It has been more than a decade since cryptocurrency started attracting people on social media and especially on the internet. Bitcoin has been able to rank among the top cryptocurrencies today, nothing is known about the exact origin of the currency although it appeared in the middle of 2008 in connection with a Japanese pseudo name “Satoshi Nakamoto”.
So, what exactly is this Bitcoin Currency and why it was able to maintain its place in the financial markets. Well, the following listed reasons may give you an idea of its popularity and a piece of evidence about its continued safe existence in the future.
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Bitcoin is the first decentralized digital currency.
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Bitcoin is an independent free-floating currency that is not owned by any government or associated with any other currency so that it influences the value wise of the economic indicators that govern the value of traditional ones. money.
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With the growing popularity of the masses, it now enjoys an increased level of acceptance at all levels, for example, you can now buy things with Bitcoin cryptocurrency directly and also sell them on different platforms like CoinBase , Bitfinex, Bitstamp, Kraken and others.
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All you need is a wallet and an internet connection to make a peer to peer Bitcoin transfer.
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In most cases the transfers are easy.
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The convenience of making transactions on the internet or on your mobile phone in a couple of clicks.
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Your privacy is strong compared to other online payment methods where your important information can be leaked and misused.
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While transferring money through the usual methods you have to pay fees depending on the number of your transactions and in addition, these transfers are subject to your particular regional and state regulations. While Bitcoin cryptocurrency transactions do not require you to be bound by any state regulations and in addition, you cannot pay heavy transaction fees.
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Since only you have access to your electronic wallet, your coins are always safe with you and no one can steal your money. The process and transactions are transparent because of the shared public ledger and anyone can verify a transaction anytime from anywhere in the world using the internet.
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Another advantage of having a Bitcoin cryptocurrency wallet is that your account will not be frozen.
Looking at the growing popularity and acceptance of the Bitcoin cryptocurrency we can safely assume that the future of Bitcoin is not only safe but quite bright and this new method of payment is here to stay.