Categories: Bitcoin Business

Benefits of Trading with Bitcoin

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Have you ever thought of changing the way you do your transactions and switching to Bitcoin instead of cash and banks? If you have and you are still undecided as to whether you should take the next step and go full digital cryptocurrency on your transactions, looking at the benefits of trading with Bitcoin might help you decide.

A digital marketing agency, for example, will often give their clients the expertise and guidance to succeed in a competitive market and one of the things that they suggest is switching over to using Bitcoin for some of their clients’ transactions.

Bitcoin doesn’t Require Permissions

Contrary to what government officials and media outlets want to make you believe Bitcoin will never collapse or be banned from governments. In fact, chances are that Bitcoin will still be around and going strong while other currencies go through incredible devaluations.

This is because Bitcoin doesn’t require permissions from governments, financial institutions, banks, and international organizations in order to be used. The digital cryptocurrency is free to use and has absolutely no borders like other currencies do.

It Will Never Be Seized

It is a well-known fact that money that you keep on a bank account can sometimes be seized for various reasons. For example, a creditor can easily seize your money if he has a judgement against you.

With Bitcoin, this will never happen as Bitcoin can never be seized. Neither a creditor nor anyone else can confiscate your Bitcoin because you own the digital cryptocurrency. That is not the case with money that you have borrowed from a bank which one moment might be at your disposal and the next out of your bank account.

There is a Limited Supply of Bitcoin

One of the reasons why mining for Bitcoin has become more difficult is the fact that Bitcoin has a limited supply. When all bitcoins are created their number will be 21 million and not a coin more. This means that those who have Bitcoin in their possession can be absolutely certain of their value because Bitcoin is very predictable and speculators cannot influence its value. While current currencies suffer from constant devaluation due to the constant printing of new money from central banks, Bitcoin is very scarce.

Fast and Easy to Use

One of the biggest selling points of Bitcoin is the fact that the currency is very easy to use and people who use it can complete their transactions almost instantly. This is because all Bitcoin transactions are peer-to-peer transfers and as Satoshi Nakamoto wrote in his whitepaper this is one of the basic principles of Bitcoin.

Central payment networks such as Visa, PayPal and Mastercard charge their clients certain fees through their banks when they make a transaction. This is not the case with Bitcoin as it does not charge any fees most of the time and when it does they are minimal.

Anonymous Currency

Another beneficial aspect of Bitcoin is the fact that you can be completely anonymous when making a transaction with Bitcoin. If it is used properly, the currency can keep you out of sight of the government as it does not require its users to provide name, email, social security number and other sensitive information.

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