September 16, 2014 in Computers and Technology
Simply put, Bitcoin is a relatively new form of currency that was introduced to the world in the year 2009. While Bitcoin is still gaining in popularity, those who use it enjoy immense benefits that they would not be able to get at a traditional bank. As the world continues to move closer to the idea of digital currency, the central ideals of Bitcoin may become more widely accepted. If you’d like to experience a much simpler way to transact and interact with people and money, check out the following reasons why Bitcoin is the way to go:FreedomOne of the best things about the Bitcoin currency is that it is totally user-regulated. You have the freedom to decide how much money you want to spend and when and where you’d like to spend it without any limitation from a banking institution. The Bitcoins in your virtual wallet can travel anywhere within a matter of minutes, which means that you can send money overseas or across the street without having to wait long for it to get there. Whether you are paying for coffee or need funds during an international excursion, you can move and distribute your money your way.
SecurityIn this day and age, identity theft has become a huge problem. Credit cards have become a target as thieves have realized how easy it is to get to your money with the sixteen digits and the name on the front of your card. Not only does Bitcoin operate from a digital wallet, it doesn’t require you to use your name or any of your personal financial information in order to complete a transaction. This means that you can keep your precious information safe from unscrupulous people.
Low FeesAre you tired of outrageous bank fees? If you’d rather not pay the bank money just to use your account, it may be time for you to check out Bitcoin. The simple, decentralized, unregulated nature of the Bitcoin currency means much less overhead, which translates to transactions made with low or no fees.
As Bitcoin continues to make significant gains in popularity, it will certainly be interesting to see how it grows. For now, users can enjoy the freedom and security that comes from being able to use your money your way.