure privacy and improve security.
after we created the Bitcoin address and have obtained the Bitcoins address, then you can use it for online transactions with companies that accept Bitcoins as a way of payment. The company will send a Bitcoin address to which we can send our Bitcoin payments. we redirect the payment to the address, while the transaction takes place in seconds, verification can take 10 minutes or more .
